Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Sandra S. Froman bought 200 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average cost of $51.00 per share, for a total transaction of $10,200.00. Following the completion of the acquisition, the director now owns 4,579 shares in the company, valued at $233,529. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Sturm, Ruger & Company, Inc. (NYSE RGR) opened at 51.00 on Tuesday. The company has a market cap of $901.22 million and a price-to-earnings ratio of 12.92. Sturm, Ruger & Company, Inc. has a 1-year low of $47.15 and a 1-year high of $68.80. The stock has a 50 day moving average of $62.21 and a 200 day moving average of $57.43.

Sturm, Ruger & (NYSE:RGR) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $1.11 by $0.54. The firm had revenue of $131.90 million for the quarter, compared to analysts’ expectations of $159.60 million. Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The business’s quarterly revenue was down 21.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.22 EPS. On average, equities analysts forecast that Sturm, Ruger & Company, Inc. will post $4.38 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.80%. The ex-dividend date is Friday, August 11th. Sturm, Ruger &’s dividend payout ratio is currently 48.98%.

Sturm, Ruger & declared that its board has initiated a stock repurchase program on Monday, May 8th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 9.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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Several brokerages recently issued reports on RGR. Zacks Investment Research lowered shares of Sturm, Ruger & from a “strong-buy” rating to a “hold” rating in a report on Friday, April 28th. Wunderlich boosted their target price on shares of Sturm, Ruger & from $51.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. Forward View raised shares of Sturm, Ruger & from a “sell” rating to a “hold” rating in a report on Sunday, May 14th. ValuEngine lowered shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub downgraded shares of Sturm, Ruger & from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Five research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $60.00.

Several institutional investors have recently bought and sold shares of RGR. Dubuque Bank & Trust Co. bought a new position in Sturm, Ruger & during the second quarter valued at about $128,000. Envestnet Asset Management Inc. raised its position in Sturm, Ruger & by 5.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,336 shares of the company’s stock valued at $124,000 after buying an additional 116 shares in the last quarter. PNC Financial Services Group Inc. raised 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 in the last quarter. IFP Advisors Inc raised 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 in the last quarter. Finally, Atria Investments LLC bought a new position in Sturm, Ruger & during the second quarter valued at about $209,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

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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