Sturm, Ruger & Company, Inc. (NYSE:RGR) Increases Dividend to $0.21 Per Share

Sturm, Ruger & Company, Inc. (NYSE:RGR) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Friday, August 14th will be given a dividend of 0.21 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 14th. This is a 90.9% increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11.

Sturm, Ruger & Company, Inc. has decreased its dividend payment by an average of 0.4%per year over the last three years. Sturm, Ruger & Company, Inc. has a dividend payout ratio of 19.4% meaning its dividend is sufficiently covered by earnings.

Sturm, Ruger & Company, Inc. Price Performance

Shares of RGR stock opened at $37.87 on Thursday. The firm’s 50-day moving average is $38.74 and its two-hundred day moving average is $39.08. Sturm, Ruger & Company, Inc. has a 12 month low of $28.33 and a 12 month high of $48.21. The company has a market capitalization of $603.62 million, a PE ratio of -51.87 and a beta of 0.17.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.42 by $0.10. The firm had revenue of $158.06 million for the quarter, compared to analyst estimates of $128.54 million. Sturm, Ruger & Company, Inc. had a negative net margin of 2.18% and a positive return on equity of 5.96%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. Sell-side analysts forecast that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current year.

Insiders Place Their Bets

In other Sturm, Ruger & Company, Inc. news, Director Phillip Widman bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average price of $38.00 per share, with a total value of $190,000.00. Following the completion of the acquisition, the director directly owned 45,208 shares of the company’s stock, valued at $1,717,904. This represents a 12.44% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd William Seyfert purchased 1,500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of $39.15 per share, with a total value of $58,725.00. Following the completion of the acquisition, the chief executive officer directly owned 1,500 shares in the company, valued at $58,725. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 7,500 shares of company stock worth $288,615 in the last 90 days. Corporate insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RGR. Kestra Advisory Services LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at $25,000. Group One Trading LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the 1st quarter valued at about $33,000. Flagship Harbor Advisors LLC purchased a new position in Sturm, Ruger & Company, Inc. during the 4th quarter worth approximately $29,000. Parallel Advisors LLC lifted its stake in Sturm, Ruger & Company, Inc. by 176.5% in the third quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock valued at $49,000 after buying an additional 720 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Sturm, Ruger & Company, Inc. by 158.2% during the fourth quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock worth $40,000 after acquiring an additional 745 shares during the last quarter. 64.00% of the stock is owned by institutional investors and hedge funds.

Sturm, Ruger & Company, Inc. Company Profile

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.