Bank of America Corp DE Has $2.34 Million Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Bank of America Corp DE lessened its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,125 shares of the company’s stock after selling 3,870 shares during the quarter. Bank of America Corp DE owned approximately 0.39% of Sturm, Ruger & Company, Inc. worth $2,339,000 at the end of the most recent reporting period.

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

Sturm, Ruger & Company, Inc. Trading Down 1.8%

Shares of RGR stock opened at $35.54 on Tuesday. The stock has a market cap of $588.36 million, a P/E ratio of 20.08 and a beta of 0.20. The stock has a 50 day simple moving average of $37.54 and a 200 day simple moving average of $37.25. Sturm, Ruger & Company, Inc. has a 1 year low of $32.74 and a 1 year high of $46.40.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.19). The company had revenue of $135.74 million during the quarter, compared to the consensus estimate of $148.05 million. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share. 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 declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Friday, May 16th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 39.34%.

Insider Activity at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, VP Timothy Lowney bought 2,200 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was purchased at an average cost of $33.37 per share, for a total transaction of $73,414.00. Following the completion of the purchase, the vice president now directly owns 8,874 shares of the company’s stock, valued at approximately $296,125.38. This trade represents a 32.96% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Phillip Widman bought 4,000 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price 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 of the company’s stock, valued at approximately $1,066,400.06. The trade was a 14.41% 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Sturm, Ruger & Company, Inc. from a “hold” rating to a “buy” rating in a report on Friday.

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.