Sturm, Ruger & Company, Inc. (NYSE:RGR) Short Interest Update
by Scott Moore · The Cerbat GemSturm, Ruger & Company, Inc. (NYSE:RGR – Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 609,902 shares, a decline of 14.8% from the March 31st total of 716,209 shares. Based on an average daily volume of 152,062 shares, the days-to-cover ratio is currently 4.0 days. Approximately 4.0% of the shares of the company are sold short.
Sturm, Ruger & Company, Inc. Price Performance
Sturm, Ruger & Company, Inc. stock traded down $0.15 during midday trading on Friday, hitting $43.24. The company’s stock had a trading volume of 94,915 shares, compared to its average volume of 175,321. Sturm, Ruger & Company, Inc. has a 1-year low of $28.33 and a 1-year high of $48.21. The company has a 50-day moving average price of $40.20 and a two-hundred day moving average price of $37.63. The company has a market cap of $689.51 million, a price-to-earnings ratio of -154.41 and a beta of 0.15.
Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Free Report) last released its earnings results on Monday, March 2nd. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). Sturm, Ruger & Company, Inc. had a negative net margin of 0.80% and a positive return on equity of 6.93%. The firm had revenue of $151.06 million during the quarter, compared to the consensus estimate of $139.24 million. During the same period in the prior year, the business earned $0.62 earnings per share. Sturm, Ruger & Company, Inc.’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts forecast that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current year.
Sturm, Ruger & Company, Inc. Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.32 annualized dividend and a yield of 0.7%. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.04. Sturm, Ruger & Company, Inc.’s payout ratio is -114.29%.
Wall Street Analysts Forecast Growth
RGR has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Friday, March 27th. Lake Street Capital lifted their price objective on shares of Sturm, Ruger & Company, Inc. from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Finally, Zacks Research cut shares of Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $43.00.
Read Our Latest Research Report on Sturm, Ruger & Company, Inc.
Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.
Several hedge funds have recently bought and sold shares of RGR. The Manufacturers Life Insurance Company lifted its position in shares of Sturm, Ruger & Company, Inc. by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,002 shares of the company’s stock worth $215,000 after purchasing an additional 299 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Sturm, Ruger & Company, Inc. by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company’s stock worth $384,000 after purchasing an additional 390 shares during the period. Nebula Research & Development LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 2.6% in the 2nd quarter. Nebula Research & Development LLC now owns 15,405 shares of the company’s stock worth $553,000 after purchasing an additional 391 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Sturm, Ruger & Company, Inc. by 4.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,625 shares of the company’s stock worth $347,000 after purchasing an additional 432 shares during the period. Finally, Ballentine Partners LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 4.9% in the 3rd quarter. Ballentine Partners LLC now owns 9,507 shares of the company’s stock worth $413,000 after purchasing an additional 442 shares during the period. 64.00% of the stock is owned by institutional investors.
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.