Sturm, Ruger & Company, Inc. (NYSE:RGR) Cut to “Buy” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen downgraded shares of Sturm, Ruger & Company, Inc. (NYSE:RGR – Free Report) from a strong-buy rating to a buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

RGR has been the subject of several other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Friday, October 30th. Zacks Research upgraded shares of Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Sturm, Ruger & Company, Inc. has an average rating of “Hold” and a consensus target price of $46.00.

Get Our Latest Report on RGR

Sturm, Ruger & Company, Inc. Stock Up 1.8%

Shares of Sturm, Ruger & Company, Inc. stock opened at $50.83 on Friday. The business has a 50 day moving average of $43.01 and a 200 day moving average of $40.00. Sturm, Ruger & Company, Inc. has a 52 week low of $28.33 and a 52 week high of $52.30. The company has a market cap of $812.18 million, a PE ratio of 35.40 and a beta of 0.11.

Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.07. The business had revenue of $147.63 million for the quarter, compared to analysts’ expectations of $131.03 million. Sturm, Ruger & Company, Inc. had a net margin of 2.74% and a return on equity of 8.02%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share. On average, research analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.49 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 20th will be given a dividend of $0.18 per share. This is a drop from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.21. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 20th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 83.17%.

Insiders Place Their Bets

In other Sturm, Ruger & Company, Inc. news, VP Michael Wilson sold 628 shares of the stock in a transaction on Monday, October 26th. The stock was sold at an average price of $45.47, for a total value of $28,555.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,828 shares of company stock valued at $77,725 over the last 90 days. 4.60% of the stock is owned by corporate insiders.

Institutional Trading of Sturm, Ruger & Company, Inc.

A number of hedge funds have recently modified their holdings of RGR. Russell Investments Group Ltd. increased its stake in shares of Sturm, Ruger & Company, Inc. by 15.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 141,693 shares of the company’s stock worth $6,019,000 after acquiring an additional 19,005 shares in the last quarter. R Squared Ltd purchased a new position in Sturm, Ruger & Company, Inc. during the 3rd quarter valued at about $359,000. Parallel Advisors LLC lifted its position in Sturm, Ruger & Company, Inc. by 630.0% during the 3rd quarter. Parallel Advisors LLC now owns 3,672 shares of the company’s stock valued at $156,000 after acquiring an additional 3,169 shares during the period. Commonwealth Equity Services LLC purchased a new position in Sturm, Ruger & Company, Inc. during the 3rd quarter valued at about $237,000. Finally, State of Wyoming boosted its stake in Sturm, Ruger & Company, Inc. by 66.6% during the third quarter. State of Wyoming now owns 11,189 shares of the company’s stock worth $475,000 after acquiring an additional 4,471 shares in the last quarter. Institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Company Profile

(Get Free Report)

Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms for the commercial sporting market. Its product portfolio includes pistols, revolvers, rifles, and related accessories marketed under the Ruger brand. The company serves customers through independent distributors, retailers, and other firearms dealers.

Founded in 1949 by William B. Ruger and Alexander M. Sturm, the company is one of the largest firearms manufacturers in the United States. Its products are manufactured in the U.S.

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