Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Pass Above 200 Day Moving Average – Here’s Why

Sturm, Ruger & Company, Inc. (NYSE:RGR) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.66 and traded as high as $41.68. Sturm, Ruger & Company, Inc. shares last traded at $40.0370, with a volume of 165,781 shares.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Lake Street Capital upped their price objective on Sturm, Ruger & Company, Inc. from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Zacks Research downgraded shares of Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Sturm, Ruger & Company, Inc. has an average rating of “Reduce” and a consensus price target of $43.00.

Sturm, Ruger & Company, Inc. Price Performance

The business’s 50 day moving average price is $38.40 and its 200 day moving average price is $37.70. The firm has a market cap of $651.69 million, a PE ratio of -146.01 and a beta of 0.15.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings results on Monday, March 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Sturm, Ruger & Company, Inc. had a negative net margin of 0.80% and a positive return on equity of 6.93%. The company had revenue of $151.06 million during the quarter, compared to analysts’ expectations of $139.24 million. During the same quarter last year, the company earned $0.62 earnings per share. Sturm, Ruger & Company, Inc.’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a dividend of $0.08 per share. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, March 16th. This represents a $0.32 annualized dividend and a yield of 0.8%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently -114.29%.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at $25,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 4th quarter worth $29,000. GAMMA Investing LLC lifted its position in Sturm, Ruger & Company, Inc. by 158.2% in the fourth quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock valued at $40,000 after purchasing an additional 745 shares during the period. Parallel Advisors LLC boosted its stake in shares of 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 in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of 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 purchasing an additional 1,132 shares in the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

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.