Sturm, Ruger & Company, Inc. (NYSE:RGR) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $37.45 and traded as high as $39.23. Sturm, Ruger & Company, Inc. shares last traded at $38.86, with a volume of 125,081 shares.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Zacks Research raised shares of Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Lake Street Capital reissued a “buy” rating and set a $46.00 price objective on shares of Sturm, Ruger & Company, Inc. in a report on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.00.

Sturm, Ruger & Company, Inc. Trading Up 1.0%

The business’s fifty day moving average price is $40.46 and its 200 day moving average price is $37.59. The firm has a market capitalization of $626.27 million, a price-to-earnings ratio of -53.82 and a beta of 0.18.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, May 6th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.07). The business had revenue of $141.36 million during the quarter, compared to analyst estimates of $137.26 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 was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share. As a group, sell-side analysts forecast that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 14th. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently -60.27%.

Insider Activity

In other Sturm, Ruger & Company, Inc. news, Director Phillip Widman bought 5,000 shares of the business’s stock in a transaction dated 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 acquisition, the director directly owned 45,208 shares of the company’s stock, valued at $1,717,904. The trade was a 12.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bruce T. Pettet bought 1,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $39.89 per share, for a total transaction of $39,890.00. Following the completion of the acquisition, the director directly owned 7,606 shares in the company, valued at approximately $303,403.34. This trade represents a 15.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 7,500 shares of company stock valued at $288,615 in the last ninety days. 4.60% of the stock is currently owned by company insiders.

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

Several institutional investors have recently bought and sold shares of RGR. AQR Capital Management LLC increased its stake in 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 valued at $3,962,000 after buying an additional 71,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 valued at $384,000 after buying an additional 390 shares during the period. JPMorgan Chase & Co. increased its stake in Sturm, Ruger & Company, Inc. by 21.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 83,236 shares of the company’s stock valued at $2,988,000 after buying an additional 14,687 shares during the period. Invesco Ltd. increased its stake in Sturm, Ruger & Company, Inc. by 3.7% in the 2nd quarter. Invesco Ltd. now owns 160,619 shares of the company’s stock valued at $5,766,000 after buying an additional 5,747 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Sturm, Ruger & Company, Inc. by 259.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock valued at $56,000 after buying an additional 1,132 shares during the period. 64.00% of the stock is owned by institutional investors and hedge funds.

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.