Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock traders purchased 2,921 put options on the stock. This represents an increase of approximately 1,271% compared to the average volume of 213 put options.
Institutional Investors Weigh In On Sturm, Ruger & Company, Inc.
Several institutional investors have recently made changes to their positions in RGR. BlackRock Inc. bought a new position in Sturm, Ruger & Company, Inc. during the 2nd quarter valued at about $49,541,000. Wellington Management Group LLP lifted its stake in Sturm, Ruger & Company, Inc. by 15.0% in the second quarter. Wellington Management Group LLP now owns 548,286 shares of the company’s stock worth $20,753,000 after purchasing an additional 71,423 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sturm, Ruger & Company, Inc. by 7.3% during the first quarter. Dimensional Fund Advisors LP now owns 397,446 shares of the company’s stock valued at $15,933,000 after buying an additional 27,107 shares during the period. JRM Investment Counsel LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. during the first quarter valued at approximately $15,916,000. Finally, Royal Bank of Canada grew its stake in shares of Sturm, Ruger & Company, Inc. by 4.5% during the first quarter. Royal Bank of Canada now owns 232,002 shares of the company’s stock valued at $9,301,000 after buying an additional 9,999 shares during the last quarter. Institutional investors own 64.00% of the company’s stock.
Sturm, Ruger & Company, Inc. News Roundup
Here are the key news stories impacting Sturm, Ruger & Company, Inc. this week:
- Positive Sentiment: Beretta offers $44.80 per share in cash: Beretta Holding S.A. formally launched a tender offer for Ruger shares, providing a clear valuation benchmark above recent trading levels and supporting the stock price. Beretta intends to increase its stake from approximately 10% to as much as 25%. Beretta cash tender offer
- Positive Sentiment: Strategic cooperation agreement clears regulatory conditions: Ruger said applicable regulatory requirements for its previously announced agreement with Beretta have been satisfied. The companies can therefore proceed with the agreement’s planned amendment to Ruger’s shareholder-rights arrangements. Ruger strategic cooperation update
- Positive Sentiment: Rights plan removed or amended: Ruger ended its shareholder rights plan following the Beretta agreement, reducing a potential obstacle to Beretta’s investment and helping advance the transaction. Ruger ends shareholder rights plan
- Neutral Sentiment: FTC restrictions limit Beretta’s influence: Regulatory action reportedly prevents Beretta from appointing directors to Ruger’s board as part of the deal. This reduces near-term control concerns but may also limit the strategic benefits Beretta can pursue. FTC Beretta board restrictions
- Negative Sentiment: Legal and trading-risk signals remain: Brodsky & Smith announced an investigation related to Ruger, while unusually heavy put-option activity indicates some investors are positioning for downside or heightened volatility. Neither item establishes wrongdoing or guarantees a decline, but both add uncertainty. Brodsky and Smith investor investigation
Analysts Set New Price Targets
View Our Latest Stock Report on RGR
Sturm, Ruger & Company, Inc. Price Performance
Shares of NYSE:RGR traded up $3.42 during trading on Thursday, hitting $40.50. The company had a trading volume of 206,962 shares, compared to its average volume of 150,735. The stock has a market cap of $647.19 million, a price-to-earnings ratio of 53.65 and a beta of 0.19. The company has a fifty day simple moving average of $38.02 and a two-hundred day simple moving average of $39.16. 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 – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.10. The firm had revenue of $158.06 million for the quarter, compared to the consensus estimate of $128.54 million. Sturm, Ruger & Company, Inc. had a return on equity of 6.58% and a net margin of 2.11%.The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. On average, equities research analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.49 earnings per share for the current year.
Sturm, Ruger & Company, Inc. Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, August 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is presently 112.00%.
Sturm, Ruger & Company, Inc. Company Profile
Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms for the commercial sporting market. Its product portfolio includes modern sporting rifles, bolt-action rifles, single-shot rifles, autoloading rifles, shotguns, pistols, and revolvers. The company markets its products primarily under the Ruger brand.
Founded in 1949 by William B. Ruger and Alexander McCormick Sturm, the company has developed a broad lineup serving hunters, sport shooters, firearm collectors, and personal-protection customers.
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