Christopher John Killoy Sells 8,776 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock

Key Points

• Director Christopher John Killoy sold 8,776 shares of Sturm, Ruger & Company, Inc. at an average price of $40.00, totaling approximately $351,040, resulting in a 23.70% decrease in his ownership.
• The company's stock performance shows a recent price of $42.36, with a 52-week range between $31.64 and $43.20, and it has a market capitalization of $684.59 million.
• Sturm, Ruger recently reported earnings of $0.41 per share, exceeding forecasts, while also maintaining a dividend with a yield of 1.5% but with a high payout ratio of 206.45%.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) Director Christopher John Killoy sold 8,776 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $40.00, for a total transaction of $351,040.00. Following the completion of the transaction, the director owned 28,249 shares of the company's stock, valued at approximately $1,129,960. This trade represents a 23.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Christopher John Killoy also recently made the following trade(s):

• On Friday, September 19th, Christopher John Killoy sold 1,224 shares of Sturm, Ruger & Company, Inc. stock. The shares were sold at an average price of $40.00, for a total transaction of $48,960.00.

Sturm, Ruger & Company, Inc. Price Performance

Shares of RGR traded up $2.00 during trading hours on Tuesday, hitting $42.36. 480,219 shares of the stock were exchanged, compared to its average volume of 181,303. Sturm, Ruger & Company, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $43.20. The business has a 50-day moving average of $35.39 and a 200-day moving average of $36.77. The firm has a market capitalization of $684.59 million, a P/E ratio of 136.65 and a beta of 0.10.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. The company had revenue of $132.49 million during the quarter, compared to analysts' expectations of $121.99 million. During the same period in the prior year, the company posted $0.47 earnings per share. Sturm, Ruger & Company, Inc.'s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.16 per share. The ex-dividend date was Friday, August 15th. This represents a $0.64 annualized dividend and a dividend yield of 1.5%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is 206.45%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RGR. GAMMA Investing LLC boosted its stake in Sturm, Ruger & Company, Inc. by 748.1% during the 1st quarter. GAMMA Investing LLC now owns 653 shares of the company's stock valued at $26,000 after purchasing an additional 576 shares during the last quarter. Byrne Asset Management LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 115.1% during the first quarter. Byrne Asset Management LLC now owns 968 shares of the company's stock valued at $38,000 after buying an additional 518 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 18,642.9% during the first quarter. Parallel Advisors LLC now owns 1,312 shares of the company's stock valued at $52,000 after buying an additional 1,305 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Sturm, Ruger & Company, Inc. by 506.1% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,400 shares of the company's stock worth $55,000 after buying an additional 1,169 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Sturm, Ruger & Company, Inc. by 159.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,422 shares of the company's stock worth $56,000 after buying an additional 874 shares in the last quarter. 64.00% of the stock is owned by institutional investors.

About Sturm, Ruger & Company, Inc.

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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