Swiss National Bank Trims Position in Sturm, Ruger & Company, Inc. $RGR

Swiss National Bank decreased its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 2.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 32,500 shares of the company’s stock after selling 700 shares during the period. Swiss National Bank owned 0.20% of Sturm, Ruger & Company, Inc. worth $1,277,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in Sturm, Ruger & Company, Inc. by 748.1% during 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 boosted its position in shares of Sturm, Ruger & Company, Inc. by 115.1% during 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 last quarter. Parallel Advisors LLC lifted its position in Sturm, Ruger & Company, Inc. by 18,642.9% in the first quarter. Parallel Advisors LLC now owns 1,312 shares of the company’s stock valued at $52,000 after buying an additional 1,305 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Sturm, Ruger & Company, Inc. by 506.1% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,400 shares of the company’s stock worth $55,000 after purchasing an additional 1,169 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Sturm, Ruger & Company, Inc. by 159.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,422 shares of the company’s stock worth $56,000 after purchasing an additional 874 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Sturm, Ruger & Company, Inc. Stock Up 0.3%

NYSE RGR opened at $35.00 on Tuesday. The business has a 50 day moving average price of $35.15 and a two-hundred day moving average price of $36.95. Sturm, Ruger & Company, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $42.76. The stock has a market cap of $565.60 million, a PE ratio of 112.90 and a beta of 0.07.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its 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 company had revenue of $132.49 million for 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%.Sturm, Ruger & Company, Inc.’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. Sell-side analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $0.16 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.64 annualized dividend and a yield of 1.8%. Sturm, Ruger & Company, Inc.’s payout ratio is 206.45%.

Insider Activity

In related news, Director Christopher John Killoy sold 8,583 shares of the stock in a transaction dated 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 sale, the director directly owned 41,559 shares of the company’s stock, valued at approximately $1,538,098.59. This represents a 17.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sarah F. Colbert sold 8,000 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $35.80, for a total value of $286,400.00. Following the sale, the vice president directly owned 564 shares of the company’s stock, valued at $20,191.20. This trade represents a 93.41% 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 insiders.

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.