Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Timothy Lowney Purchases 2,200 Shares

Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Timothy Lowney bought 2,200 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were acquired at an average cost of $33.37 per share, with a total value of $73,414.00. Following the purchase, the vice president now owns 8,874 shares of the company’s stock, valued at $296,125.38. The trade was a 32.96 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of RGR stock opened at $35.03 on Friday. The firm’s 50 day moving average price is $38.67 and its 200-day moving average price is $37.74. Sturm, Ruger & Company, Inc. has a one year low of $32.74 and a one year high of $46.40. The firm has a market cap of $579.92 million, a P/E ratio of 19.79 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The firm had revenue of $135.74 million during the quarter, compared to analysts’ expectations of $148.05 million. During the same period in the previous year, the firm earned $0.40 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, research analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, May 16th. Sturm, Ruger & Company, Inc.’s payout ratio is 39.34%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Sturm, Ruger & Company, Inc. from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 748.1% during the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock worth $26,000 after purchasing an additional 576 shares in the last quarter. Byrne Asset Management LLC lifted its holdings in Sturm, Ruger & Company, Inc. by 115.1% during the 1st quarter. Byrne Asset Management LLC now owns 968 shares of the company’s stock worth $38,000 after buying an additional 518 shares in the last quarter. Parallel Advisors LLC boosted its position in Sturm, Ruger & Company, Inc. by 18,642.9% in the 1st quarter. Parallel Advisors LLC now owns 1,312 shares of the company’s stock valued at $52,000 after buying an additional 1,305 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Sturm, Ruger & Company, Inc. by 506.1% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,400 shares of the company’s stock worth $55,000 after acquiring an additional 1,169 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Sturm, Ruger & Company, Inc. by 159.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,422 shares of the company’s stock worth $56,000 after acquiring an additional 874 shares during the period. 64.00% of the stock is currently owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.