Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Sandra S. Froman purchased 200 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $51.00 per share, for a total transaction of $10,200.00. Following the acquisition, the director now owns 4,579 shares in the company, valued at approximately $233,529. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Sturm, Ruger & Company, Inc. (NYSE RGR) traded down 3.59% on Monday, hitting $51.00. The stock had a trading volume of 319,944 shares. The firm has a 50 day moving average of $62.21 and a 200 day moving average of $57.43. The stock has a market cap of $901.22 million and a P/E ratio of 12.92. Sturm, Ruger & Company, Inc. has a 12 month low of $47.15 and a 12 month high of $68.80.

Sturm, Ruger & (NYSE:RGR) last posted its earnings results on Wednesday, August 2nd. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.54. The firm had revenue of $131.90 million for the quarter, compared to analysts’ expectations of $159.60 million. Sturm, Ruger & had a return on equity of 29.70% and a net margin of 11.74%. The firm’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.22 earnings per share. On average, equities analysts forecast that Sturm, Ruger & Company, Inc. will post $4.38 earnings per share for the current fiscal year.

Sturm, Ruger & announced that its Board of Directors has initiated a stock buyback plan on Monday, May 8th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 9.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, August 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.80%. Sturm, Ruger &’s payout ratio is 48.98%.

ILLEGAL ACTIVITY WARNING: This story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/08/07/insider-buying-sturm-ruger-company-inc-rgr-director-purchases-200-shares-of-stock.html.

Hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. increased its stake in shares of Sturm, Ruger & by 8.1% in the second quarter. Victory Capital Management Inc. now owns 9,114 shares of the company’s stock valued at $566,000 after buying an additional 681 shares in the last quarter. KBC Group NV bought a new stake in shares of Sturm, Ruger & during the second quarter valued at about $1,002,000. BNP Paribas Arbitrage SA increased its stake in shares of Sturm, Ruger & by 38.2% in the second quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the company’s stock valued at $740,000 after buying an additional 3,286 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Sturm, Ruger & by 6.5% in the second quarter. Legal & General Group Plc now owns 34,179 shares of the company’s stock valued at $2,123,000 after buying an additional 2,074 shares in the last quarter. Finally, Alps Advisors Inc. increased its stake in shares of Sturm, Ruger & by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,059 shares of the company’s stock valued at $563,000 after buying an additional 23 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Several equities analysts recently weighed in on RGR shares. Zacks Investment Research upgraded shares of Sturm, Ruger & from a “hold” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a report on Wednesday, May 17th. Wunderlich upped their price objective on Sturm, Ruger & from $51.00 to $62.00 and gave the stock a “hold” rating in a research report on Wednesday, May 10th. BidaskClub lowered Sturm, Ruger & from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. ValuEngine lowered Sturm, Ruger & from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Forward View upgraded Sturm, Ruger & from a “sell” rating to a “hold” rating in a research report on Sunday, May 14th. Five equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $60.00.

Sturm, Ruger & Company Profile

Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.

Receive News & Ratings for Sturm Ruger & Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sturm Ruger & Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.