Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10, FiscalAI reports. Sturm, Ruger & Company, Inc. had a positive return on equity of 5.96% and a negative net margin of 2.18%.The company had revenue of $158.06 million for the quarter, compared to analyst estimates of $128.54 million.
Sturm, Ruger & Company, Inc. Price Performance
Sturm, Ruger & Company, Inc. stock traded down $0.47 during mid-day trading on Wednesday, hitting $37.87. 123,936 shares of the company’s stock traded hands, compared to its average volume of 155,870. The firm has a 50 day simple moving average of $38.77 and a two-hundred day simple moving average of $39.07. Sturm, Ruger & Company, Inc. has a fifty-two week low of $28.33 and a fifty-two week high of $48.21. The stock has a market cap of $603.77 million, a price-to-earnings ratio of -51.87 and a beta of 0.17.
Sturm, Ruger & Company, Inc. Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 14th. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. Sturm, Ruger & Company, Inc.’s payout ratio is presently -60.27%.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on RGR
Insider Activity
In related news, Director Bruce T. Pettet bought 1,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $39.89 per share, for a total transaction of $39,890.00. Following the purchase, the director owned 7,606 shares in the company, valued at $303,403.34. This represents a 15.14% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Phillip Widman purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average price of $38.00 per share, for a total transaction of $190,000.00. Following the purchase, the director owned 45,208 shares in the company, valued at $1,717,904. The trade was a 12.44% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 7,500 shares of company stock valued at $288,615 over the last ninety days. 4.60% of the stock is currently owned by company insiders.
Institutional Trading of Sturm, Ruger & Company, Inc.
Several institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in Sturm, Ruger & Company, Inc. in the 4th quarter valued at $25,000. Parallel Advisors LLC boosted its position 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 acquiring an additional 720 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 259.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock valued at $56,000 after acquiring an additional 1,132 shares during the period. Intesa Sanpaolo Wealth Management acquired a new position in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at about $76,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Sturm, Ruger & Company, Inc. by 291.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,031 shares of the company’s stock valued at $109,000 after acquiring an additional 2,257 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors.
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.
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