Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• RGR crossed above its 200-day moving average (200‑day MA $37.66), trading as high as $41.68 and last at $40.04 on volume of 165,781 shares.
• Analyst sentiment is mixed — one Buy and two Sell ratings — with a MarketBeat average rating of Reduce and an average target price of $43.00.
• The company missed EPS expectations ($0.26 vs. $0.32) while beating revenue estimates ($151.06M), and it doubled its quarterly dividend to $0.08 (annualized $0.32, ~0.8% yield).

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $37.66 and traded as high as $41.68. Sturm, Ruger & Company, Inc. shares last traded at $40.0370, with a volume of 165,781 shares traded.

Wall Street Analyst Weigh In

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

Sturm, Ruger & Company, Inc. Stock Performance

The stock's 50 day moving average price is $38.29 and its 200 day moving average price is $37.66. The company has a market capitalization of $638.19 million, a P/E ratio of -142.99 and a beta of 0.19.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its earnings results on Monday, March 2nd. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.06). The firm had revenue of $151.06 million for the quarter, compared to the consensus estimate 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%.Sturm, Ruger & Company, Inc.'s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. On average, analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $0.08 dividend. This is a boost from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is -114.29%.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new stake in Sturm, Ruger & Company, Inc. during the fourth quarter worth approximately $25,000. Flagship Harbor Advisors LLC acquired a new position in Sturm, Ruger & Company, Inc. in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 158.2% during the 4th quarter. GAMMA Investing LLC now owns 1,216 shares of the company's stock worth $40,000 after buying an additional 745 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 176.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,128 shares of the company's stock worth $49,000 after buying an additional 720 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 259.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company's stock worth $56,000 after buying an additional 1,132 shares in the last quarter. 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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