Amir Rosenthal Sells 500 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Amir Rosenthal sold 500 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $30.96, for a total value of $15,480.00. Following the sale, the director directly owned 20,049 shares in the company, valued at approximately $620,717.04. The trade was a 2.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE RGR opened at $30.75 on Wednesday. Sturm, Ruger & Company, Inc. has a 1 year low of $30.00 and a 1 year high of $48.21. The firm has a market cap of $490.26 million, a P/E ratio of 99.19 and a beta of 0.13. The stock has a fifty day moving average price of $41.18 and a two-hundred day moving average price of $37.47.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.26). Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. The firm had revenue of $126.77 million during the quarter, compared to analyst estimates of $124.22 million. During the same quarter last year, the company earned $0.28 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, research analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, November 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is 123.08%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sturm, Ruger & Company, Inc. presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Byrne Asset Management LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 32.0% in the 2nd quarter. Byrne Asset Management LLC now owns 1,278 shares of the company’s stock valued at $46,000 after acquiring an additional 310 shares in the last quarter. Parallel Advisors LLC raised its stake in Sturm, Ruger & Company, Inc. by 176.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock valued at $49,000 after purchasing an additional 720 shares during the period. PNC Financial Services Group Inc. raised its stake in 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 purchasing an additional 874 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 259.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock valued at $56,000 after purchasing an additional 1,132 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 2,075.8% in the third quarter. Cornerstone Planning Group LLC now owns 1,436 shares of the company’s stock valued at $62,000 after purchasing an additional 1,370 shares in the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

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.