Dubuque Bank & Trust Co. purchased a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,065 shares of the company’s stock, valued at approximately $128,000.
Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in Sturm, Ruger & by 179,012.8% in the first quarter. BlackRock Inc. now owns 2,663,408 shares of the company’s stock worth $142,625,000 after buying an additional 2,661,921 shares during the period. Vanguard Group Inc. boosted its position in Sturm, Ruger & by 4.8% in the first quarter. Vanguard Group Inc. now owns 2,321,126 shares of the company’s stock worth $124,296,000 after buying an additional 105,980 shares during the period. Dimensional Fund Advisors LP boosted its position in Sturm, Ruger & by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 666,421 shares of the company’s stock worth $35,120,000 after buying an additional 2,065 shares during the period. State Street Corp boosted its position in Sturm, Ruger & by 6.6% in the first quarter. State Street Corp now owns 417,796 shares of the company’s stock worth $22,373,000 after buying an additional 26,040 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Sturm, Ruger & by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 378,471 shares of the company’s stock worth $20,268,000 after buying an additional 15,677 shares during the period. 86.93% of the stock is owned by institutional investors.
Shares of Sturm, Ruger & Company, Inc. (NYSE RGR) traded up 1.13% during midday trading on Friday, reaching $49.25. The company had a trading volume of 190,793 shares. Sturm, Ruger & Company, Inc. has a one year low of $47.15 and a one year high of $68.60. The company has a market capitalization of $870.30 million and a PE ratio of 12.48. The company has a 50 day moving average of $56.23 and a 200 day moving average of $57.25.
Sturm, Ruger & (NYSE:RGR) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.57 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 analysts’ expectations of $159.60 million. Sturm, Ruger & had a return on equity of 29.70% and a net margin of 11.74%. The firm’s quarterly revenue was down 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 EPS. Analysts predict that Sturm, Ruger & Company, Inc. will post $3.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders 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 annualized dividend and a dividend yield of 1.87%. Sturm, Ruger &’s dividend payout ratio is currently 23.47%.
Sturm, Ruger & announced that its board has initiated a stock 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 purchase up to 9.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
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RGR has been the subject of a number of research analyst reports. Zacks Investment Research raised Sturm, Ruger & from a “hold” rating to a “strong-buy” rating and set a $73.00 price target for the company in a report on Wednesday, May 17th. Wunderlich boosted their price target on Sturm, Ruger & from $51.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. BidaskClub lowered Sturm, Ruger & from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. ValuEngine lowered Sturm, Ruger & from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Forward View upgraded Sturm, Ruger & from a “sell” rating to a “hold” rating in a research report on Sunday, May 14th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Sturm, Ruger & currently has a consensus rating of “Hold” and a consensus target price of $60.00.
In related news, Director Ronald C. Whitaker sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $62.51, for a total value of $625,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Lang sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $66.90, for a total value of $1,338,000.00. Following the completion of the sale, the insider now directly owns 3,612 shares in the company, valued at $241,642.80. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.
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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