Sturm, Ruger & Company, Inc. (NYSE:RGR) Trading Down 6.7% on Disappointing Earnings

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s stock price was down 6.7% during trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $42.11 and last traded at $43.22. Approximately 90,671 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 150,330 shares. The stock had previously closed at $46.33.

The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.44). Sturm, Ruger & Company, Inc. had a return on equity of 14.59% and a net margin of 8.87%. The firm had revenue of $136.80 million for the quarter, compared to the consensus estimate of $153.40 million. During the same period in the previous year, the company posted $0.81 EPS. Sturm, Ruger & Company, Inc.’s quarterly revenue was down 8.5% compared to the same quarter last year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.17. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.13%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 33.82%.

Insider Buying and Selling

In other Sturm, Ruger & Company, Inc. news, CEO Christopher John Killoy sold 3,170 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $47.00, for a total transaction of $148,990.00. Following the sale, the chief executive officer now owns 49,699 shares of the company’s stock, valued at approximately $2,335,853. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 7,388 shares of company stock valued at $340,018 over the last 90 days. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Sturm, Ruger & Company, Inc.

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Sturm, Ruger & Company, Inc. by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 2,032,974 shares of the company’s stock valued at $92,399,000 after acquiring an additional 35,815 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 566,610 shares of the company’s stock valued at $25,752,000 after purchasing an additional 5,400 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Sturm, Ruger & Company, Inc. by 6.8% in the 3rd quarter. American Century Companies Inc. now owns 243,169 shares of the company’s stock worth $12,674,000 after purchasing an additional 15,441 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Sturm, Ruger & Company, Inc. by 1,888.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 167,939 shares of the company’s stock worth $7,750,000 after buying an additional 159,492 shares during the last quarter. Finally, UBS Group AG increased its position in Sturm, Ruger & Company, Inc. by 19.7% during the 3rd quarter. UBS Group AG now owns 147,602 shares of the company’s stock valued at $7,693,000 after buying an additional 24,251 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors.

Sturm, Ruger & Company, Inc. Stock Down 6.7 %

The company has a market capitalization of $763.44 million, a PE ratio of 15.87 and a beta of 0.31. The business has a 50 day simple moving average of $45.71 and a 200 day simple moving average of $45.37.

About Sturm, Ruger & Company, Inc.

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