Advisory Services Network LLC Invests $182,000 in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Advisory Services Network LLC bought a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGRFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,007 shares of the company’s stock, valued at approximately $182,000.

Other institutional investors and hedge funds have also modified their holdings of the company. MQS Management LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the third quarter worth about $220,000. Rafferty Asset Management LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 6.5% during the third quarter. Rafferty Asset Management LLC now owns 5,679 shares of the company’s stock worth $296,000 after purchasing an additional 345 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the third quarter worth about $310,000. Louisiana State Employees Retirement System purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the fourth quarter worth about $405,000. Finally, Kestra Private Wealth Services LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 68.5% during the third quarter. Kestra Private Wealth Services LLC now owns 9,757 shares of the company’s stock worth $509,000 after purchasing an additional 3,968 shares in the last quarter. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Trading Down 0.7 %

Shares of NYSE RGR opened at $42.81 on Friday. Sturm, Ruger & Company, Inc. has a 12-month low of $42.00 and a 12-month high of $56.20. The stock has a market cap of $744.89 million, a PE ratio of 18.53 and a beta of 0.26. The company has a 50-day moving average of $44.99 and a 200 day moving average of $44.60.

Sturm, Ruger & Company, Inc. (NYSE:RGRGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.44). Sturm, Ruger & Company, Inc. had a net margin of 7.71% and a return on equity of 12.30%. The business had revenue of $136.80 million for the quarter, compared to analysts’ expectations of $153.40 million. During the same period in the prior year, the company posted $0.81 EPS. The firm’s revenue was down 8.5% on a year-over-year basis. On average, sell-side analysts forecast that Sturm, Ruger & Company, Inc. will post 3.87 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 20th will be issued a $0.16 dividend. The ex-dividend date is Friday, May 17th. This represents a $0.64 annualized dividend and a yield of 1.49%. Sturm, Ruger & Company, Inc.’s payout ratio is 27.71%.

Insider Buying and Selling at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, CEO Christopher John Killoy sold 554 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $47.00, for a total value of $26,038.00. Following the transaction, the chief executive officer now directly owns 49,145 shares in the company, valued at approximately $2,309,815. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sturm, Ruger & Company, Inc. news, Director Amir Rosenthal sold 1,750 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $43.00, for a total value of $75,250.00. Following the transaction, the director now directly owns 17,554 shares in the company, valued at approximately $754,822. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher John Killoy sold 554 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $47.00, for a total transaction of $26,038.00. Following the completion of the transaction, the chief executive officer now owns 49,145 shares in the company, valued at $2,309,815. The disclosure for this sale can be found here. Insiders have sold 5,474 shares of company stock worth $250,278 in the last ninety days. 3.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Lake Street Capital raised shares of Sturm, Ruger & Company, Inc. to a “strong-buy” rating in a research note on Wednesday, May 8th.

Read Our Latest Analysis on Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc. Profile

(Free Report)

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern 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.

See Also

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Institutional Ownership by Quarter for Sturm, Ruger & Company, Inc. (NYSE:RGR)

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