Sturm, Ruger & Company, Inc. $RGR Shares Purchased by Invesco Ltd.

Invesco Ltd. lifted its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 9.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 154,872 shares of the company’s stock after acquiring an additional 13,099 shares during the quarter. Invesco Ltd. owned 0.94% of Sturm, Ruger & Company, Inc. worth $6,085,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in RGR. Raymond James Financial Inc. acquired a new stake in Sturm, Ruger & Company, Inc. during the 4th quarter worth approximately $410,000. Barclays PLC lifted its holdings in Sturm, Ruger & Company, Inc. by 1.1% during the 4th quarter. Barclays PLC now owns 32,453 shares of the company’s stock worth $1,148,000 after buying an additional 356 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Sturm, Ruger & Company, Inc. by 10.1% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 17,260 shares of the company’s stock worth $609,000 after buying an additional 1,579 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sturm, Ruger & Company, Inc. by 119.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company’s stock worth $6,284,000 after buying an additional 96,703 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Sturm, Ruger & Company, Inc. by 7.2% during the 4th quarter. MetLife Investment Management LLC now owns 10,247 shares of the company’s stock worth $362,000 after buying an additional 692 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NYSE:RGR opened at $35.09 on Wednesday. Sturm, Ruger & Company, Inc. has a 52 week low of $31.64 and a 52 week high of $42.76. The company’s 50 day moving average is $35.11 and its two-hundred day moving average is $36.94. The company has a market cap of $567.11 million, a PE ratio of 113.19 and a beta of 0.07.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. The company had revenue of $132.49 million for the quarter, compared to the consensus estimate of $121.99 million. During the same period in the prior year, the firm posted $0.47 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently disclosed 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 of this dividend is Friday, August 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.8%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently 206.45%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Sturm, Ruger & Company, Inc. news, Director Christopher John Killoy sold 8,583 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $37.01, for a total value of $317,656.83. Following 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 document filed with the SEC, which is available at this link. Also, VP Sarah F. Colbert sold 8,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $35.80, for a total transaction of $286,400.00. Following the completion of the sale, the vice president directly owned 564 shares in the company, valued at approximately $20,191.20. This represents a 93.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.

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.