Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Christopher John Killoy Sells 8,583 Shares

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) Director Christopher John Killoy sold 8,583 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Monday, June 9th. The stock was sold at an average price of $37.01, for a total transaction of $317,656.83. Following the transaction, the director now directly owns 41,559 shares of the company's stock, valued at approximately $1,538,098.59. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

Shares of RGR traded down $0.35 during midday trading on Friday, reaching $37.51. 150,296 shares of the stock were exchanged, compared to its average volume of 160,463. The stock's 50 day simple moving average is $37.18 and its 200 day simple moving average is $37.19. The company has a market cap of $620.99 million, a P/E ratio of 21.19 and a beta of 0.11. Sturm, Ruger & Company, Inc. has a twelve month low of $32.74 and a twelve month high of $46.40.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The business had revenue of $135.74 million during the quarter, compared to the consensus estimate of $148.05 million. During the same period in the prior year, the firm earned $0.40 EPS. The business's revenue for the quarter was down .8% on a year-over-year basis. As a group, analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Friday, May 16th. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 39.34%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Sturm, Ruger & Company, Inc. from a "hold" rating to a "buy" rating in a research report on Friday, May 30th.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RGR. Wellington Management Group LLP lifted its position in Sturm, Ruger & Company, Inc. by 71.7% during the fourth quarter. Wellington Management Group LLP now owns 411,918 shares of the company's stock worth $14,570,000 after purchasing an additional 172,055 shares during the period. Norges Bank bought a new stake in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth $3,493,000. Dimensional Fund Advisors LP boosted its stake in Sturm, Ruger & Company, Inc. by 119.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company's stock valued at $6,284,000 after buying an additional 96,703 shares in the last quarter. AQR Capital Management LLC grew its position in Sturm, Ruger & Company, Inc. by 239.4% in the first quarter. AQR Capital Management LLC now owns 100,834 shares of the company's stock valued at $3,962,000 after acquiring an additional 71,128 shares during the last quarter. Finally, Nuveen LLC bought a new position in Sturm, Ruger & Company, Inc. in the first quarter valued at about $2,223,000. 64.00% of the stock is owned by institutional investors and hedge funds.

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.