Insider Selling: Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Sells $28,555.16 in Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Michael Wilson sold 628 shares of the company’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $45.47, for a total value of $28,555.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sturm, Ruger & Company, Inc. Stock Performance

Sturm, Ruger & Company, Inc. stock opened at $43.95 on Friday. The company has a 50-day simple moving average of $41.79 and a 200-day simple moving average of $39.68. The firm has a market capitalization of $702.40 million, a P/E ratio of 39.81 and a beta of 0.15. Sturm, Ruger & Company, Inc. has a one year low of $28.33 and a one year high of $50.84.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. The firm had revenue of $158.06 million during the quarter, compared to analysts’ expectations of $128.54 million. Sturm, Ruger & Company, Inc. had a net margin of 2.11% and a return on equity of 6.58%. Sturm, Ruger & Company, Inc.’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, sell-side analysts forecast that Sturm, Ruger & Company, Inc. will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Zacks Research raised shares of Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Weiss Ratings upgraded shares of Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.00.

Institutional Trading of Sturm, Ruger & Company, Inc.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in Sturm, Ruger & Company, Inc. during the second quarter valued at approximately $49,541,000. Wellington Management Group LLP raised its holdings in Sturm, Ruger & Company, Inc. by 15.0% during the second quarter. Wellington Management Group LLP now owns 548,286 shares of the company’s stock valued at $20,753,000 after buying an additional 71,423 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 in the last quarter. JRM Investment Counsel LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the first quarter worth about $15,916,000. Finally, Royal Bank of Canada boosted its stake in shares of Sturm, Ruger & Company, Inc. by 4.5% during the 1st quarter. Royal Bank of Canada now owns 232,002 shares of the company’s stock worth $9,301,000 after acquiring an additional 9,999 shares in the last quarter. 64.00% of the stock is currently owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms for the commercial sporting market. Its product portfolio includes pistols, revolvers, rifles, and related accessories marketed under the Ruger brand. The company serves customers through independent distributors, retailers, and other firearms dealers.

Founded in 1949 by William B. Ruger and Alexander M. Sturm, the company is one of the largest firearms manufacturers in the United States. Its products are manufactured in the U.S.