Phillip Widman Buys 5,000 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Phillip Widman purchased 5,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of $38.00 per share, for a total transaction of $190,000.00. Following the completion of the transaction, the director owned 45,208 shares in the company, valued at $1,717,904. This trade represents a 12.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of RGR stock traded up $1.06 during mid-day trading on Wednesday, hitting $39.21. 134,151 shares of the stock traded hands, compared to its average volume of 174,339. Sturm, Ruger & Company, Inc. has a twelve month low of $28.33 and a twelve month high of $48.21. The firm has a market cap of $625.08 million, a price-to-earnings ratio of -53.75 and a beta of 0.21. The company’s 50-day simple moving average is $40.44 and its 200-day simple moving average is $37.26.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.07). Sturm, Ruger & Company, Inc. had a negative net margin of 2.18% and a positive return on equity of 5.96%. The firm had revenue of $141.36 million for the quarter, compared to analyst estimates of $137.26 million. During the same quarter last year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts forecast that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

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

Wall Street Analyst Weigh In

RGR has been the topic of a number of recent research reports. Lake Street Capital restated a “buy” rating and issued a $46.00 target price on shares of Sturm, Ruger & Company, Inc. in a report on Thursday, May 7th. Zacks Research upgraded Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Friday, March 27th. 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 company’s stock. According to MarketBeat.com, Sturm, Ruger & Company, Inc. has a consensus rating of “Hold” and an average target price of $46.00.

Institutional Trading of Sturm, Ruger & Company, Inc.

Hedge funds and other institutional investors 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 worth $25,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth $29,000. Parallel Advisors LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 176.5% in the third quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock worth $49,000 after buying an additional 720 shares during the period. GAMMA Investing LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 158.2% in the fourth quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock worth $40,000 after buying an additional 745 shares during the period. Finally, Cornerstone Planning Group LLC boosted its position 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 worth $62,000 after buying an additional 1,370 shares during the period. Institutional investors and hedge funds own 64.00% of the company’s stock.

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.