Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock Crosses Above 200 Day Moving Average – What’s Next?

Sturm, Ruger & Company, Inc. (NYSE:RGR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.31 and traded as high as $39.39. Sturm, Ruger & Company, Inc. shares last traded at $39.1690, with a volume of 134,937 shares.

Analyst Upgrades and Downgrades

RGR has been the subject of several recent analyst reports. Lake Street Capital upped their target price on Sturm, Ruger & Company, Inc. from $41.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Monday, December 29th. Finally, Zacks Research downgraded Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $43.00.

Sturm, Ruger & Company, Inc. Stock Performance

The company has a market cap of $624.35 million, a PE ratio of -139.89 and a beta of 0.19. The company’s 50 day moving average price is $37.62 and its 200-day moving average price is $37.31.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings data 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 analysts’ expectations of $139.24 million. During the same quarter in the previous year, the company posted $0.62 EPS. Sturm, Ruger & Company, Inc.’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.04. Sturm, Ruger & Company, Inc.’s payout ratio is currently -57.14%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RGR. The Manufacturers Life Insurance Company boosted its position in Sturm, Ruger & Company, Inc. by 5.2% during the second 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. XTX Topco Ltd raised its position in shares of Sturm, Ruger & Company, Inc. by 2.3% in the second quarter. XTX Topco Ltd now owns 16,890 shares of the company’s stock valued at $606,000 after purchasing an additional 372 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Sturm, Ruger & Company, Inc. by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company’s stock valued at $384,000 after purchasing an additional 390 shares during the period. Nebula Research & Development LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 2.6% during the 2nd quarter. Nebula Research & Development LLC now owns 15,405 shares of the company’s stock valued at $553,000 after buying an additional 391 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Sturm, Ruger & Company, Inc. by 4.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,625 shares of the company’s stock valued at $347,000 after buying an additional 432 shares in the last quarter. Institutional investors own 64.00% of the company’s stock.

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.