Cwm LLC Has $177,000 Stock Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Cwm LLC boosted its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 287.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,513 shares of the company’s stock after buying an additional 3,349 shares during the period. Cwm LLC’s holdings in Sturm, Ruger & Company, Inc. were worth $177,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 748.1% during the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock worth $26,000 after buying an additional 576 shares in the last quarter. Byrne Asset Management LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 115.1% during the first quarter. Byrne Asset Management LLC now owns 968 shares of the company’s stock worth $38,000 after buying an additional 518 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 18,642.9% during the first quarter. Parallel Advisors LLC now owns 1,312 shares of the company’s stock worth $52,000 after buying an additional 1,305 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Sturm, Ruger & Company, Inc. by 351.0% during 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 in the last quarter. Finally, iSAM Funds UK Ltd bought a new position in shares of Sturm, Ruger & Company, Inc. during the fourth quarter worth about $209,000. 64.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Sarah F. Colbert sold 8,000 shares of the firm’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $35.80, for a total value of $286,400.00. Following the completion of the transaction, the vice president directly owned 564 shares of the company’s stock, valued at approximately $20,191.20. This trade represents a 93.41% decrease in their ownership of the stock. The transaction was disclosed in a 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 firm’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 transaction, the director directly owned 41,559 shares of the company’s stock, 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 owned by corporate insiders.

Sturm, Ruger & Company, Inc. Stock Performance

NYSE:RGR opened at $34.85 on Tuesday. The company has a market cap of $577.12 million, a PE ratio of 19.04 and a beta of 0.10. Sturm, Ruger & Company, Inc. has a 52-week low of $32.74 and a 52-week high of $46.01. The stock has a 50-day simple moving average of $36.15 and a 200 day simple moving average of $37.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a net margin of 5.84% and a return on equity of 9.78%. The company had revenue of $135.74 million for the quarter, compared to analyst estimates of $148.05 million. During the same period last year, the company posted $0.40 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. On average, research analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.72 annualized dividend and a dividend yield of 2.07%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 39.34%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Sturm, Ruger & Company, Inc. from a “buy” rating to a “hold” rating in a report on Sunday, June 29th.

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.