Rhumbline Advisers Sells 3,839 Shares of Sturm, Ruger & Company, Inc. $RGR

Rhumbline Advisers decreased its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 8.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,117 shares of the company’s stock after selling 3,839 shares during the period. Rhumbline Advisers owned 0.25% of Sturm, Ruger & Company, Inc. worth $1,615,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in 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 during the period. Byrne Asset Management LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 115.1% in the first quarter. Byrne Asset Management LLC now owns 968 shares of the company’s stock valued at $38,000 after acquiring an additional 518 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of 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 acquiring an additional 1,305 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Sturm, Ruger & Company, Inc. by 506.1% in the first 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 in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Sturm, Ruger & Company, Inc. by 159.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,422 shares of the company’s stock valued at $56,000 after acquiring an additional 874 shares in the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of RGR stock opened at $39.37 on Friday. The stock’s 50-day simple moving average is $35.07 and its 200-day simple moving average is $36.76. The firm has a market capitalization of $636.22 million, a price-to-earnings ratio of 127.00 and a beta of 0.10. Sturm, Ruger & Company, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $42.76.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its earnings results on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The firm 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 revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. As a group, equities analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, August 15th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently 206.45%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded 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. 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.