Sturm Ruger & Co. CEO Unloads $1,153,893 in Stock (RGR)
Sturm Ruger & Co. (NYSE:RGR) CEO Michael Fifer sold 14,597 shares of Sturm Ruger & Co. stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $79.05, for a total transaction of $1,153,892.85. The transaction was disclosed in a filing with the SEC, which is available at this link.
RGR has been the subject of a number of recent research reports. Analysts at CRT Capital initiated coverage on shares of Sturm Ruger & Co. in a research note to investors on Tuesday. They set a “buy” rating and a $85.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Sturm Ruger & Co. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $82.40 price target on the stock. Finally, analysts at KeyCorp reiterated an “underweight” rating on shares of Sturm Ruger & Co. in a research note to investors on Monday.
Shares of Sturm Ruger & Co. (NYSE:RGR) traded up 0.65% during mid-day trading on Friday, hitting $80.55. 378,315 shares of the company’s stock traded hands. Sturm Ruger & Co. has a 1-year low of $44.76 and a 1-year high of $80.28. The stock has a 50-day moving average of $74.17 and a 200-day moving average of $62.23. The company has a market cap of $1.558 billion and a price-to-earnings ratio of 14.96.
Sturm Ruger & Co. (NYSE:RGR) last released its earnings data on Wednesday, November 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.23. The company had revenue of $170.90 million for the quarter, compared to the consensus estimate of $154.34 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 44.6% on a year-over-year basis. Analysts expect that Sturm Ruger & Co. will post $5.64 EPS 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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