Sturm, Ruger & Company, Inc. (RGR) Sees Strong Trading Volume
Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) saw an uptick in trading volume on Tuesday . 1,599,411 shares were traded during mid-day trading, an increase of 515% from the previous session’s volume of 259,941 shares.The stock last traded at $54.35 and had previously closed at $47.80.
A number of brokerages recently weighed in on RGR. ValuEngine downgraded Sturm, Ruger & from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded Sturm, Ruger & from a “buy” rating to a “hold” rating in a research note on Saturday, July 15th. BidaskClub downgraded Sturm, Ruger & from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Aegis reissued a “buy” rating and issued a $67.00 price objective on shares of Sturm, Ruger & in a research note on Monday, August 21st. Finally, TheStreet downgraded Sturm, Ruger & from a “b-” rating to a “c” rating in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $61.75.
The firm has a market cap of $960.42 million, a P/E ratio of 13.77 and a beta of 0.07. The company has a 50-day moving average of $49.26 and a 200 day moving average of $56.96.
Sturm, Ruger & (NYSE:RGR) last announced its earnings results on Wednesday, August 2nd. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.54). The firm had revenue of $131.90 million for the quarter, compared to the consensus estimate of $159.60 million. Sturm, Ruger & had a return on equity of 29.70% and a net margin of 11.74%. Sturm, Ruger &’s revenue for the quarter was down 21.4% on a year-over-year basis. During the same quarter last year, the business posted $1.22 EPS. On average, analysts anticipate that Sturm, Ruger & Company, Inc. will post $3.60 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, August 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.69%. Sturm, Ruger &’s dividend payout ratio (DPR) is currently 23.47%.
In other news, insider Mark Lang sold 20,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $66.90, for a total transaction of $1,338,000.00. Following the transaction, the insider now owns 3,612 shares in the company, valued at $241,642.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have bought 400 shares of company stock worth $19,925. 3.90% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Flinton Capital Management LLC increased its stake in shares of Sturm, Ruger & by 77.8% during the second quarter. Flinton Capital Management LLC now owns 1,792 shares of the company’s stock worth $111,000 after purchasing an additional 784 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Sturm, Ruger & by 10.6% during the second quarter. Public Employees Retirement System of Ohio now owns 1,840 shares of the company’s stock worth $114,000 after purchasing an additional 177 shares during the period. Dubuque Bank & Trust Co. bought a new position in shares of Sturm, Ruger & during the second quarter worth approximately $128,000. Envestnet Asset Management Inc. increased its stake in shares of Sturm, Ruger & by 5.2% during the first quarter. Envestnet Asset Management Inc. now owns 2,336 shares of the company’s stock worth $124,000 after purchasing an additional 116 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Sturm, Ruger & by 27.6% during the first quarter. PNC Financial Services Group Inc. now owns 2,885 shares of the company’s stock worth $155,000 after purchasing an additional 624 shares during the period. Institutional investors own 82.17% of the company’s stock.
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About Sturm, Ruger &
Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.
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