Sturm, Ruger & Company, Inc. (NYSE:RGR) Cut to “Buy” at StockNews.com

StockNews.com cut shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) from a strong-buy rating to a buy rating in a research report report published on Monday.

Sturm, Ruger & Company, Inc. Stock Performance

NYSE RGR opened at $34.29 on Monday. The firm has a market capitalization of $567.67 million, a P/E ratio of 19.37 and a beta of 0.22. The stock has a 50-day simple moving average of $39.10 and a two-hundred day simple moving average of $37.89. Sturm, Ruger & Company, Inc. has a fifty-two week low of $33.74 and a fifty-two week high of $47.27.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.19). The company had revenue of $135.74 million during the quarter, compared to analyst estimates of $148.05 million. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share. As a group, analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.18 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.72 dividend on an annualized basis and a yield of 2.10%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently 54.24%.

Institutional Trading of Sturm, Ruger & Company, Inc.

Several institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its stake in Sturm, Ruger & Company, Inc. by 12.6% in the 4th quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company’s stock valued at $7,174,000 after buying an additional 22,736 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Sturm, Ruger & Company, Inc. during the 4th quarter worth approximately $481,000. Inceptionr LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. during the fourth quarter valued at approximately $321,000. Allspring Global Investments Holdings LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 323,785.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company’s stock valued at $802,000 after acquiring an additional 22,665 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Sturm, Ruger & Company, Inc. by 4.5% in the fourth quarter. Rhumbline Advisers now owns 44,956 shares of the company’s stock worth $1,590,000 after acquiring an additional 1,918 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.