Sturm Ruger & Company Inc (NYSE:RGR) announced a quarterly dividend on Wednesday, August 1st, RTT News reports. Stockholders of record on Friday, August 17th will be paid a dividend of 0.34 per share on Friday, August 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.55%. This is an increase from Sturm Ruger & Company Inc’s previous quarterly dividend of $0.32.
Sturm Ruger & Company Inc has decreased its dividend payment by an average of 5.7% annually over the last three years. Sturm Ruger & Company Inc has a dividend payout ratio of 32.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Sturm Ruger & Company Inc to earn $4.67 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 27.4%.
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Shares of Sturm Ruger & Company Inc traded down $0.95, reaching $53.25, on Wednesday, Marketbeat reports. 200,600 shares of the company were exchanged, compared to its average volume of 240,732. The stock has a market capitalization of $930.61 million, a price-to-earnings ratio of 18.33 and a beta of -0.01. Sturm Ruger & Company Inc has a 1-year low of $43.00 and a 1-year high of $64.55.
Sturm Ruger & Company Inc (NYSE:RGR) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Sturm Ruger & Company Inc had a return on equity of 19.01% and a net margin of 9.09%. During the same quarter in the previous year, the business posted $0.57 EPS. research analysts forecast that Sturm Ruger & Company Inc will post 3.95 EPS for the current year.
A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Sturm Ruger & Company Inc from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. TheStreet upgraded Sturm Ruger & Company Inc from a “c+” rating to a “b-” rating in a research report on Friday, April 6th.
In related news, Director Amir Rosenthal sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $60.85, for a total value of $243,400.00. Following the sale, the director now directly owns 15,474 shares in the company, valued at approximately $941,592.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Shawn Christopher Leska sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $60.06, for a total value of $300,300.00. Following the completion of the sale, the vice president now owns 14,351 shares in the company, valued at $861,921.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,000 shares of company stock worth $1,163,700. 4.60% of the stock is owned by insiders.
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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