Sturm, Ruger & Company, Inc. (NYSE:RGR) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Sturm, Ruger & Company, Inc. (NYSE:RGR) announced its quarterly earnings data on Wednesday. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10, FiscalAI reports. The firm had revenue of $158.06 million during the quarter, compared to the consensus estimate of $128.54 million. Sturm, Ruger & Company, Inc. had a positive return on equity of 5.96% and a negative net margin of 2.18%.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of Sturm, Ruger & Company, Inc. stock traded down $0.47 during trading on Wednesday, hitting $37.87. 125,624 shares of the stock traded hands, compared to its average volume of 156,161. The stock has a market cap of $603.77 million, a P/E ratio of -51.87 and a beta of 0.17. The company has a fifty day moving average price of $38.77 and a two-hundred day moving average price of $39.07. Sturm, Ruger & Company, Inc. has a twelve month low of $28.33 and a twelve month high of $48.21.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.2%. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently -60.27%.

Analyst Ratings Changes

Several research firms recently commented on RGR. Lake Street Capital restated 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 reiterated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Wednesday, June 24th. Zacks Research raised shares of Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Wall Street Zen raised shares of Sturm, Ruger & Company, Inc. from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sturm, Ruger & Company, Inc. currently has an average rating of “Hold” and a consensus price target of $46.00.

Insider Buying and Selling

In other Sturm, Ruger & Company, Inc. news, Director Bruce T. Pettet acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average price of $39.89 per share, with a total value of $39,890.00. Following the completion of the transaction, the director owned 7,606 shares in the company, valued at $303,403.34. The trade was a 15.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Phillip Widman bought 5,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Tuesday, May 12th. The stock was acquired at an average price of $38.00 per share, with a total value of $190,000.00. Following the completion of the purchase, the director directly owned 45,208 shares of the company’s stock, valued at approximately $1,717,904. The trade was a 12.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 7,500 shares of company stock worth $288,615. Insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

Several hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. boosted its position in Sturm, Ruger & Company, Inc. by 10.5% during the fourth quarter. Pacer Advisors Inc. now owns 50,932 shares of the company’s stock worth $1,663,000 after purchasing an additional 4,841 shares during the period. Wellington Management Group LLP raised its position in shares of Sturm, Ruger & Company, Inc. by 0.8% in the fourth quarter. Wellington Management Group LLP now owns 496,315 shares of the company’s stock valued at $16,205,000 after purchasing an additional 3,886 shares during the period. Millennium Management LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth $9,486,000. Balyasny Asset Management L.P. lifted its stake in shares of Sturm, Ruger & Company, Inc. by 310.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 53,010 shares of the company’s stock worth $1,731,000 after buying an additional 40,099 shares during the last quarter. Finally, Sandia Investment Management LP bought a new stake in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth $865,000. 64.00% of the stock is owned by institutional investors and hedge funds.

Sturm, Ruger & Company, Inc. Company Profile

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.