Sturm, Ruger & Company, Inc. (RGR) Downgraded to “Buy” at BidaskClub

BidaskClub cut shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) from a strong-buy rating to a buy rating in a research report sent to investors on Monday, July 24th.

Other equities analysts have also recently issued research reports about the stock. Forward View raised shares of Sturm, Ruger & from a sell rating to a hold rating in a research report on Sunday, May 14th. Zacks Investment Research cut shares of Sturm, Ruger & from a buy rating to a hold rating in a research report on Saturday, July 15th. ValuEngine cut shares of Sturm, Ruger & from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, Wunderlich raised their price target on shares of Sturm, Ruger & from $51.00 to $62.00 and gave the company a hold rating in a research report on Wednesday, May 10th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company has an average rating of Hold and an average target price of $60.00.

Sturm, Ruger & (NYSE:RGR) opened at 49.25 on Monday. Sturm, Ruger & has a 12 month low of $47.15 and a 12 month high of $68.60. The stock has a market cap of $870.30 million and a PE ratio of 12.48. The company’s 50 day moving average price is $56.23 and its 200 day moving average price is $57.25.

Sturm, Ruger & (NYSE:RGR) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.54. The company had revenue of $131.90 million for the quarter, compared to analysts’ expectations of $159.60 million. Sturm, Ruger & had a return on equity of 29.70% and a net margin of 11.74%. The business’s revenue for the quarter was down 21.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.22 EPS. Equities analysts forecast that Sturm, Ruger & will post $3.69 EPS for the current fiscal year.

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Sturm, Ruger & announced that its Board of Directors has authorized a share buyback plan on Monday, May 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 9.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a $0.23 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.87%. Sturm, Ruger &’s payout ratio is 23.47%.

In other news, Director Ronald C. Whitaker sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $62.51, for a total value of $625,100.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Lang sold 20,000 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $66.90, for a total transaction of $1,338,000.00. Following the completion of the sale, the insider now owns 3,612 shares in the company, valued at $241,642.80. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in RGR. BlackRock Inc. raised its stake in shares of Sturm, Ruger & by 179,012.8% in the first quarter. BlackRock Inc. now owns 2,663,408 shares of the company’s stock valued at $142,625,000 after buying an additional 2,661,921 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Sturm, Ruger & by 4.8% in the first quarter. Vanguard Group Inc. now owns 2,321,126 shares of the company’s stock valued at $124,296,000 after buying an additional 105,980 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Sturm, Ruger & by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 666,421 shares of the company’s stock valued at $35,120,000 after buying an additional 2,065 shares in the last quarter. State Street Corp raised its position in Sturm, Ruger & by 2.0% in the second quarter. State Street Corp now owns 426,242 shares of the company’s stock worth $26,493,000 after buying an additional 8,446 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Sturm, Ruger & by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 378,471 shares of the company’s stock worth $20,268,000 after buying an additional 15,677 shares in the last quarter. Hedge funds and other institutional investors own 86.93% of the company’s stock.

About Sturm, Ruger &

Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.

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