Todd William Seyfert Acquires 1,500 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) CEO Todd William Seyfert purchased 1,500 shares of the stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $39.15 per share, with a total value of $58,725.00. Following the completion of the purchase, the chief executive officer owned 1,500 shares in the company, valued at $58,725. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Sturm, Ruger & Company, Inc. Price Performance

Shares of RGR stock opened at $40.05 on Friday. The stock has a market cap of $638.37 million, a PE ratio of -54.86 and a beta of 0.21. The stock has a 50-day moving average of $40.67 and a 200-day moving average of $37.01. Sturm, Ruger & Company, Inc. has a one year low of $28.33 and a one year high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly 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 company had revenue of $141.36 million during the quarter, compared to the consensus estimate 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 last year, the company earned $0.46 earnings per share. As a group, research analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be paid a $0.11 dividend. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.1%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently -60.27%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on RGR shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Friday, March 27th. Zacks Research raised Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Lake Street Capital reissued a “buy” rating and set a $46.00 target price on shares of Sturm, Ruger & Company, Inc. in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $46.00.

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

Hedge funds have recently made changes to their positions in the business. Deprince Race & Zollo Inc. grew its stake in shares of Sturm, Ruger & Company, Inc. by 138.2% during the 4th quarter. Deprince Race & Zollo Inc. now owns 93,169 shares of the company’s stock worth $3,042,000 after acquiring an additional 54,052 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth approximately $1,290,000. Allianz Asset Management GmbH grew its stake in shares of Sturm, Ruger & Company, Inc. by 232.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 37,411 shares of the company’s stock worth $1,626,000 after acquiring an additional 26,145 shares in the last quarter. SummerHaven Investment Management LLC bought a new position in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter worth approximately $1,029,000. Finally, O Brien Greene & Co. Inc bought a new position in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth approximately $457,000. 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.