Insider Selling: Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Sells $48,960.00 in Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Christopher John Killoy sold 1,224 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $40.00, for a total transaction of $48,960.00. Following the completion of the sale, the director owned 37,025 shares in the company, valued at $1,481,000. This represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Christopher John Killoy also recently made the following trade(s):

• On Monday, September 22nd, Christopher John Killoy sold 8,776 shares of Sturm, Ruger & Company, Inc. stock. The stock was sold at an average price of $40.00, for a total transaction of $351,040.00.

Sturm, Ruger & Company, Inc. Stock Down 0.9%

Sturm, Ruger & Company, Inc. stock opened at $41.82 on Friday. Sturm, Ruger & Company, Inc. has a 52 week low of $31.64 and a 52 week high of $43.20. The firm’s 50-day simple moving average is $35.65 and its 200 day simple moving average is $36.82. The firm has a market capitalization of $675.84 million, a PE ratio of 134.91 and a beta of 0.10.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. The business had revenue of $132.49 million for the quarter, compared to analyst estimates of $121.99 million. During the same period in the previous year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, research analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, August 15th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 206.45%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “hold” rating in a report on Sunday, June 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 748.1% during the 1st quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock valued at $26,000 after acquiring an additional 576 shares during the last quarter. Byrne Asset Management LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 115.1% during the 1st quarter. Byrne Asset Management LLC now owns 968 shares of the company’s stock valued at $38,000 after acquiring an additional 518 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 18,642.9% during the 1st quarter. Parallel Advisors LLC now owns 1,312 shares of the company’s stock valued at $52,000 after acquiring an additional 1,305 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Sturm, Ruger & Company, Inc. by 506.1% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,400 shares of the company’s stock valued at $55,000 after acquiring an additional 1,169 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Sturm, Ruger & Company, Inc. by 159.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,422 shares of the company’s stock valued at $56,000 after acquiring an additional 874 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.