Amir Rosenthal, Director of Sturm Ruger & Co Inc (NYSE:RGR), recently sold 500 shares of the company’s stock. The shares were sold at $35.64 each, for a total of $17,820. This transaction, completed on January 2, 2025, was part of a predetermined Rule 10b5-1 trading plan adopted by Rosenthal in August 2024. Following the sale, Rosenthal retains ownership of 17,054 shares in the company.
In other recent news, Sturm, Ruger & Company, Inc. reported mixed financial results for the third quarter of 2024. The firearms maker showed a slight increase in net sales, rising to $122.3 million from $120.9 million in the year-ago quarter. However, diluted earnings per share decreased from $0.42 in Q3 2023 to $0.28 in Q3 2024. The company maintains a strong financial position with $96 million in cash and short-term investments and no debt.
Sturm, Ruger also announced upcoming changes in its board leadership, with John A. Cosentino, Jr. who will succeed Ronald C. Whitaker as chairman of the board, effective January 1, 2025. Phillip C. Widman will take over from mr. Cosentino in the role of Chief Vice President of the Board. In other developments, the company updated severance agreements with key executives and returned $39.3 million to its shareholders in the first nine months of 2024 through dividends and share buybacks.
These are recent events for Sturm, Ruger & Company, Inc. Investors may view these changes as part of the company’s commitment to innovation and strategic growth.
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