Sturm, Ruger & Company, Inc. (NYSE:RGR) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $37.10 and traded as high as $39.20. Sturm, Ruger & Company, Inc. shares last traded at $38.9310, with a volume of 90,157 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Lake Street Capital reissued a “buy” rating and issued a $46.00 price target on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Friday, March 27th. Finally, Zacks Research raised shares of Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $46.00.

Sturm, Ruger & Company, Inc. Stock Down 0.4%

The stock’s 50-day moving average is $40.75 and its 200-day moving average is $37.10. The firm has a market cap of $620.56 million, a P/E ratio of -53.33 and a beta of 0.18.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, May 6th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.07). Sturm, Ruger & Company, Inc. had a positive return on equity of 5.96% and a negative net margin of 2.18%.The company had revenue of $141.36 million for the quarter, compared to the consensus estimate of $137.26 million. During the same period last year, the firm posted $0.46 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. As a group, analysts expect that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.1%. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, May 14th. Sturm, Ruger & Company, Inc.’s payout ratio is presently -60.27%.

Insider Buying and Selling

In other Sturm, Ruger & Company, Inc. news, Director Bruce T. Pettet acquired 1,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $39.89 per share, for a total transaction of $39,890.00. Following the purchase, the director owned 7,606 shares in the company, valued at $303,403.34. This represents a 15.14% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Phillip Widman acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average price of $38.00 per share, with a total value of $190,000.00. Following the purchase, the director owned 45,208 shares in the company, valued at approximately $1,717,904. This represents a 12.44% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 7,500 shares of company stock valued at $288,615. 4.60% of the stock is owned by company insiders.

Institutional Trading of Sturm, Ruger & Company, Inc.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RGR. Kestra Advisory Services LLC bought a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter valued at about $29,000. Group One Trading LLC bought a new stake in Sturm, Ruger & Company, Inc. in the first quarter valued at about $33,000. GAMMA Investing LLC increased its stake in Sturm, Ruger & Company, Inc. by 158.2% in the fourth quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock valued at $40,000 after acquiring an additional 745 shares during the period. Finally, Parallel Advisors LLC increased its stake in Sturm, Ruger & Company, Inc. by 176.5% in the third quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock valued at $49,000 after acquiring an additional 720 shares during the period. Institutional investors 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.