Sturm Ruger & Co. (RGR) Sees Large Volume Increase
Sturm Ruger & Co. (NYSE:RGR) shares saw strong trading volume on Monday . 375,400 shares traded hands during mid-day trading, an increase of 100% from the previous session’s volume of 187,784 shares.The stock last traded at $60.65 and had previously closed at $62.18.
A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Sturm Ruger & Co. from a “hold” rating to a “strong sell” rating in a research report on Friday, June 10th. BB&T Corp. downgraded Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a research report on Monday, June 6th.
The firm has a market cap of $1.15 billion and a PE ratio of 15.41. The firm has a 50-day moving average price of $65.91 and a 200 day moving average price of $66.53.
Sturm Ruger & Co. (NYSE:RGR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.07. The company had revenue of $167.90 million for the quarter, compared to the consensus estimate of $164.30 million. On average, analysts forecast that Sturm Ruger & Co. will post $3.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This is an increase from Sturm Ruger & Co.’s previous quarterly dividend of $0.48. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.23%.
Sturm, Ruger & Company, Inc and subsidiary, 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 to a range of federally licensed, independent wholesale distributors located in the United States.
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