Insider Selling: Sturm, Ruger & Company, Inc. (NYSE:RGR) CEO Sells 554 Shares of Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) CEO Christopher John Killoy sold 554 shares of Sturm, Ruger & Company, Inc. stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $47.00, for a total transaction of $26,038.00. Following the sale, the chief executive officer now owns 49,145 shares in the company, valued at approximately $2,309,815. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, April 5th, Christopher John Killoy sold 3,170 shares of Sturm, Ruger & Company, Inc. stock. The shares were sold at an average price of $47.00, for a total transaction of $148,990.00.
• On Friday, March 8th, Christopher John Killoy sold 3,664 shares of Sturm, Ruger & Company, Inc. stock. The shares were sold at an average price of $45.03, for a total transaction of $164,989.92.

Sturm, Ruger & Company, Inc. Trading Down 0.9 %

RGR traded down $0.42 during trading hours on Tuesday, hitting $47.19. The company's stock had a trading volume of 198,506 shares, compared to its average volume of 157,559. The business's 50-day moving average price is $44.55 and its 200-day moving average price is $46.33. Sturm, Ruger & Company, Inc. has a 12 month low of $42.00 and a 12 month high of $59.47. The stock has a market cap of $833.56 million, a price-to-earnings ratio of 17.27 and a beta of 0.32.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.09). Sturm, Ruger & Company, Inc. had a return on equity of 14.59% and a net margin of 8.87%. The business had revenue of $130.60 million during the quarter, compared to the consensus estimate of $133.75 million. During the same quarter in the prior year, the firm posted $1.06 EPS. The company's revenue for the quarter was down 12.5% on a year-over-year basis. On average, analysts forecast that Sturm, Ruger & Company, Inc. will post 3.87 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.95%. The ex-dividend date was Thursday, March 14th. This is a boost from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.17. Sturm, Ruger & Company, Inc.'s payout ratio is currently 33.82%.

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

Several large investors have recently bought and sold shares of RGR. Norges Bank bought a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter worth $8,259,000. Goldman Sachs Group Inc. boosted its stake in Sturm, Ruger & Company, Inc. by 212.9% during the first quarter. Goldman Sachs Group Inc. now owns 156,343 shares of the company's stock worth $10,885,000 after buying an additional 106,379 shares during the period. First Trust Advisors LP boosted its stake in Sturm, Ruger & Company, Inc. by 42.6% during the first quarter. First Trust Advisors LP now owns 274,877 shares of the company's stock worth $15,789,000 after buying an additional 82,171 shares during the period. Lazard Asset Management LLC boosted its stake in Sturm, Ruger & Company, Inc. by 1,778.9% during the first quarter. Lazard Asset Management LLC now owns 62,736 shares of the company's stock worth $4,367,000 after buying an additional 59,397 shares during the period. Finally, BlackRock Inc. boosted its stake in Sturm, Ruger & Company, Inc. by 2.0% during the first quarter. BlackRock Inc. now owns 2,848,464 shares of the company's stock worth $198,308,000 after buying an additional 55,793 shares during the period. Institutional investors own 64.00% of the company's stock.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.