Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Sells $90,280.00 in Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Sarah F. Colbert sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $45.14, for a total value of $90,280.00. Following the sale, the vice president now directly owns 32,080 shares of the company’s stock, valued at $1,448,091.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Sturm, Ruger & Company, Inc. Stock Performance

RGR stock opened at $43.28 on Friday. Sturm, Ruger & Company, Inc. has a one year low of $40.67 and a one year high of $56.20. The stock has a market capitalization of $753.07 million, a PE ratio of 18.74 and a beta of 0.22. The company has a fifty day moving average of $42.63 and a 200-day moving average of $44.05.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.44). Sturm, Ruger & Company, Inc. had a net margin of 7.71% and a return on equity of 12.30%. The firm had revenue of $136.80 million during the quarter, compared to analyst estimates of $153.40 million. During the same quarter in the previous year, the business earned $0.81 EPS. Sturm, Ruger & Company, Inc.’s revenue for the quarter was down 8.5% on a year-over-year basis. Equities analysts forecast that Sturm, Ruger & Company, Inc. will post 3.87 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 20th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.48%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is presently 27.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 187.0% during the 1st quarter. CWM LLC now owns 1,346 shares of the company’s stock worth $62,000 after purchasing an additional 877 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Sturm, Ruger & Company, Inc. by 28.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,618 shares of the company’s stock valued at $74,000 after purchasing an additional 355 shares during the period. Advisory Services Network LLC purchased a new stake in Sturm, Ruger & Company, Inc. during the fourth quarter worth about $182,000. EntryPoint Capital LLC acquired a new position in Sturm, Ruger & Company, Inc. during the first quarter worth about $228,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Sturm, Ruger & Company, Inc. by 12.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,912 shares of the company’s stock valued at $319,000 after buying an additional 762 shares in the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital raised Sturm, Ruger & Company, Inc. to a “strong-buy” rating in a report on Wednesday, May 8th.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.