Everett Harris & Co. CA bought a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR – Free Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 27,890 shares of the company’s stock, valued at approximately $911,000.
Other institutional investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new position in Sturm, Ruger & Company, Inc. in the 4th quarter valued at about $29,000. GAMMA Investing LLC grew its position in Sturm, Ruger & Company, Inc. by 158.2% in the 4th quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock valued at $40,000 after acquiring an additional 745 shares in the last quarter. Parallel Advisors LLC grew its position in Sturm, Ruger & Company, Inc. by 176.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock valued at $49,000 after acquiring an additional 720 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Sturm, Ruger & Company, Inc. by 259.6% in the 2nd 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 in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Sturm, Ruger & Company, Inc. by 291.6% in the 2nd 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 owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Lake Street Capital reaffirmed a “buy” rating and issued a $46.00 target price on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday, May 7th. Zacks Research raised Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Sturm, Ruger & Company, Inc. has an average rating of “Hold” and an average target price of $46.00.
Insider Activity
In related news, Director Bruce T. Pettet acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was acquired 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 of the company’s stock, valued at $303,403.34. This represents a 15.14% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd William Seyfert acquired 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $39.15 per share, with a total value of $58,725.00. Following the purchase, the chief executive officer directly owned 1,500 shares in the company, valued at approximately $58,725. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 7,500 shares of company stock worth $288,615. 4.60% of the stock is currently owned by company insiders.
Sturm, Ruger & Company, Inc. Stock Performance
Shares of RGR opened at $38.86 on Wednesday. The stock has a 50-day simple moving average of $40.50 and a 200-day simple moving average of $37.45. The stock has a market capitalization of $619.43 million, a PE ratio of -53.23 and a beta of 0.18. Sturm, Ruger & Company, Inc. has a 1 year low of $28.33 and a 1 year high of $48.21.
Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.07). The company had revenue of $141.36 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. Analysts predict that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current year.
Sturm, Ruger & Company, Inc. Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date 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 dividend payout ratio (DPR) is -60.27%.
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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