Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.49 and traded as high as $38.70. Sturm, Ruger & Company, Inc. shares last traded at $37.8160, with a volume of 211,121 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Sturm, Ruger & Company, Inc. currently has a consensus rating of “Sell”.

Sturm, Ruger & Company, Inc. Price Performance

The firm’s 50-day moving average price is $33.33 and its 200 day moving average price is $36.49. The firm has a market capitalization of $602.79 million, a price-to-earnings ratio of 290.89 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). Sturm, Ruger & Company, Inc. had a net margin of 0.48% and a return on equity of 8.76%. The company had revenue of $126.77 million for the quarter, compared to analyst estimates of $124.22 million. During the same quarter last year, the company posted $0.28 EPS. Sturm, Ruger & Company, Inc.’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, November 17th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 123.08%.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

Institutional investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in Sturm, Ruger & Company, Inc. during the fourth quarter worth approximately $29,000. GAMMA Investing LLC lifted its position in Sturm, Ruger & Company, Inc. by 158.2% during the fourth quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock worth $40,000 after buying an additional 745 shares during the period. Parallel Advisors LLC boosted its stake in Sturm, Ruger & Company, Inc. by 176.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock worth $49,000 after buying an additional 720 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Sturm, Ruger & Company, Inc. by 259.6% in 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 during the period. Finally, Cornerstone Planning Group LLC grew its holdings in Sturm, Ruger & Company, Inc. by 2,075.8% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,436 shares of the company’s stock valued at $62,000 after buying an additional 1,370 shares during the period. Institutional investors and hedge funds own 64.00% of the company’s stock.

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.