Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Sarah F. Colbert Sells 8,000 Shares

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) VP Sarah F. Colbert sold 8,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $35.80, for a total transaction of $286,400.00. Following the completion of the sale, the vice president now owns 564 shares of the company's stock, valued at approximately $20,191.20. The trade was a 93.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE RGR traded up $0.13 during trading hours on Friday, hitting $35.90. The stock had a trading volume of 128,347 shares, compared to its average volume of 159,610. The firm's 50-day moving average price is $37.24 and its two-hundred day moving average price is $37.20. Sturm, Ruger & Company, Inc. has a 52 week low of $32.74 and a 52 week high of $46.40. The company has a market capitalization of $594.32 million, a P/E ratio of 20.28 and a beta of 0.11.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.19). The business had revenue of $135.74 million during the quarter, compared to analyst estimates of $148.05 million. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. Sturm, Ruger & Company, Inc.'s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. As a group, analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Friday, May 16th. Sturm, Ruger & Company, Inc.'s payout ratio is presently 39.34%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Sturm, Ruger & Company, Inc. from a "hold" rating to a "buy" rating in a research report on Friday, May 30th.

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

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its position in shares of Sturm, Ruger & Company, Inc. by 12.6% in the fourth quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company's stock worth $7,174,000 after buying an additional 22,736 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Sturm, Ruger & Company, Inc. by 40.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 53,048 shares of the company's stock valued at $1,876,000 after acquiring an additional 15,386 shares in the last quarter. Millennium Management LLC raised its stake in shares of Sturm, Ruger & Company, Inc. by 19.4% in the 4th quarter. Millennium Management LLC now owns 98,102 shares of the company's stock valued at $3,470,000 after acquiring an additional 15,928 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter worth approximately $481,000. Finally, Inceptionr LLC bought a new stake in Sturm, Ruger & Company, Inc. during the fourth quarter worth approximately $321,000. 64.00% of the stock is currently owned by institutional investors.

About Sturm, Ruger & Company, Inc.

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.