Sturm, Ruger & Company, Inc. $RGR Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 148.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,420 shares of the company’s stock after acquiring an additional 1,447 shares during the period. Russell Investments Group Ltd.’s holdings in Sturm, Ruger & Company, Inc. were worth $95,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of RGR. Raymond James Financial Inc. acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth approximately $410,000. Dimensional Fund Advisors LP raised its holdings in Sturm, Ruger & Company, Inc. by 119.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company’s stock valued at $6,284,000 after buying an additional 96,703 shares during the period. MetLife Investment Management LLC raised its holdings in Sturm, Ruger & Company, Inc. by 7.2% in the fourth quarter. MetLife Investment Management LLC now owns 10,247 shares of the company’s stock valued at $362,000 after buying an additional 692 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Sturm, Ruger & Company, Inc. by 12.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,206 shares of the company’s stock valued at $291,000 after buying an additional 907 shares during the period. Finally, Northern Trust Corp raised its holdings in Sturm, Ruger & Company, Inc. by 14.0% in the fourth quarter. Northern Trust Corp now owns 184,831 shares of the company’s stock valued at $6,537,000 after buying an additional 22,670 shares during the period. 64.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 Activity

In other news, Director Christopher John Killoy sold 8,583 shares of Sturm, Ruger & Company, Inc. stock in a transaction that occurred 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 sale, the director owned 41,559 shares in the company, valued at $1,538,098.59. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.60% of the stock is owned by corporate insiders.

Sturm, Ruger & Company, Inc. Stock Performance

NYSE RGR opened at $34.26 on Thursday. The firm has a market capitalization of $553.59 million, a price-to-earnings ratio of 110.51 and a beta of 0.10. The company’s 50 day moving average price is $34.87 and its 200 day moving average price is $36.88. Sturm, Ruger & Company, Inc. has a one year low of $31.64 and a one year high of $42.76.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings data 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 net margin of 1.07% and a return on equity of 9.53%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. Sell-side analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, August 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.9%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 206.45%.

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.