Sturm, Ruger & Company, Inc. (NYSE:RGR) Sets New 52-Week High - Here's Why

Key Points

• Sturm, Ruger & Company, Inc. shares reached a new 52-week high at $45.34, with a trading volume of 171,920 shares.
• The company reported $0.41 earnings per share for its last quarter, surpassing estimates, but its average rating from analysts is currently a Sell.
• Sturm, Ruger recently announced a quarterly dividend of $0.16 per share, which reflects a high dividend payout ratio of 206.45%.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $45.34 and last traded at $45.28, with a volume of 171920 shares traded. The stock had previously closed at $45.05.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Sturm, Ruger & Company, Inc. from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Weiss Ratings restated a "sell (d+)" rating on shares of Sturm, Ruger & Company, Inc. in a research note on Saturday, September 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sturm, Ruger & Company, Inc. has an average rating of "Sell".

Sturm, Ruger & Company, Inc. Price Performance

The firm's fifty day moving average price is $36.86 and its 200-day moving average price is $36.97. The firm has a market capitalization of $731.74 million, a P/E ratio of 146.07 and a beta of 0.09.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. The business had revenue of $132.49 million during the quarter, compared to analysts' expectations of $121.99 million. Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. The business's revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. Analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.16 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.64 annualized dividend and a dividend yield of 1.4%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is 206.45%.

Insider Activity

In related news, Director Christopher John Killoy sold 8,776 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $40.00, for a total transaction of $351,040.00. Following the completion of the sale, the director directly owned 28,249 shares in the company, valued at approximately $1,129,960. This trade represents a 23.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.60% of the stock is owned by company insiders.

Institutional Trading of Sturm, Ruger & Company, Inc.

A number of large investors have recently added to or reduced their stakes in RGR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Sturm, Ruger & Company, Inc. by 24.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,921 shares of the company's stock worth $1,341,000 after buying an additional 7,531 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 33,219.5% in the 1st quarter. GAMMA Investing LLC now owns 25,656 shares of the company's stock valued at $1,008,000 after acquiring an additional 25,579 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 18,642.9% in the 1st quarter. Parallel Advisors LLC now owns 1,312 shares of the company's stock valued at $52,000 after acquiring an additional 1,305 shares in the last quarter. Byrne Asset Management LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 115.1% in the 1st quarter. Byrne Asset Management LLC now owns 968 shares of the company's stock valued at $38,000 after acquiring an additional 518 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 1.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 52,011 shares of the company's stock valued at $2,044,000 after acquiring an additional 538 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors.

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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