Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $37.45 and traded as high as $39.23. Sturm, Ruger & Company, Inc. shares last traded at $38.86, with a volume of 125,081 shares traded.
Analysts Set New Price Targets
Several brokerages have issued reports on RGR. Lake Street Capital restated a "buy" rating and issued a $46.00 price target on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday, May 7th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Sturm, Ruger & Company, Inc. in a report on Friday, March 27th. Finally, Zacks Research upgraded shares of Sturm, Ruger & Company, Inc. from a "strong sell" rating to a "hold" rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $46.00.
Get Our Latest Research Report on Sturm, Ruger & Company, Inc.
Sturm, Ruger & Company, Inc. Stock Performance
The stock has a market capitalization of $619.43 million, a price-to-earnings ratio of -53.23 and a beta of 0.18. The company has a fifty day simple moving average of $40.50 and a 200 day simple moving average of $37.45.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.07). The company had revenue of $141.36 million for the quarter, compared to analyst estimates of $137.26 million. Sturm, Ruger & Company, Inc. had a positive return on equity of 5.96% and a negative net margin of 2.18%.The firm's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 earnings per share. As a group, equities analysts predict that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current fiscal year.
Sturm, Ruger & Company, Inc. Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were given a $0.11 dividend. This is an increase from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, May 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.1%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is presently -60.27%.
Insider Transactions at Sturm, Ruger & Company, Inc.
In other news, Director Phillip Widman purchased 5,000 shares of the company's stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average price of $38.00 per share, for a total transaction of $190,000.00. Following the transaction, the director owned 45,208 shares of the company's stock, valued at approximately $1,717,904. This trade represents a 12.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Todd William Seyfert purchased 1,500 shares of the company's stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $39.15 per share, for a total transaction of $58,725.00. Following the transaction, the chief executive officer directly owned 1,500 shares in the company, valued at approximately $58,725. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 7,500 shares of company stock worth $288,615. Company insiders own 4.60% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Deprince Race & Zollo Inc. lifted its stake in shares of Sturm, Ruger & Company, Inc. by 138.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 93,169 shares of the company's stock valued at $3,042,000 after purchasing an additional 54,052 shares during the period. Gabelli Funds LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at about $1,095,000. Gamco Investors INC. ET AL acquired a new position in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at about $1,290,000. Allianz Asset Management GmbH lifted its stake in shares of Sturm, Ruger & Company, Inc. by 232.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 37,411 shares of the company's stock valued at $1,626,000 after purchasing an additional 26,145 shares during the period. Finally, O Brien Greene & Co. Inc acquired a new position in shares of Sturm, Ruger & Company, Inc. during the 4th quarter valued at $457,000. 64.00% of the stock is owned by institutional investors and hedge funds.
About Sturm, Ruger & Company, Inc.
(
Get Free Report)
Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.
The company's product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Sturm, Ruger & Company, Inc., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sturm, Ruger & Company, Inc. wasn't on the list.
While Sturm, Ruger & Company, Inc. currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
