Sturm, Ruger & Company, Inc. (NYSE:RGR) Hits New 1-Year Low at $62.26

Sturm, Ruger & Company, Inc. (NYSE:RGRGet Rating)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $62.26 and last traded at $62.37, with a volume of 1467 shares trading hands. The stock had previously closed at $63.56.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Sturm, Ruger & Company, Inc. from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Thursday, May 12th. StockNews.com upgraded Sturm, Ruger & Company, Inc. from a “hold” rating to a “buy” rating in a report on Wednesday.

The firm has a fifty day moving average price of $70.02 and a 200-day moving average price of $69.35. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 7.64 and a beta of 0.42.

Sturm, Ruger & Company, Inc. (NYSE:RGRGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.03). Sturm, Ruger & Company, Inc. had a return on equity of 42.30% and a net margin of 20.75%. The business had revenue of $166.60 million for the quarter, compared to analyst estimates of $164.64 million. During the same quarter last year, the business earned $2.16 EPS. Sturm, Ruger & Company, Inc.’s revenue for the quarter was down 9.7% compared to the same quarter last year. Equities analysts predict that Sturm, Ruger & Company, Inc. will post 5.48 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 16th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date is Friday, May 13th. Sturm, Ruger & Company, Inc.’s payout ratio is currently 32.69%.

In other Sturm, Ruger & Company, Inc. news, VP Randall Wheeler sold 1,604 shares of the firm’s stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of $68.84, for a total value of $110,419.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director C Michael Jacobi sold 3,006 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $65.82, for a total value of $197,854.92. Following the completion of the transaction, the director now directly owns 3,353 shares in the company, valued at $220,694.46. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in Sturm, Ruger & Company, Inc. by 21.6% in the first quarter. Parallel Advisors LLC now owns 812 shares of the company’s stock valued at $57,000 after purchasing an additional 144 shares during the period. Patriot Investment Management Inc. raised its position in Sturm, Ruger & Company, Inc. by 1.6% in the first quarter. Patriot Investment Management Inc. now owns 9,301 shares of the company’s stock valued at $647,000 after purchasing an additional 150 shares during the period. Sigma Planning Corp raised its position in Sturm, Ruger & Company, Inc. by 3.0% in the first quarter. Sigma Planning Corp now owns 5,520 shares of the company’s stock valued at $384,000 after purchasing an additional 162 shares during the period. Eaton Vance Management raised its position in Sturm, Ruger & Company, Inc. by 1.8% in the first quarter. Eaton Vance Management now owns 9,908 shares of the company’s stock valued at $690,000 after purchasing an additional 178 shares during the period. Finally, Main Street Financial Solutions LLC raised its position in Sturm, Ruger & Company, Inc. by 3.6% in the first quarter. Main Street Financial Solutions LLC now owns 5,812 shares of the company’s stock valued at $405,000 after purchasing an additional 200 shares during the period. 68.17% of the stock is currently owned by institutional investors.

Sturm, Ruger & Company, Inc. Company Profile (NYSE:RGR)

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates through two segments, Firearms and Castings. The company provides single-shot, autoloading, bolt-action, and 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.

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