Sturm Ruger & Company Inc (NYSE:RGR) declared a quarterly dividend on Wednesday, October 31st, RTT News reports. Stockholders of record on Friday, November 16th will be paid a dividend of 0.21 per share on Friday, November 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, November 15th.
Sturm Ruger & Company Inc has decreased its dividend by an average of 5.7% per year over the last three years. Sturm Ruger & Company Inc has a payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Sturm Ruger & Company Inc to earn $3.66 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 23.0%.
Shares of Sturm Ruger & Company Inc stock opened at $58.10 on Friday. Sturm Ruger & Company Inc has a 52-week low of $43.00 and a 52-week high of $70.00. The stock has a market cap of $1.01 billion, a PE ratio of 21.03 and a beta of 0.17.
Sturm Ruger & Company Inc (NYSE:RGR) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.40). Sturm Ruger & Company Inc had a return on equity of 19.95% and a net margin of 9.95%. The firm had revenue of $114.95 million for the quarter, compared to analyst estimates of $129.80 million. During the same quarter last year, the firm earned $0.53 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. Research analysts predict that Sturm Ruger & Company Inc will post 2.98 EPS for the current year.
RGR has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Sturm Ruger & Company Inc from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Zacks Investment Research upgraded shares of Sturm Ruger & Company Inc from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th.
In related news, Director Amir Rosenthal sold 3,500 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $65.00, for a total transaction of $227,500.00. Following the sale, the director now owns 11,974 shares of the company’s stock, valued at $778,310. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas Patrick Sullivan sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $54.10, for a total transaction of $162,300.00. Following the sale, the vice president now directly owns 37,810 shares in the company, valued at approximately $2,045,521. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.
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About Sturm Ruger & Company Inc
Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates in two segments, Firearms and Castings. The company offers single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts.
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