Sturm, Ruger & Company, Inc. (NYSE:RGR) Short Interest Down 21.1% in December

Sturm, Ruger & Company, Inc. (NYSE:RGR) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 1,008,066 shares, a decrease of 21.1% from the December 15th total of 1,277,059 shares. Based on an average daily trading volume, of 563,432 shares, the short-interest ratio is currently 1.8 days. Approximately 6.6% of the company’s shares are sold short. Approximately 6.6% of the company’s shares are sold short. Based on an average daily trading volume, of 563,432 shares, the short-interest ratio is currently 1.8 days.

Sturm, Ruger & Company, Inc. Trading Down 1.4%

NYSE:RGR traded down $0.55 during trading hours on Friday, reaching $37.76. 253,125 shares of the company traded hands, compared to its average volume of 387,439. 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 $601.89 million, a P/E ratio of 290.46 and a beta of 0.20. The business’s 50-day moving average price is $32.58 and its two-hundred day moving average price is $36.43.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.26). The company had revenue of $126.77 million for the quarter, compared to the consensus estimate of $124.22 million. Sturm, Ruger & Company, Inc. had a net margin of 0.48% and a return on equity of 8.76%. Sturm, Ruger & Company, Inc.’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. As a group, equities analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, November 17th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently 123.08%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new stake in shares of Sturm, Ruger & Company, Inc. in the third quarter worth $1,931,000. Ballentine Partners LLC bought a new position in shares of Sturm, Ruger & Company, Inc. in the second quarter worth approximately $325,000. American Century Companies Inc. increased its stake in shares of Sturm, Ruger & Company, Inc. by 27.1% in the second quarter. American Century Companies Inc. now owns 202,284 shares of the company’s stock worth $7,262,000 after purchasing an additional 43,079 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter valued at $427,000. Finally, Deprince Race & Zollo Inc. bought a new stake in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter valued at $1,700,000. 64.00% of the stock is owned by institutional investors.

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.