BidaskClub cut shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) from a buy rating to a hold rating in a report released on Tuesday, August 1st.
Several other equities analysts have also recently issued reports on RGR. Forward View upgraded Sturm, Ruger & from a sell rating to a hold rating in a research report on Sunday, May 14th. Zacks Investment Research lowered Sturm, Ruger & from a buy rating to a hold rating in a research note on Saturday, July 15th. Wunderlich increased their price target on Sturm, Ruger & from $51.00 to $62.00 and gave the stock a hold rating in a research note on Wednesday, May 10th. Finally, ValuEngine downgraded Sturm, Ruger & from a buy rating to a hold rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $60.00.
Shares of Sturm, Ruger & (RGR) traded down 0.83% during mid-day trading on Tuesday, reaching $50.00. The company had a trading volume of 243,562 shares. The firm has a 50-day moving average price of $58.70 and a 200-day moving average price of $57.34. Sturm, Ruger & has a 1-year low of $47.15 and a 1-year high of $68.60. The stock has a market capitalization of $883.55 million and a price-to-earnings ratio of 12.67.
Sturm, Ruger & (NYSE:RGR) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.54. The company had revenue of $131.90 million during the quarter, compared to analyst estimates of $159.60 million. Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The business’s revenue was down 21.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 EPS. Equities analysts expect that Sturm, Ruger & will post $4.38 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.84%. Sturm, Ruger &’s dividend payout ratio is currently 48.98%.
Sturm, Ruger & declared that its Board of Directors has initiated a share buyback program on Monday, May 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 9.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
In related news, Director Ronald C. Whitaker sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $62.51, for a total transaction of $625,100.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark Lang sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $66.90, for a total transaction of $1,338,000.00. Following the transaction, the insider now owns 3,612 shares in the company, valued at approximately $241,642.80. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in RGR. Envestnet Asset Management Inc. increased its position in shares of Sturm, Ruger & by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,220 shares of the company’s stock valued at $116,000 after buying an additional 45 shares during the period. Dubuque Bank & Trust Co. purchased a new position in shares of Sturm, Ruger & during the second quarter valued at approximately $128,000. PNC Financial Services Group Inc. increased its position in Sturm, Ruger & by 27.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,885 shares of the company’s stock valued at $155,000 after buying an additional 624 shares during the last quarter. IFP Advisors Inc increased its position in Sturm, Ruger & by 32.0% in the first quarter. IFP Advisors Inc now owns 3,356 shares of the company’s stock valued at $180,000 after buying an additional 814 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in Sturm, Ruger & during the first quarter valued at about $209,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.
Sturm, Ruger & Company Profile
Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.
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