Allianz Asset Management GmbH Invests $404,000 in Sturm, Ruger & Company, Inc. $RGR

Allianz Asset Management GmbH purchased a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 11,266 shares of the company’s stock, valued at approximately $404,000. Allianz Asset Management GmbH owned 0.07% of Sturm, Ruger & Company, Inc. at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Ritholtz Wealth Management acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 2nd quarter worth approximately $427,000. CWM LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 56.8% in the 2nd quarter. CWM LLC now owns 7,075 shares of the company’s stock worth $254,000 after acquiring an additional 2,562 shares during the period. IFP Advisors Inc lifted its stake in shares of Sturm, Ruger & Company, Inc. by 28.8% in the 2nd quarter. IFP Advisors Inc now owns 1,799 shares of the company’s stock worth $65,000 after acquiring an additional 402 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Sturm, Ruger & Company, Inc. by 5.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,857 shares of the company’s stock worth $353,000 after acquiring an additional 553 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 2nd quarter worth approximately $325,000. 64.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sturm, Ruger & Company, Inc.

In related news, Director Christopher John Killoy sold 8,776 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $40.00, for a total value of $351,040.00. Following the completion of the sale, the director owned 28,249 shares in the company, valued at approximately $1,129,960. This represents a 23.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.60% of the company’s stock.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE:RGR opened at $46.82 on Tuesday. The company has a market cap of $756.53 million, a PE ratio of 151.02 and a beta of 0.09. Sturm, Ruger & Company, Inc. has a 52 week low of $31.64 and a 52 week high of $48.21. The firm has a 50 day simple moving average of $40.48 and a 200 day simple moving average of $37.71.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. The business had revenue of $132.49 million during the quarter, compared to the consensus estimate of $121.99 million. Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. On average, equities analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, August 15th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 206.45%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Sturm, Ruger & Company, Inc. currently has an average rating of “Hold”.

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.