Bruce T. Pettet Buys 500 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock

Key Points

• Director Bruce T. Pettet of Sturm, Ruger & Company, Inc. purchased 500 shares at an average price of $33.10, increasing their position by 8.19% to a total of 6,606 shares.
• The company's quarterly earnings report revealed an EPS of $0.41, surpassing analysts' expectations of $0.38, with a year-over-year revenue increase of 1.3%.
• Sturm, Ruger announced a dividend of $0.16 per share, reflecting a high dividend payout ratio of 232.26%.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) Director Bruce T. Pettet purchased 500 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average price of $33.10 per share, for a total transaction of $16,550.00. Following the purchase, the director owned 6,606 shares in the company, valued at $218,658.60. This trade represents a 8.19% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sturm, Ruger & Company, Inc. Price Performance

NYSE:RGR traded up $0.85 during trading hours on Wednesday, hitting $34.77. The company's stock had a trading volume of 105,626 shares, compared to its average volume of 171,967. The stock has a fifty day simple moving average of $35.61 and a 200-day simple moving average of $37.03. The company has a market capitalization of $561.80 million, a P/E ratio of 112.00 and a beta of 0.07. Sturm, Ruger & Company, Inc. has a twelve month low of $31.64 and a twelve month high of $42.76.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%. The firm had revenue of $132.49 million for the quarter, compared to analyst estimates of $121.99 million. During the same period last year, the firm posted $0.47 earnings per share. The business's revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, August 15th. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is 232.26%.

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

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of Sturm, Ruger & Company, Inc. by 748.1% during the first quarter. GAMMA Investing LLC now owns 653 shares of the company's stock worth $26,000 after acquiring an additional 576 shares during the last quarter. Aurora Private Wealth Inc. bought a new position in shares of Sturm, Ruger & Company, Inc. during the first quarter worth about $1,570,000. Millennium Management LLC raised its position in shares of Sturm, Ruger & Company, Inc. by 19.4% during the fourth quarter. Millennium Management LLC now owns 98,102 shares of the company's stock worth $3,470,000 after acquiring an additional 15,928 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Sturm, Ruger & Company, Inc. by 40.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 53,048 shares of the company's stock worth $1,876,000 after acquiring an additional 15,386 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Sturm, Ruger & Company, Inc. by 119.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company's stock worth $6,284,000 after acquiring an additional 96,703 shares during the last quarter. 64.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Sturm, Ruger & Company, Inc. from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th.

Sturm, Ruger & Company, Inc. Company Profile

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.

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