Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Gap Up to $49.59

Posted by Defense World Staff on Sep 10th, 2023

Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $49.59, but opened at $50.84. Sturm, Ruger & Company, Inc. shares last traded at $50.69, with a volume of 16,000 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a report on Thursday.

Read Our Latest Stock Report on Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc. Price Performance

The firm has a fifty day simple moving average of $52.93 and a 200 day simple moving average of $54.32. The company has a market capitalization of $892.38 million, a price-to-earnings ratio of 13.22 and a beta of 0.49.

Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. Sturm, Ruger & Company, Inc. had a return on equity of 19.81% and a net margin of 11.69%. The company had revenue of $142.80 million for the quarter, compared to analyst estimates of $137.91 million. During the same period last year, the company earned $1.17 earnings per share. Sturm, Ruger & Company, Inc.’s quarterly revenue was up 1.5% compared to the same quarter last year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 15th were issued a $0.36 dividend. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.32. This represents a $1.44 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Monday, August 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is presently 37.80%.

Institutional Trading of Sturm, Ruger & Company, Inc.

Institutional investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd acquired a new stake in Sturm, Ruger & Company, Inc. in the second quarter valued at approximately $26,000. International Assets Investment Management LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. in the first quarter valued at approximately $55,000. Spire Wealth Management lifted its position in shares of Sturm, Ruger & Company, Inc. by 148.4% in the first quarter. Spire Wealth Management now owns 996 shares of the company’s stock valued at $57,000 after acquiring an additional 595 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Sturm, Ruger & Company, Inc. by 44.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,139 shares of the company’s stock valued at $79,000 after acquiring an additional 352 shares in the last quarter. Finally, Denali Advisors LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. in the first quarter valued at approximately $86,000. 64.23% of the stock is owned by institutional investors and hedge funds.

About Sturm, Ruger & Company, Inc.

(Get Free Report)

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates through two segments, Firearms and Castings. The company provides 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, as well as manufactures lever-action rifles under the Marlin name and trademark.