Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers boosted its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 29.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,273 shares of the company’s stock after acquiring an additional 3,006 shares during the quarter. Cetera Investment Advisers owned 0.08% of Sturm, Ruger & Company, Inc. worth $522,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Sturm, Ruger & Company, Inc. by 748.1% in the 1st quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock valued at $26,000 after acquiring an additional 576 shares during the period. Byrne Asset Management LLC increased its position in Sturm, Ruger & Company, Inc. by 115.1% in the 1st quarter. Byrne Asset Management LLC now owns 968 shares of the company’s stock valued at $38,000 after acquiring an additional 518 shares during the period. Parallel Advisors LLC increased its position 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 acquiring an additional 1,305 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Sturm, Ruger & Company, Inc. by 506.1% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,400 shares of the company’s stock valued at $55,000 after acquiring an additional 1,169 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in Sturm, Ruger & Company, Inc. by 351.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,655 shares of the company’s stock valued at $59,000 after acquiring an additional 1,288 shares during the period. 64.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE RGR opened at $34.20 on Friday. The stock has a fifty day moving average price of $35.54 and a two-hundred day moving average price of $36.99. The firm has a market cap of $552.67 million, a P/E ratio of 110.32 and a beta of 0.07. Sturm, Ruger & Company, Inc. has a 1 year low of $31.64 and a 1 year high of $42.76.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The firm had revenue of $132.49 million during the quarter, compared to analyst estimates of $121.99 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. 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 business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, August 15th. Sturm, Ruger & Company, Inc.’s payout ratio is presently 232.26%.

Insiders Place Their Bets

In related news, VP Sarah F. Colbert sold 8,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $35.80, for a total value of $286,400.00. Following the transaction, the vice president directly owned 564 shares in the company, valued at $20,191.20. The trade was a 93.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher John Killoy sold 8,583 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Monday, June 9th. The stock was sold at an average price of $37.01, for a total value of $317,656.83. Following the completion of the transaction, the director owned 41,559 shares in the company, valued at $1,538,098.59. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.

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.