Tower Research Capital LLC TRC Raises Stock Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Tower Research Capital LLC TRC boosted its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 15.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,432 shares of the company’s stock after purchasing an additional 318 shares during the period. Tower Research Capital LLC TRC’s holdings in Sturm, Ruger & Company, Inc. were worth $140,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in Sturm, Ruger & Company, Inc. during the 2nd quarter worth approximately $26,000. International Assets Investment Management LLC bought a new position in Sturm, Ruger & Company, Inc. during the 1st quarter worth approximately $55,000. Geneos Wealth Management Inc. lifted its holdings in Sturm, Ruger & Company, Inc. by 44.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,139 shares of the company’s stock worth $79,000 after buying an additional 352 shares during the last quarter. Denali Advisors LLC bought a new position in Sturm, Ruger & Company, Inc. during the 1st quarter worth approximately $86,000. Finally, Morgan Dempsey Capital Management LLC lifted its holdings in Sturm, Ruger & Company, Inc. by 23.0% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,341 shares of the company’s stock worth $93,000 after buying an additional 251 shares during the last quarter. Institutional investors own 64.23% of the company’s stock.

Insider Buying and Selling

In related news, CEO Christopher John Killoy sold 10,105 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $53.02, for a total value of $535,767.10. Following the sale, the chief executive officer now directly owns 50,827 shares in the company, valued at approximately $2,694,847.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.30% of the company’s stock.

Sturm, Ruger & Company, Inc. Trading Up 1.1 %

Shares of NYSE RGR opened at $52.18 on Thursday. The company has a market cap of $924.63 million, a price-to-earnings ratio of 13.70 and a beta of 0.51. Sturm, Ruger & Company, Inc. has a 12-month low of $49.50 and a 12-month high of $63.21. The stock’s 50 day simple moving average is $53.18 and its 200 day simple moving average is $54.62.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The business had revenue of $142.80 million for the quarter, compared to the consensus estimate of $137.91 million. Sturm, Ruger & Company, Inc. had a return on equity of 19.81% and a net margin of 11.69%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.17 EPS.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Tuesday, August 15th were issued a $0.36 dividend. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, August 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.76%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is 37.80%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Sturm, Ruger & Company, Inc. from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates through two segments, Firearms and Castings. The company provides 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, as well as manufactures lever-action rifles under the Marlin name and trademark.