Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Sells $48,960.00 in Stock

Key Points

• Director Christopher John Killoy sold 1,224 shares of Sturm, Ruger & Company, Inc. stock for a total of $48,960, reducing his ownership by 3.20% to 37,025 shares.
• Sturm, Ruger reported earnings of $0.41 per share for the latest quarter, exceeding analysts' expectations of $0.38, with revenue up 1.3% year-over-year to $132.49 million.
• The company has a dividend payout ratio of 206.45% and recently paid a quarterly dividend of $0.16, despite cutting its dividend yield to 1.5%.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) Director Christopher John Killoy sold 1,224 shares of the company's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $40.00, for a total transaction of $48,960.00. Following the sale, the director directly owned 37,025 shares of the company's stock, valued at $1,481,000. This represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, September 22nd, Christopher John Killoy sold 8,776 shares of Sturm, Ruger & Company, Inc. stock. The shares were sold at an average price of $40.00, for a total value of $351,040.00.

Sturm, Ruger & Company, Inc. Stock Up 5.0%

Shares of RGR traded up $2.00 during trading hours on Tuesday, reaching $42.36. The company's stock had a trading volume of 480,219 shares, compared to its average volume of 181,303. The firm has a market cap of $684.59 million, a price-to-earnings ratio of 136.65 and a beta of 0.10. Sturm, Ruger & Company, Inc. has a 1-year low of $31.64 and a 1-year high of $43.20. The company has a 50 day moving average of $35.39 and a two-hundred day moving average of $36.77.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.The company had revenue of $132.49 million for the quarter, compared to the consensus estimate of $121.99 million. During the same quarter in the prior year, the company earned $0.47 EPS. The firm's quarterly revenue was up 1.3% on a year-over-year basis. As a group, analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 15th. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 206.45%.

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

Several large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in Sturm, Ruger & Company, Inc. by 71.7% in the fourth quarter. Wellington Management Group LLP now owns 411,918 shares of the company's stock valued at $14,570,000 after acquiring an additional 172,055 shares during the period. AQR Capital Management LLC raised its stake in shares of 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 buying an additional 71,128 shares during the period. Nuveen LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. in the first quarter valued at $2,223,000. American Century Companies Inc. grew its position in Sturm, Ruger & Company, Inc. by 27.1% during the second quarter. American Century Companies Inc. now owns 202,284 shares of the company's stock worth $7,262,000 after buying an additional 43,079 shares in the last quarter. Finally, Aurora Private Wealth Inc. purchased a new position in Sturm, Ruger & Company, Inc. during the first quarter worth about $1,570,000. Institutional investors and hedge funds own 64.00% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Sturm, Ruger & Company, Inc. from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th.

Sturm, Ruger & Company, Inc. Company Profile

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.

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