Pekin Hardy Strauss Inc. Takes $439,000 Position in Sturm, Ruger & Company, Inc. $RGR

Pekin Hardy Strauss Inc. purchased a new stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 13,450 shares of the company’s stock, valued at approximately $439,000. Pekin Hardy Strauss Inc. owned about 0.08% of Sturm, Ruger & Company, Inc. at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of RGR. AQR Capital Management LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 239.4% during the 1st quarter. AQR Capital Management LLC now owns 100,834 shares of the company’s stock valued at $3,962,000 after acquiring an additional 71,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Sturm, Ruger & Company, Inc. by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company’s stock valued at $384,000 after acquiring an additional 390 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sturm, Ruger & Company, Inc. by 21.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 83,236 shares of the company’s stock valued at $2,988,000 after acquiring an additional 14,687 shares during the last quarter. Invesco Ltd. boosted its position in shares of Sturm, Ruger & Company, Inc. by 3.7% during the 2nd quarter. Invesco Ltd. now owns 160,619 shares of the company’s stock valued at $5,766,000 after acquiring an additional 5,747 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 259.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock valued at $56,000 after buying an additional 1,132 shares in the last quarter. Institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Price Performance

Shares of Sturm, Ruger & Company, Inc. stock opened at $43.47 on Friday. The business’s 50 day simple moving average is $40.20 and its two-hundred day simple moving average is $37.63. The stock has a market capitalization of $693.20 million, a P/E ratio of -155.24 and a beta of 0.15. Sturm, Ruger & Company, Inc. has a one year low of $28.33 and a one year high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings results on Monday, March 2nd. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The company had revenue of $151.06 million during the quarter, compared to analysts’ expectations of $139.24 million. Sturm, Ruger & Company, Inc. had a positive return on equity of 6.93% and a negative net margin of 0.80%.Sturm, Ruger & Company, Inc.’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.62 earnings per share. Sell-side analysts expect that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a $0.08 dividend. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.7%. Sturm, Ruger & Company, Inc.’s payout ratio is presently -114.29%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RGR. Zacks Research downgraded Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Lake Street Capital boosted their target price on Sturm, Ruger & Company, Inc. from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Sturm, Ruger & Company, Inc. currently has a consensus rating of “Reduce” and a consensus target price of $43.00.

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.