Phillip Widman Buys 5,000 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Phillip Widman acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of $38.00 per share, with a total value of $190,000.00. Following the transaction, the director directly owned 45,208 shares in the company, valued at $1,717,904. The trade was a 12.44% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Sturm, Ruger & Company, Inc. Price Performance

Shares of NYSE RGR traded up $1.06 during trading hours on Wednesday, hitting $39.21. 134,151 shares of the company’s stock were exchanged, compared to its average volume of 174,339. Sturm, Ruger & Company, Inc. has a 1-year low of $28.33 and a 1-year high of $48.21. The stock has a market capitalization of $625.08 million, a price-to-earnings ratio of -53.75 and a beta of 0.21. The company’s 50-day moving average price is $40.44 and its 200-day moving average price is $37.26.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.07). Sturm, Ruger & Company, Inc. had a positive return on equity of 5.96% and a negative net margin of 2.18%.The business had revenue of $141.36 million for the quarter, compared to analyst estimates of $137.26 million. During the same period in the prior year, the firm posted $0.46 EPS. Sturm, Ruger & Company, Inc.’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, research analysts expect that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.1%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. Sturm, Ruger & Company, Inc.’s payout ratio is presently -60.27%.

Analyst Ratings Changes

RGR has been the subject of several recent research reports. Zacks Research raised Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Friday, March 27th. Finally, Lake Street Capital restated a “buy” rating and set a $46.00 price target on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $46.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 239.4% in the 1st quarter. AQR Capital Management LLC now owns 100,834 shares of the company’s stock worth $3,962,000 after purchasing an additional 71,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Sturm, Ruger & Company, Inc. by 4.2% in the 1st 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 during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sturm, Ruger & Company, Inc. by 21.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 83,236 shares of the company’s stock worth $2,988,000 after purchasing an additional 14,687 shares during the last quarter. Invesco Ltd. boosted its position in shares of Sturm, Ruger & Company, Inc. by 3.7% in the 2nd quarter. Invesco Ltd. now owns 160,619 shares of the company’s stock worth $5,766,000 after purchasing an additional 5,747 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Sturm, Ruger & Company, Inc. by 259.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock worth $56,000 after buying an additional 1,132 shares during the period. 64.00% of the stock is currently owned by institutional investors.

About Sturm, Ruger & Company, Inc.

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.