Bruce Pettet Purchases 1,000 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Bruce Pettet acquired 1,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average price of $39.89 per share, for a total transaction of $39,890.00. Following the transaction, the director directly owned 7,606 shares in the company, valued at $303,403.34. The trade was a 15.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Sturm, Ruger & Company, Inc. Price Performance

RGR stock traded down $0.14 during midday trading on Friday, reaching $39.74. 49,222 shares of the stock were exchanged, compared to its average volume of 173,483. The stock has a market capitalization of $633.38 million, a PE ratio of -54.43 and a beta of 0.21. Sturm, Ruger & Company, Inc. has a 52 week low of $28.33 and a 52 week high of $48.21. The company has a fifty day moving average price of $40.50 and a 200 day moving average price of $37.16.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, May 6th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.07). The company had revenue of $141.36 million for the quarter, compared to analyst estimates of $137.26 million. Sturm, Ruger & Company, Inc. had a positive return on equity of 5.96% and a negative net margin of 2.18%.The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 earnings per share. As a group, analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be paid a dividend of $0.11 per share. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.1%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently -43.84%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RGR. UBS Group AG grew its stake in shares of Sturm, Ruger & Company, Inc. by 31.1% in the third quarter. UBS Group AG now owns 514,510 shares of the company’s stock worth $22,366,000 after purchasing an additional 122,111 shares during the last quarter. Wellington Management Group LLP boosted its position in Sturm, Ruger & Company, Inc. by 0.8% during the 4th quarter. Wellington Management Group LLP now owns 496,315 shares of the company’s stock valued at $16,205,000 after acquiring an additional 3,886 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Sturm, Ruger & Company, Inc. by 7.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 397,446 shares of the company’s stock valued at $15,933,000 after acquiring an additional 27,107 shares in the last quarter. 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, Charles Schwab Investment Management Inc. lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 20.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 377,666 shares of the company’s stock valued at $12,331,000 after purchasing an additional 64,190 shares during the last quarter. 64.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on RGR shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Friday, March 27th. Zacks Research raised Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $46.00 price objective on shares of Sturm, Ruger & Company, Inc. in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $46.00.

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.