Allspring Global Investments Holdings LLC Acquires 233 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Allspring Global Investments Holdings LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,898 shares of the company’s stock after acquiring an additional 233 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Sturm, Ruger & Company, Inc. were worth $312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RGR. Point72 Hong Kong Ltd bought a new stake in shares of Sturm, Ruger & Company, Inc. in the 2nd quarter valued at $26,000. Spire Wealth Management increased its position in shares of Sturm, Ruger & Company, Inc. by 148.4% in the 1st quarter. Spire Wealth Management now owns 996 shares of the company’s stock valued at $57,000 after buying an additional 595 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Sturm, Ruger & Company, Inc. by 44.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,139 shares of the company’s stock valued at $79,000 after buying an additional 352 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its position in shares of Sturm, Ruger & Company, Inc. by 23.0% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,341 shares of the company’s stock valued at $93,000 after buying an additional 251 shares in the last quarter. Finally, Fortis Capital Advisors LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at $114,000. Institutional investors own 64.23% of the company’s stock.

Insider Transactions at Sturm, Ruger & Company, Inc.

In other news, VP Michael W. Wilson sold 687 shares of the stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $55.00, for a total transaction of $37,785.00. Following the completion of the transaction, the vice president now directly owns 1,290 shares in the company, valued at approximately $70,950. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Michael W. Wilson sold 687 shares of the stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $55.00, for a total transaction of $37,785.00. Following the completion of the transaction, the vice president now directly owns 1,290 shares in the company, valued at approximately $70,950. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Amir Rosenthal sold 500 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $55.00, for a total transaction of $27,500.00. Following the completion of the sale, the director now owns 16,652 shares of the company’s stock, valued at $915,860. The disclosure for this sale can be found here. Insiders sold a total of 2,106 shares of company stock worth $115,830 in the last three months. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Aegis restated a “hold” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Tuesday, September 12th. TheStreet cut Sturm, Ruger & Company, Inc. from a “b-” rating to a “c” rating in a report on Friday, November 3rd. Finally, StockNews.com cut Sturm, Ruger & Company, Inc. from a “strong-buy” rating to a “buy” rating in a report on Friday, November 3rd.

Sturm, Ruger & Company, Inc. Trading Up 2.1 %

RGR stock opened at $45.14 on Friday. The stock has a 50-day moving average price of $51.36 and a two-hundred day moving average price of $52.61. The stock has a market cap of $800.02 million, a PE ratio of 14.11 and a beta of 0.41. Sturm, Ruger & Company, Inc. has a 1 year low of $43.09 and a 1 year high of $63.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its earnings results on Wednesday, November 1st. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.46). Sturm, Ruger & Company, Inc. had a return on equity of 17.42% and a net margin of 10.12%. The firm had revenue of $120.89 million for the quarter, compared to the consensus estimate of $137.42 million. During the same quarter last year, the company posted $1.03 EPS. Sturm, Ruger & Company, Inc.’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, analysts forecast that Sturm, Ruger & Company, Inc. will post 3.66 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.51%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 21.25%.

Sturm, Ruger & Company, Inc. Profile

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.