Christopher John Killoy Sells 8,583 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Christopher John Killoy sold 8,583 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $37.01, for a total value of $317,656.83. Following the completion of the transaction, the director now owns 41,559 shares of the company’s stock, valued at $1,538,098.59. The trade was a 17.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Sturm, Ruger & Company, Inc. Stock Down 0.1%

RGR stock opened at $37.79 on Friday. The business has a 50 day moving average price of $37.18 and a 200 day moving average price of $37.19. The stock has a market cap of $625.61 million, a price-to-earnings ratio of 21.35 and a beta of 0.11. Sturm, Ruger & Company, Inc. has a fifty-two week low of $32.74 and a fifty-two week high of $46.40.

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

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Friday, May 16th. Sturm, Ruger & Company, Inc.’s payout ratio is 39.34%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Sturm, Ruger & Company, Inc. from a “hold” rating to a “buy” rating in a research note on Friday, May 30th.

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

Several institutional investors have recently added to or reduced their stakes in the business. Caxton Associates LLP purchased a new stake in Sturm, Ruger & Company, Inc. during the first quarter worth approximately $492,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 buying an additional 390 shares during the period. AQR Capital Management LLC increased its position in Sturm, Ruger & Company, Inc. by 239.4% during the first quarter. AQR Capital Management LLC now owns 100,834 shares of the company’s stock worth $3,962,000 after buying an additional 71,128 shares during the period. Ancora Advisors LLC increased its position in Sturm, Ruger & Company, Inc. by 42.1% during the first quarter. Ancora Advisors LLC now owns 18,679 shares of the company’s stock worth $734,000 after buying an additional 5,537 shares during the period. Finally, PDT Partners LLC acquired a new position in Sturm, Ruger & Company, Inc. during the first quarter worth approximately $315,000. Hedge funds and other institutional investors own 64.00% of the company’s stock.

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.