Sturm Ruger & Company Inc (RGR) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Sturm Ruger & Company Inc (NYSE:RGR) from a sell rating to a hold rating in a research report report published on Wednesday, July 25th.

According to Zacks, “Sturm, Ruger & Co., Inc. is one of the nation’s leading manufacturers of rugged, reliable firearms for the commercial sporting market. As a full-line manufacturer of American-made firearms, Ruger offers consumers of variations of the product lines, from the ubiquitous 10/22® and Mini-14®, to the new and exciting LCP® II, Mark IV™, Ruger American Pistol®, Ruger Precision Rifle®, SR-556 Takedown®, AR-556® and Ruger American Rifle®. Their awarding-winning products (the Gunsite Scout Rifle, SR9c®, LCR® and LCP®) all prove that Ruger has a rugged, reliable firearm to meet every shooter’s needs. Ruger has been a model of corporate and community responsibility. Their motto, Arms Makers for Responsible Citizens®, echoes their commitment to these principles as they work hard to deliver quality and innovative firearms. “

Separately, TheStreet upgraded shares of Sturm Ruger & Company Inc from a c+ rating to a b- rating in a report on Friday, April 6th.

Shares of RGR stock opened at $57.90 on Wednesday. The company has a market cap of $981.14 million, a price-to-earnings ratio of 20.10 and a beta of -0.08. Sturm Ruger & Company Inc has a 52 week low of $43.00 and a 52 week high of $64.55.

Sturm Ruger & Company Inc (NYSE:RGR) last announced its earnings results on Wednesday, August 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. Sturm Ruger & Company Inc had a net margin of 10.19% and a return on equity of 20.69%. The firm had revenue of $128.41 million for the quarter, compared to the consensus estimate of $133.20 million. During the same period last year, the company posted $0.57 EPS. The business’s quarterly revenue was down 2.6% on a year-over-year basis. equities analysts anticipate that Sturm Ruger & Company Inc will post 3.6 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Friday, August 17th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.35%. This is a boost from Sturm Ruger & Company Inc’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, August 16th. Sturm Ruger & Company Inc’s payout ratio is 44.44%.

In other Sturm Ruger & Company Inc news, VP Kevin B. Sr Reid, Sr. sold 2,000 shares of Sturm Ruger & Company Inc stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $64.00, for a total transaction of $128,000.00. Following the completion of the transaction, the vice president now directly owns 36,493 shares of the company’s stock, valued at $2,335,552. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Amir Rosenthal sold 4,000 shares of Sturm Ruger & Company Inc stock in a transaction on Monday, June 11th. The stock was sold at an average price of $60.85, for a total transaction of $243,400.00. Following the transaction, the director now directly owns 15,474 shares of the company’s stock, valued at $941,592.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,000 shares of company stock valued at $497,400. Company insiders own 4.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Elkfork Partners LLC bought a new stake in shares of Sturm Ruger & Company Inc in the fourth quarter valued at about $108,000. Glenmede Trust Co. NA raised its stake in Sturm Ruger & Company Inc by 200.0% in the fourth quarter. Glenmede Trust Co. NA now owns 2,250 shares of the company’s stock valued at $124,000 after purchasing an additional 1,500 shares in the last quarter. WP Advisors LLC acquired a new position in Sturm Ruger & Company Inc in the second quarter valued at about $165,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Sturm Ruger & Company Inc in the second quarter valued at about $207,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Sturm Ruger & Company Inc in the second quarter valued at about $208,000. 91.07% of the stock is owned by institutional investors.

Sturm Ruger & Company Inc Company Profile

Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates in two segments, Firearms and Castings. The company offers single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts.

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