Trump announces trade deal with EU following months of negotiations
In a recent transaction disclosed by Sturm Ruger & Co. Inc. (NYSE:RGR), Director Christopher John Killoy sold 8,583 shares of the company’s common stock. The shares were sold at an average price of $37.0053 each, amounting to a total transaction value of $317,616. Following this sale, Killoy holds 41,559 shares, which are jointly owned with his spouse.
This transaction was executed automatically as part of a Rule 10b5-1 trading plan, which Killoy adopted on February 26, 2025. Such plans allow insiders to set up a predetermined schedule for selling stocks, helping them avoid potential accusations of insider trading. According to InvestingPro analysis, the company currently trades below its Fair Value, with management actively buying back shares and maintaining strong profitability metrics, including a P/E ratio of 19.87. For deeper insights, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Sturm, Ruger & Company reported disappointing financial results for the first quarter of 2025. The company revealed earnings per share of $0.46, which fell short of the projected $0.67, while revenue reached $135.7 million, missing the anticipated $148.6 million. This earnings miss comes amidst a challenging firearms market, with a noted decline in retail firearm unit sales. Despite these setbacks, Sturm Ruger remains debt-free and plans to increase its capital expenditures significantly, focusing on new product launches and expanding its product platforms.
Additionally, Sturm Ruger has amended its by-laws to allow shareholder actions without a meeting, provided there is written consent from enough stockholders. This amendment is part of a broader trend among corporations to enhance shareholder engagement and simplify governance procedures. Meanwhile, the U.S. Supreme Court dismissed a lawsuit by Mexico against American gun companies, including Smith & Wesson, which accused them of contributing to gun violence in Mexico. The court’s decision favored the gun companies, citing the Protection of Lawful Commerce in Arms Act. These developments reflect the ongoing complexities in the firearms industry and regulatory environment.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.