Freestone Grove Partners LP acquired a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,170 shares of the company's stock, valued at approximately $1,385,000. Freestone Grove Partners LP owned approximately 0.23% of Sturm, Ruger & Company, Inc. as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently added to or reduced their stakes in RGR. Parvin Asset Management LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth $487,000. Northern Trust Corp boosted its stake in shares of Sturm, Ruger & Company, Inc. by 14.0% during the 4th quarter. Northern Trust Corp now owns 184,831 shares of the company's stock worth $6,537,000 after purchasing an additional 22,670 shares during the last quarter. Aquatic Capital Management LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 39.1% during the fourth quarter. Aquatic Capital Management LLC now owns 11,545 shares of the company's stock worth $408,000 after buying an additional 3,245 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Sturm, Ruger & Company, Inc. by 12.4% during 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, MetLife Investment Management LLC grew its stake in Sturm, Ruger & Company, Inc. by 7.2% in the 4th quarter. MetLife Investment Management LLC now owns 10,247 shares of the company's stock worth $362,000 after acquiring an additional 692 shares during the period. 64.00% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Sturm, Ruger & Company, Inc. from a "strong-buy" rating to a "buy" rating in a research note on Monday.
View Our Latest Report on RGR
Sturm, Ruger & Company, Inc. Stock Up 5.6 %
Shares of NYSE RGR traded up $1.85 on Thursday, hitting $34.83. The company had a trading volume of 112,098 shares, compared to its average volume of 157,422. The firm has a market capitalization of $576.63 million, a P/E ratio of 19.65 and a beta of 0.20. Sturm, Ruger & Company, Inc. has a 12-month low of $32.74 and a 12-month high of $46.40. The business has a 50 day moving average of $38.85 and a two-hundred day moving average of $37.82.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The firm had revenue of $135.74 million for the quarter, compared to analyst estimates of $148.05 million. During the same quarter in the previous year, the company earned $0.40 EPS. The company's quarterly revenue was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Friday, May 16th. Sturm, Ruger & Company, Inc.'s payout ratio is 39.34%.
Insider Transactions at Sturm, Ruger & Company, Inc.
In other news, Director Phillip Widman bought 4,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $33.58 per share, for a total transaction of $134,320.00. Following the purchase, the director now owns 31,757 shares of the company's stock, valued at $1,066,400.06. This represents a 14.41 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is owned by insiders.
About Sturm, Ruger & Company, Inc.
(
Free Report)
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.
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