Insider Selling: Sturm Ruger & Company Inc (NYSE:RGR) VP Sells $151,780.00 in Stock

Sturm Ruger & Company Inc (NYSE:RGR) VP Shawn Christopher Leska sold 2,000 shares of Sturm Ruger & Company Inc stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $75.89, for a total transaction of $151,780.00. Following the sale, the vice president now owns 19,131 shares of the company’s stock, valued at approximately $1,451,851.59. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of RGR opened at $81.37 on Friday. Sturm Ruger & Company Inc has a 1-year low of $38.44 and a 1-year high of $83.11. The company has a 50-day moving average of $74.86 and a 200 day moving average of $58.55. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 30.71 and a beta of 0.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.23 and a quick ratio of 3.94.

Sturm Ruger & Company Inc (NYSE:RGR) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.18). Sturm Ruger & Company Inc had a net margin of 10.34% and a return on equity of 16.36%. The company had revenue of $130.30 million for the quarter, compared to the consensus estimate of $167.06 million. The company’s revenue for the quarter was up 35.3% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $5.00 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $20.00 annualized dividend and a dividend yield of 24.58%. This is a positive change from Sturm Ruger & Company Inc’s previous quarterly dividend of $0.35.

Several large investors have recently bought and sold shares of the company. Comerica Bank raised its holdings in shares of Sturm Ruger & Company Inc by 8.6% in the 2nd quarter. Comerica Bank now owns 17,545 shares of the company’s stock valued at $1,350,000 after purchasing an additional 1,384 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Sturm Ruger & Company Inc in the 2nd quarter valued at about $443,000. GWM Advisors LLC bought a new stake in shares of Sturm Ruger & Company Inc in the 2nd quarter valued at about $390,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Sturm Ruger & Company Inc by 66.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,457 shares of the company’s stock valued at $187,000 after purchasing an additional 985 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Sturm Ruger & Company Inc by 9.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,631 shares of the company’s stock valued at $352,000 after purchasing an additional 385 shares in the last quarter. Institutional investors and hedge funds own 68.31% of the company’s stock.

A number of equities research analysts recently weighed in on RGR shares. TheStreet upgraded shares of Sturm Ruger & Company Inc from a “c” rating to a “b-” rating in a report on Thursday, April 23rd. Lake Street Capital lifted their price objective on shares of Sturm Ruger & Company Inc from $80.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, July 8th.

Sturm Ruger & Company Inc Company Profile

Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates in two segments, Firearms and Castings. It offers single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts.

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Insider Buying and Selling by Quarter for Sturm Ruger & Company Inc (NYSE:RGR)

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