Sturm, Ruger & Company, Inc. Plans Quarterly Dividend of $0.16 (NYSE:RGR)

Key Points

• Sturm, Ruger & Company, Inc. has declared a quarterly dividend of $0.16 per share, representing an annualized dividend of $0.64 and a yield of 1.84% for shareholders of record on August 15th.
• The company reported a quarterly EPS of $0.41, missing estimates by $0.10, and had a net margin of 5.84% with a return on equity of 9.78%.
• Sturm, Ruger & Company, Inc. has seen insider selling activity, including a 17.12% decrease in ownership from Director Christopher John Killoy, who sold 8,583 shares.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Stockholders of record on Friday, August 15th will be given a dividend of 0.16 per share on Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 15th.

Sturm, Ruger & Company, Inc. has a payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings.

Sturm, Ruger & Company, Inc. Stock Down 7.1%

Shares of RGR traded down $2.44 during trading hours on Friday, hitting $31.72. 424,959 shares of the company were exchanged, compared to its average volume of 173,077. The company has a market cap of $525.12 million, a price-to-earnings ratio of 102.32 and a beta of 0.10. Sturm, Ruger & Company, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $43.43. The firm's fifty day moving average is $35.97 and its 200 day moving average is $37.14.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. The business had revenue of $132.49 million for 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%. Sturm, Ruger & Company, Inc.'s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. Analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Insider Activity at Sturm, Ruger & Company, Inc.

In related news, Director Christopher John Killoy sold 8,583 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $37.01, for a total value of $317,656.83. Following the transaction, the director directly owned 41,559 shares in the company, valued at $1,538,098.59. This trade represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Sarah F. Colbert sold 8,000 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $35.80, for a total value of $286,400.00. Following the completion of the transaction, the vice president owned 564 shares in the company, valued at approximately $20,191.20. This represents a 93.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted 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 valued at $26,000 after buying an additional 576 shares during the last quarter. Byrne Asset Management LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 115.1% during the 1st 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 lifted its position in shares of 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 valued at $52,000 after buying an additional 1,305 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of 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 buying an additional 1,169 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Sturm, Ruger & Company, Inc. by 159.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,422 shares of the company's stock worth $56,000 after purchasing an additional 874 shares in the last quarter. Hedge funds and other institutional investors own 64.00% of the company's stock.

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.