Insider Selling: Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Sells 8,583 Shares of Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) Director Christopher John Killoy sold 8,583 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were 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 in the company, valued at $1,538,098.59. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sturm, Ruger & Company, Inc. Stock Performance

RGR stock traded up $0.15 during mid-day trading on Wednesday, hitting $37.87. The company had a trading volume of 130,872 shares, compared to its average volume of 160,081. The firm has a market cap of $626.90 million, a PE ratio of 21.39 and a beta of 0.11. Sturm, Ruger & Company, Inc. has a 12 month low of $32.74 and a 12 month high of $46.40. The stock's fifty day moving average price is $37.19 and its two-hundred day moving average price is $37.19.

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

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.90%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is presently 39.34%.

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

Several large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted 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 position in Sturm, Ruger & Company, Inc. in the 4th quarter worth approximately $3,493,000. Dimensional Fund Advisors LP boosted its holdings in Sturm, Ruger & Company, Inc. by 119.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company's stock worth $6,284,000 after buying an additional 96,703 shares during the period. AQR Capital Management LLC grew its stake in Sturm, Ruger & Company, Inc. by 239.4% in the 1st quarter. AQR Capital Management LLC now owns 100,834 shares of the company's stock valued at $3,962,000 after buying an additional 71,128 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Sturm, Ruger & Company, Inc. during the 1st quarter valued at $2,223,000. Hedge funds and other institutional investors own 64.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.