Insider Selling: Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Sells $15,480.00 in Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Amir Rosenthal sold 500 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $30.96, for a total transaction of $15,480.00. Following the completion of the transaction, the director owned 20,049 shares of the company’s stock, valued at approximately $620,717.04. The trade was a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sturm, Ruger & Company, Inc. Stock Performance

RGR opened at $29.42 on Thursday. The stock has a market cap of $469.10 million, a price-to-earnings ratio of 94.91 and a beta of 0.13. The firm’s fifty day moving average is $41.05 and its 200 day moving average is $37.42. Sturm, Ruger & Company, Inc. has a fifty-two week low of $29.27 and a fifty-two week high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). The business had revenue of $126.77 million during the quarter, compared to the consensus estimate of $124.22 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.28 EPS. On average, equities research analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be paid a $0.04 dividend. The ex-dividend date is Monday, November 17th. This represents a $0.16 annualized dividend and a yield of 0.5%. Sturm, Ruger & Company, Inc.’s payout ratio is presently 123.08%.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

Institutional investors have recently bought and sold shares of the business. CWM LLC increased its holdings in shares of Sturm, Ruger & Company, Inc. by 287.7% in the 1st quarter. CWM LLC now owns 4,513 shares of the company’s stock worth $177,000 after buying an additional 3,349 shares during the last quarter. Bailard Inc. purchased a new position in Sturm, Ruger & Company, Inc. in the first quarter worth about $200,000. Cetera Investment Advisers raised its position in Sturm, Ruger & Company, Inc. by 29.3% during the first quarter. Cetera Investment Advisers now owns 13,273 shares of the company’s stock valued at $522,000 after purchasing an additional 3,006 shares during the period. XTX Topco Ltd boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 11.8% in the 1st quarter. XTX Topco Ltd now owns 16,518 shares of the company’s stock worth $649,000 after purchasing an additional 1,749 shares during the period. Finally, US Bancorp DE increased its position in shares of Sturm, Ruger & Company, Inc. by 22.1% during the 1st quarter. US Bancorp DE now owns 2,310 shares of the company’s stock valued at $91,000 after purchasing an additional 418 shares during the last quarter. Institutional investors own 64.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday, November 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.