Sturm Ruger & Co. CEO Michael Fifer Sells 10,001 Shares (RGR)
Sturm Ruger & Co. (NYSE:RGR) CEO Michael Fifer sold 10,001 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $60.00, for a total transaction of $600,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
RGR has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Sturm Ruger & Co. (NYSE:RGR) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 5th. They now have a $59.60 price target on the stock.
Sturm Ruger & Co. (NYSE:RGR) traded up 3.36% during mid-day trading on Wednesday, hitting $61.91. 325,744 shares of the company’s stock traded hands. Sturm Ruger & Co. has a 1-year low of $40.00 and a 1-year high of $60.87. The stock has a 50-day moving average of $54.12 and a 200-day moving average of $51.19. The company has a market cap of $1.197 billion and a P/E ratio of 12.68.
Sturm Ruger & Co. (NYSE:RGR) last announced its earnings results on Wednesday, July 31st. The company reported $1.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.45. The company had revenue of $179.53 million for the quarter, compared to the consensus estimate of $154.70 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 50.1% on a year-over-year basis. On average, analysts predict that Sturm Ruger & Co. will post $5.15 earnings per share for the current fiscal year.
Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers.
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