BNP Paribas Financial Markets Buys 18,180 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

BNP Paribas Financial Markets grew its position in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 209.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,873 shares of the company’s stock after purchasing an additional 18,180 shares during the period. BNP Paribas Financial Markets owned about 0.16% of Sturm, Ruger & Company, Inc. worth $950,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in RGR. Jones Financial Companies Lllp grew its position in Sturm, Ruger & Company, Inc. by 32.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company’s stock worth $71,000 after acquiring an additional 495 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Sturm, Ruger & Company, Inc. in the fourth quarter worth $245,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Sturm, Ruger & Company, Inc. by 12.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,206 shares of the company’s stock worth $291,000 after purchasing an additional 907 shares during the last quarter. Inceptionr LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at $321,000. Finally, MetLife Investment Management LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 7.2% in the fourth quarter. MetLife Investment Management LLC now owns 10,247 shares of the company’s stock valued at $362,000 after buying an additional 692 shares in the last quarter. Institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Trading Down 1.4%

Shares of NYSE RGR opened at $36.02 on Thursday. Sturm, Ruger & Company, Inc. has a 1-year low of $32.74 and a 1-year high of $46.40. The company has a 50-day moving average of $38.16 and a two-hundred day moving average of $37.53. The company has a market cap of $596.29 million, a PE ratio of 20.35 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The company had revenue of $135.74 million during the quarter, compared to analyst estimates of $148.05 million. During the same period in the prior year, the business earned $0.40 EPS. The business’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities research analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.18 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.72 annualized dividend and a dividend yield of 2.00%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 39.34%.

Insider Transactions at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, Director Phillip Widman purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was 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 directly owns 31,757 shares in the company, valued at approximately $1,066,400.06. This represents a 14.41% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy Lowney acquired 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $33.37 per share, for a total transaction of $73,414.00. Following the completion of the acquisition, the vice president now directly owns 8,874 shares of the company’s stock, valued at $296,125.38. This trade represents a 32.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Sturm, Ruger & Company, Inc. Company 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.