Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 8.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,117 shares of the company’s stock after selling 3,839 shares during the period. Rhumbline Advisers owned about 0.25% of Sturm, Ruger & Company, Inc. worth $1,615,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC increased its holdings in Sturm, Ruger & Company, Inc. by 18,642.9% in the 1st quarter. Parallel Advisors LLC now owns 1,312 shares of the company’s stock valued at $52,000 after purchasing an additional 1,305 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Sturm, Ruger & Company, Inc. by 351.0% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,655 shares of the company’s stock worth $59,000 after buying an additional 1,288 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Sturm, Ruger & Company, Inc. by 32.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company’s stock valued at $71,000 after buying an additional 495 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the 4th quarter valued at about $209,000. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the 4th quarter valued at about $210,000. Institutional investors and hedge funds own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Trading Down 1.2%

Shares of RGR stock opened at $37.21 on Wednesday. The firm has a fifty day simple moving average of $37.16 and a 200-day simple moving average of $37.17. The company has a market capitalization of $616.20 million, a PE ratio of 20.33 and a beta of 0.11. Sturm, Ruger & Company, Inc. has a twelve month low of $32.74 and a twelve month high of $46.40.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued 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). The firm had revenue of $135.74 million during the quarter, compared to analyst estimates of $148.05 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.78% and a net margin of 5.84%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. Equities research analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm 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 1.93%. The ex-dividend date of this dividend was Friday, May 16th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is 39.34%.

Insider Activity at Sturm, Ruger & Company, Inc.

In related news, VP Timothy Lowney purchased 2,200 shares of the company’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 purchase, the vice president now owns 8,874 shares in the company, valued at approximately $296,125.38. This represents a 32.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher John Killoy sold 8,583 shares of the company’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $37.01, for a total transaction of $317,656.83. Following the completion of the sale, the director now directly owns 41,559 shares in the company, valued at $1,538,098.59. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Sturm, Ruger & Company, Inc. from a “hold” rating to a “buy” rating in a report on Friday, May 30th.

About Sturm, Ruger & Company, Inc.

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.