Sturm, Ruger & Company, Inc. (NYSE:RGR) Trading Down 6.7% Following Weak Earnings

Sturm, Ruger & Company, Inc. (NYSE:RGR) dropped 6.7% during trading on Wednesday following a weaker than expected earnings announcement. The company traded as low as $42.11 and last traded at $43.22. Approximately 90,671 shares traded hands during trading, a decline of 40% from the average daily volume of 150,330 shares. The stock had previously closed at $46.33.

The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.44). The firm had revenue of $136.80 million for the quarter, compared to analysts’ expectations of $153.40 million. Sturm, Ruger & Company, Inc. had a net margin of 8.87% and a return on equity of 14.59%. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 earnings per share.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 20th will be paid a $0.16 dividend. The ex-dividend date is Friday, May 17th. This represents a $0.64 dividend on an annualized basis and a yield of 1.49%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently 33.82%.

Insider Activity

In other news, CEO Christopher John Killoy sold 3,170 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $47.00, for a total transaction of $148,990.00. Following the completion of the transaction, the chief executive officer now owns 49,699 shares of the company’s stock, valued at $2,335,853. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 7,388 shares of company stock worth $340,018. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates lifted its stake in Sturm, Ruger & Company, Inc. by 29.0% during the third quarter. Raymond James & Associates now owns 17,630 shares of the company’s stock worth $919,000 after purchasing an additional 3,964 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Sturm, Ruger & Company, Inc. by 6.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 6,143 shares of the company’s stock worth $320,000 after buying an additional 392 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sturm, Ruger & Company, Inc. by 59.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,066 shares of the company’s stock valued at $160,000 after acquiring an additional 1,138 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Sturm, Ruger & Company, Inc. by 5.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,752 shares of the company’s stock worth $560,000 after acquiring an additional 554 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Sturm, Ruger & Company, Inc. by 126.5% during the third quarter. Teacher Retirement System of Texas now owns 18,915 shares of the company’s stock worth $986,000 after acquiring an additional 10,565 shares in the last quarter. 64.00% of the stock is currently owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Trading Down 0.1 %

The stock has a market capitalization of $760.88 million, a P/E ratio of 15.84 and a beta of 0.31. The stock’s fifty day moving average price is $45.70 and its two-hundred day moving average price is $45.34.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.