Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Michael Wilson Sells 628 Shares of Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Michael Wilson sold 628 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $45.47, for a total transaction of $28,555.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sturm, Ruger & Company, Inc. Trading Up 1.0%

Shares of NYSE RGR traded up $0.48 during midday trading on Wednesday, reaching $46.79. The company’s stock had a trading volume of 237,331 shares, compared to its average volume of 203,035. Sturm, Ruger & Company, Inc. has a fifty-two week low of $28.33 and a fifty-two week high of $50.84. The stock has a market capitalization of $747.61 million, a price-to-earnings ratio of 62.40 and a beta of 0.15. The stock has a 50 day simple moving average of $41.35 and a 200-day simple moving average of $39.55.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. The business had revenue of $158.06 million during the quarter, compared to analysts’ expectations of $128.54 million. Sturm, Ruger & Company, Inc. had a net margin of 2.11% and a return on equity of 6.58%. The firm’s revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. As a group, equities analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.49 EPS for the current year.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 2nd quarter valued at approximately $49,541,000. Wellington Management Group LLP grew its stake in shares of Sturm, Ruger & Company, Inc. by 15.0% in the second quarter. Wellington Management Group LLP now owns 548,286 shares of the company’s stock valued at $20,753,000 after buying an additional 71,423 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Sturm, Ruger & Company, Inc. by 7.3% during the first quarter. Dimensional Fund Advisors LP now owns 397,446 shares of the company’s stock worth $15,933,000 after buying an additional 27,107 shares during the last quarter. JRM Investment Counsel LLC acquired a new position in Sturm, Ruger & Company, Inc. during the first quarter worth $15,916,000. Finally, Royal Bank of Canada raised its position in Sturm, Ruger & Company, Inc. by 4.5% during the first quarter. Royal Bank of Canada now owns 232,002 shares of the company’s stock worth $9,301,000 after acquiring an additional 9,999 shares in the last quarter. Institutional investors own 64.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Zacks Research raised shares of Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings upgraded Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Finally, Wall Street Zen raised Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $46.00.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms for the commercial sporting market. Its product portfolio includes pistols, revolvers, rifles, and related accessories marketed under the Ruger brand. The company serves customers through independent distributors, retailers, and other firearms dealers.

Founded in 1949 by William B. Ruger and Alexander M. Sturm, the company is one of the largest firearms manufacturers in the United States. Its products are manufactured in the U.S.