Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• Shares passed above its 200‑day moving average — the 200‑day MA is $37.59; the stock traded as high as $43.63 and last at about $42.85 on ~109,000 shares.
• Analyst sentiment is mixed: one Buy and two Sell ratings leave an average MarketBeat rating of "Reduce" with an average price target of $43.00.
• The company reported quarterly EPS of $0.26 (missed $0.32 est.) but revenue beat at $151.06M, and it doubled the quarterly dividend to $0.08 (annualized $0.32, ~0.7% yield).

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $37.59 and traded as high as $43.63. Sturm, Ruger & Company, Inc. shares last traded at $42.8470, with a volume of 109,001 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on RGR shares. Lake Street Capital increased their price target on Sturm, Ruger & Company, Inc. from $41.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, March 3rd. Weiss Ratings reiterated a "sell (d+)" rating on shares of Sturm, Ruger & Company, Inc. in a research report on Friday, March 27th. Finally, Zacks Research downgraded shares of Sturm, Ruger & Company, Inc. from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 5th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and an average price target of $43.00.

Sturm, Ruger & Company, Inc. Stock Down 0.6%

The business's 50-day moving average price is $40.10 and its 200 day moving average price is $37.59. The company has a market capitalization of $682.98 million, a P/E ratio of -153.03 and a beta of 0.15.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.06). The business had revenue of $151.06 million during the quarter, compared to analysts' expectations of $139.24 million. Sturm, Ruger & Company, Inc. had a positive return on equity of 6.93% and a negative net margin of 0.80%.The company's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. Analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.08 per share. This is an increase from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.04. This represents a $0.32 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, March 16th. Sturm, Ruger & Company, Inc.'s dividend payout ratio is presently -114.29%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the fourth quarter valued at approximately $9,486,000. Jane Street Group LLC bought a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter worth about $8,011,000. UBS Group AG raised its position in Sturm, Ruger & Company, Inc. by 31.1% in the 3rd quarter. UBS Group AG now owns 514,510 shares of the company's stock worth $22,366,000 after buying an additional 122,111 shares during the last quarter. HRT Financial LP purchased a new position in Sturm, Ruger & Company, Inc. in the 4th quarter worth about $3,805,000. Finally, Two Sigma Investments LP lifted its stake in Sturm, Ruger & Company, Inc. by 118.7% during the 3rd quarter. Two Sigma Investments LP now owns 198,936 shares of the company's stock valued at $8,648,000 after acquiring an additional 107,977 shares during the period. Institutional investors own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Company Profile

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.

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