Northern Trust Corp Grows Stake in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Northern Trust Corp raised its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,831 shares of the company’s stock after acquiring an additional 22,670 shares during the period. Northern Trust Corp owned approximately 1.10% of Sturm, Ruger & Company, Inc. worth $6,537,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of Sturm, Ruger & Company, Inc. by 71.7% in the fourth quarter. Wellington Management Group LLP now owns 411,918 shares of the company’s stock worth $14,570,000 after buying an additional 172,055 shares during the period. Norges Bank bought a new position in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth $3,493,000. Dimensional Fund Advisors LP grew its position in shares of Sturm, Ruger & Company, Inc. by 119.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company’s stock worth $6,284,000 after buying an additional 96,703 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Sturm, Ruger & Company, Inc. by 74.8% during the 4th quarter. Teacher Retirement System of Texas now owns 131,093 shares of the company’s stock worth $4,637,000 after purchasing an additional 56,087 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth $1,895,000. 64.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Timothy Lowney acquired 2,200 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Tuesday, May 6th. The stock was purchased at an average cost of $33.37 per share, with a total value of $73,414.00. Following the purchase, the vice president now directly owns 8,874 shares in the company, valued at approximately $296,125.38. The trade was a 32.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Phillip Widman bought 4,000 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $33.58 per share, with a total value of $134,320.00. Following the completion of the purchase, the director now owns 31,757 shares in the company, valued at approximately $1,066,400.06. This represents a 14.41% increase in their position. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Sturm, Ruger & Company, Inc. from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 5th.

Sturm, Ruger & Company, Inc. Trading Down 0.3%

Shares of RGR opened at $36.81 on Tuesday. Sturm, Ruger & Company, Inc. has a 12 month low of $32.74 and a 12 month high of $46.40. The stock’s 50 day moving average is $38.32 and its two-hundred day moving average is $37.55. The firm has a market cap of $609.39 million, a P/E ratio of 20.80 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The company had revenue of $135.74 million for the quarter, compared to analysts’ expectations of $148.05 million. During the same quarter in the previous year, the business posted $0.40 EPS. The business’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.72 annualized dividend and a yield of 1.96%. Sturm, Ruger & Company, Inc.’s payout ratio is 39.34%.

Sturm, Ruger & Company, Inc. Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.