Bruce T. Pettet Acquires 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 dated Monday, August 11th. The shares were acquired at an average price of $33.10 per share, with a total value of $16,550.00. Following the transaction, the director owned 6,606 shares in the company, valued at approximately $218,658.60. The trade was a 8.19% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of Sturm, Ruger & Company, Inc. stock traded down $0.33 on Monday, hitting $33.91. 154,742 shares of the company traded hands, compared to its average volume of 221,823. Sturm, Ruger & Company, Inc. has a 52 week low of $31.64 and a 52 week high of $42.76. The business has a 50-day simple moving average of $35.48 and a 200 day simple moving average of $36.99. The stock has a market capitalization of $547.99 million, a P/E ratio of 109.39 and a beta of 0.07.

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

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.16 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.64 dividend on an annualized basis and a yield of 1.9%. Sturm, Ruger & Company, Inc.'s payout ratio is currently 206.45%.

Analyst Ratings Changes

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

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Sturm, Ruger & Company, Inc. by 748.1% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company's stock worth $26,000 after purchasing an additional 576 shares during the last quarter. Byrne Asset Management LLC raised its position in Sturm, Ruger & Company, Inc. by 115.1% during the 1st quarter. Byrne Asset Management LLC now owns 968 shares of the company's stock worth $38,000 after buying an additional 518 shares during the last quarter. Parallel Advisors LLC raised its position in Sturm, Ruger & Company, Inc. by 18,642.9% during the 1st quarter. Parallel Advisors LLC now owns 1,312 shares of the company's stock worth $52,000 after buying an additional 1,305 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Sturm, Ruger & Company, Inc. by 506.1% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,400 shares of the company's stock valued at $55,000 after acquiring an additional 1,169 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 159.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,422 shares of the company's stock valued at $56,000 after acquiring an additional 874 shares during the last quarter. Hedge funds and other institutional investors own 64.00% of the company's stock.

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.