Insider Buying: Sturm, Ruger & Company, Inc. (NYSE:RGR) CEO Buys $58,725.00 in Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) CEO Todd William Seyfert purchased 1,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average cost of $39.15 per share, with a total value of $58,725.00. Following the completion of the acquisition, the chief executive officer directly owned 1,500 shares of the company’s stock, valued at $58,725. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sturm, Ruger & Company, Inc. Stock Up 1.8%

Shares of RGR opened at $40.05 on Friday. The stock has a 50 day moving average price of $40.67 and a 200 day moving average price of $37.01. The company has a market capitalization of $638.37 million, a price-to-earnings ratio of -54.86 and a beta of 0.21. Sturm, Ruger & Company, Inc. has a 52-week low of $28.33 and a 52-week high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.07). The business had revenue of $141.36 million during the quarter, compared to analyst estimates of $137.26 million. Sturm, Ruger & Company, Inc. had a negative net margin of 2.18% and a positive return on equity of 5.96%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. On average, equities analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.1%. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, May 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently -60.27%.

Institutional Investors Weigh In On Sturm, Ruger & Company, Inc.

Several large investors have recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of Sturm, Ruger & Company, Inc. by 239.4% during the first quarter. AQR Capital Management LLC now owns 100,834 shares of the company’s stock worth $3,962,000 after purchasing an additional 71,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Sturm, Ruger & Company, Inc. by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company’s stock worth $384,000 after purchasing an additional 390 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Sturm, Ruger & Company, Inc. by 21.4% during the second quarter. JPMorgan Chase & Co. now owns 83,236 shares of the company’s stock worth $2,988,000 after purchasing an additional 14,687 shares during the last quarter. Invesco Ltd. raised its stake in shares of Sturm, Ruger & Company, Inc. by 3.7% during the second quarter. Invesco Ltd. now owns 160,619 shares of the company’s stock worth $5,766,000 after purchasing an additional 5,747 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Sturm, Ruger & Company, Inc. by 259.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock worth $56,000 after purchasing an additional 1,132 shares during the last quarter. 64.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RGR shares. Lake Street Capital reissued a “buy” rating and issued a $46.00 price objective on shares of Sturm, Ruger & Company, Inc. in a report on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Friday, March 27th. Finally, Zacks Research raised Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.00.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.