Insider Buying: Sturm, Ruger & Company, Inc. (NYSE:RGR) CEO Buys 1,500 Shares of Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) CEO Todd William Seyfert acquired 1,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $39.15 per share, for a total transaction of $58,725.00. Following the completion of the acquisition, the chief executive officer directly owned 1,500 shares in the company, valued at approximately $58,725. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Sturm, Ruger & Company, Inc. Trading Up 0.2%

Shares of RGR stock traded up $0.08 during trading hours on Thursday, hitting $39.41. The company’s stock had a trading volume of 98,563 shares, compared to its average volume of 131,787. The company has a 50 day moving average of $40.64 and a 200 day moving average of $36.99. The stock has a market cap of $628.26 million, a PE ratio of -53.99 and a beta of 0.21. Sturm, Ruger & Company, Inc. has a 12-month low of $28.33 and a 12-month high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.07). The business had revenue of $141.36 million during the quarter, compared to analysts’ expectations of $137.26 million. Sturm, Ruger & Company, Inc. had a negative net margin of 2.18% and a positive return on equity of 5.96%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. As a group, analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.1%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, May 14th. Sturm, Ruger & Company, Inc.’s payout ratio is currently -60.27%.

Institutional Investors Weigh In On Sturm, Ruger & Company, Inc.

Hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at about $25,000. Flagship Harbor Advisors LLC acquired a new stake in Sturm, Ruger & Company, Inc. during the fourth quarter worth about $29,000. Group One Trading LLC acquired a new stake in Sturm, Ruger & Company, Inc. during the first quarter worth about $33,000. GAMMA Investing LLC increased its position in Sturm, Ruger & Company, Inc. by 158.2% during the fourth quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock worth $40,000 after purchasing an additional 745 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in Sturm, Ruger & Company, Inc. by 176.5% during the third quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock worth $49,000 after purchasing an additional 720 shares during the last quarter. 64.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Lake Street Capital reissued a “buy” rating and set a $46.00 price target on shares of Sturm, Ruger & Company, Inc. in a report on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Friday, March 27th. Finally, Zacks Research raised shares of Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.00.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.