Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $38.69 and traded as high as $40.09. Sturm, Ruger & Company, Inc. shares last traded at $39.50, with a volume of 160,752 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 24th.

Sturm, Ruger & Company, Inc. Price Performance

The stock has a market capitalization of $662.02 million, a P/E ratio of 22.31 and a beta of 0.18. The stock’s 50-day simple moving average is $36.26 and its 200 day simple moving average is $38.69.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.62. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The company had revenue of $145.78 million during the quarter, compared to analysts’ expectations of $137.77 million. During the same quarter last year, the company posted $0.58 EPS. As a group, analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, March 14th. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s payout ratio is currently 54.24%.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

A number of large investors have recently made changes to their positions in the company. Rule One Partners LLC acquired a new position in Sturm, Ruger & Company, Inc. in the 3rd quarter valued at $9,142,000. Weiss Asset Management LP bought a new stake in shares of Sturm, Ruger & Company, Inc. in the third quarter valued at about $2,065,000. International Assets Investment Management LLC grew its stake in shares of Sturm, Ruger & Company, Inc. by 4,075.7% in the third quarter. International Assets Investment Management LLC now owns 19,041 shares of the company’s stock valued at $794,000 after acquiring an additional 18,585 shares in the last quarter. Quest Partners LLC increased its position in Sturm, Ruger & Company, Inc. by 4,027.7% during the third quarter. Quest Partners LLC now owns 21,877 shares of the company’s stock worth $912,000 after acquiring an additional 21,347 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Sturm, Ruger & Company, Inc. by 323,785.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company’s stock worth $802,000 after purchasing an additional 22,665 shares in the last quarter. Institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates under the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.