Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Sturm, Ruger shares crossed above their 200‑day moving average; the 200‑day MA is $37.66 and the stock traded as high as $42.45, last at $41.9050 on volume of 150,186.
• Analysts are mixed—one Buy and two Sell ratings—leaving a MarketBeat consensus of "Reduce" with a $43.00 price target.
• The company posted quarterly EPS of $0.26 (missed consensus by $0.06) but revenue beat at $151.06M (+3.6% YoY), and it doubled the quarterly dividend to $0.08 (annualized $0.32, 0.8% yield).

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $37.66 and traded as high as $42.45. Sturm, Ruger & Company, Inc. shares last traded at $41.9050, with a volume of 150,186 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Lake Street Capital lifted their price objective on shares of Sturm, Ruger & Company, Inc. from $41.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, March 3rd. Weiss Ratings reissued a "sell (d+)" rating on shares of Sturm, Ruger & Company, Inc. in a report on Friday, March 27th. Finally, Zacks Research lowered shares of Sturm, Ruger & Company, Inc. from a "hold" rating to a "strong sell" rating in a report on Thursday, March 5th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Sturm, Ruger & Company, Inc. has a consensus rating of "Reduce" and a consensus price target of $43.00.

Sturm, Ruger & Company, Inc. Price Performance

The company's fifty day simple moving average is $39.48 and its 200-day simple moving average is $37.66. The firm has a market capitalization of $668.13 million, a PE ratio of -149.66 and a beta of 0.15.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its quarterly earnings results on Monday, March 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). Sturm, Ruger & Company, Inc. had a positive return on equity of 6.93% and a negative net margin of 0.80%.The firm had revenue of $151.06 million during the quarter, compared to analysts' expectations of $139.24 million. During the same period in the prior year, the firm posted $0.62 earnings per share. Sturm, Ruger & Company, Inc.'s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts anticipate 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 Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.08 dividend. 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 yield of 0.8%. The ex-dividend date of this dividend was Monday, March 16th. Sturm, Ruger & Company, Inc.'s dividend payout ratio is presently -114.29%.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of Sturm, Ruger & Company, Inc. by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 6,002 shares of the company's stock worth $215,000 after acquiring an additional 299 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Sturm, Ruger & Company, Inc. by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company's stock worth $384,000 after purchasing an additional 390 shares in the last quarter. Nebula Research & Development LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 2.6% during the second quarter. Nebula Research & Development LLC now owns 15,405 shares of the company's stock worth $553,000 after purchasing an additional 391 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Sturm, Ruger & Company, Inc. by 4.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,625 shares of the company's stock worth $347,000 after purchasing an additional 432 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 4.9% during the third quarter. Ballentine Partners LLC now owns 9,507 shares of the company's stock worth $413,000 after purchasing an additional 442 shares in the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

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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