Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.49 and traded as high as $38.70. Sturm, Ruger & Company, Inc. shares last traded at $37.8160, with a volume of 211,121 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Sturm, Ruger & Company, Inc. Stock Up 1.0%

The business’s fifty day simple moving average is $33.33 and its two-hundred day simple moving average is $36.49. The company has a market cap of $602.79 million, a price-to-earnings ratio of 290.89 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). Sturm, Ruger & Company, Inc. had a net margin of 0.48% and a return on equity of 8.76%. The company had revenue of $126.77 million during the quarter, compared to analysts’ expectations of $124.22 million. During the same period last year, the firm earned $0.28 earnings per share. Sturm, Ruger & Company, Inc.’s revenue was up 3.7% on a year-over-year basis. Sell-side analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, November 17th. Sturm, Ruger & Company, Inc.’s payout ratio is presently 123.08%.

Institutional Investors Weigh In On Sturm, Ruger & Company, Inc.

A number of institutional investors and hedge funds have recently made changes to their positions in RGR. Assenagon Asset Management S.A. acquired a new stake in Sturm, Ruger & Company, Inc. during the 3rd quarter worth approximately $1,931,000. Ballentine Partners LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. in the second quarter valued at approximately $325,000. American Century Companies Inc. raised its stake in shares of Sturm, Ruger & Company, Inc. by 27.1% during the second quarter. American Century Companies Inc. now owns 202,284 shares of the company’s stock worth $7,262,000 after purchasing an additional 43,079 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the second quarter worth $427,000. Finally, Deprince Race & Zollo Inc. acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the third quarter worth $1,700,000. 64.00% of the stock is owned by hedge funds and other 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.