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

Key Points

• Insider sale: VP Michael Wilson sold 628 Sturm, Ruger shares for approximately $28,555 at an average price of $45.47 under a pre-arranged Rule 10b5-1 plan.
• Stock performance: RGR shares rose 1.0% to $46.79, with a market capitalization of about $747.6 million and a 12-month trading range of $28.33 to $50.84.
• Financials and outlook: The company exceeded quarterly EPS and revenue expectations, reporting $0.52 EPS and $158.06 million in revenue, up 19.3% year over year. Analysts’ consensus rating remains Hold, with an average price target of $46.00.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) VP Michael Wilson sold 628 shares of the business's stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $45.47, for a total value of $28,555.16. The transaction was disclosed in a document filed with the SEC, which is accessible 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 mid-day trading on Wednesday, reaching $46.79. The stock had a trading volume of 237,331 shares, compared to its average volume of 203,035. The firm has a market cap of $747.61 million, a PE ratio of 62.40 and a beta of 0.15. The firm has a 50 day simple moving average of $41.35 and a two-hundred day simple moving average of $39.55. Sturm, Ruger & Company, Inc. has a twelve month low of $28.33 and a twelve month high of $50.84.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.10. The firm 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 business's revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share. On average, equities analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Sturm, Ruger & Company, Inc. during the 2nd quarter worth about $49,541,000. Wellington Management Group LLP lifted its holdings 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 purchasing an additional 71,423 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 397,446 shares of the company's stock valued at $15,933,000 after purchasing an additional 27,107 shares in the last quarter. JRM Investment Counsel LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. during the first quarter worth about $15,916,000. Finally, Royal Bank of Canada boosted its position in shares of 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 buying an additional 9,999 shares during the period. 64.00% of the stock is currently owned by institutional investors and hedge funds.

About Sturm, Ruger & Company, Inc.

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.

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