Sturm Ruger director Pettet buys $16k+ in shares

Published 13/08/2025, 16:44
Sturm Ruger director Pettet buys $16k+ in shares

Director Bruce T. Pettet of Sturm Ruger & Co Inc (NYSE:RGR) purchased 500 shares of common stock on August 11, 2025, at a price of $33.10, in one transaction, for a total value of $16550. Following the transaction, Pettet directly owns 6606 shares of Sturm Ruger. The stock, currently trading at $34.53, appears undervalued according to InvestingPro analysis, with a 17-year track record of consistent dividend payments and a current yield of 1.89%. Discover more insights about RGR and 1,400+ other stocks through comprehensive Pro Research Reports, available exclusively on InvestingPro.

In other recent news, Sturm Ruger & Company Inc. reported its Q2 2025 earnings, which showed a mixed performance. The company posted adjusted diluted earnings per share (EPS) of $0.41, falling short of the $0.51 forecast by analysts, resulting in a 19.61% negative surprise. However, the company exceeded revenue expectations, reporting $132.5 million against a forecast of $121.99 million, marking an 8.62% positive surprise. Additionally, new products launched within the past two years contributed significantly to sales, accounting for 34% of firearm sales in the second quarter, up from 32% in the first quarter. Despite these developments, Aegis Capital reiterated its Hold rating on Sturm Ruger with a price target of $48.00, citing solid new product contributions despite industry headwinds. The firearms manufacturer reported a 4% decline in unit sell-through from independent distributors to retailers, matching the overall industry decline in NICS background checks. These recent developments provide a nuanced view of Sturm Ruger’s current market position and performance.

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