Cubist Systematic Strategies LLC Decreases Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Cubist Systematic Strategies LLC decreased its position in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 28.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,494 shares of the company's stock after selling 12,397 shares during the period. Cubist Systematic Strategies LLC owned about 0.19% of Sturm, Ruger & Company, Inc. worth $1,114,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in Sturm, Ruger & Company, Inc. by 12.6% in the fourth quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company's stock valued at $7,174,000 after purchasing an additional 22,736 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the fourth quarter worth $481,000. Inceptionr LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the fourth quarter worth $321,000. Dimensional Fund Advisors LP lifted its position in shares of Sturm, Ruger & Company, Inc. by 119.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company's stock worth $6,284,000 after acquiring an additional 96,703 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 323,785.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company's stock worth $802,000 after acquiring an additional 22,665 shares in the last quarter. Hedge funds and other institutional investors own 64.00% of the company's stock.

Insider Transactions at Sturm, Ruger & Company, Inc.

In other news, Director Phillip Widman bought 4,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $33.58 per share, for a total transaction of $134,320.00. Following the completion of the acquisition, the director now owns 31,757 shares in the company, valued at approximately $1,066,400.06. This trade represents a 14.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Timothy Lowney bought 2,200 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average price of $33.37 per share, with a total value of $73,414.00. Following the completion of the acquisition, the vice president now owns 8,874 shares of the company's stock, valued at $296,125.38. This trade represents a 32.96% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.50% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Sturm, Ruger & Company, Inc. from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th.

Sturm, Ruger & Company, Inc. Price Performance

Shares of NYSE:RGR traded down $0.31 during trading on Friday, hitting $36.88. 176,819 shares of the company were exchanged, compared to its average volume of 157,900. The company has a market cap of $610.55 million, a PE ratio of 20.84 and a beta of 0.20. The stock has a 50 day moving average of $38.37 and a 200 day moving average of $37.61. Sturm, Ruger & Company, Inc. has a 52-week low of $32.74 and a 52-week high of $46.40.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its earnings results 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). The company had revenue of $135.74 million for the quarter, compared to analysts' expectations of $148.05 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The company's revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. 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 business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.95%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 39.34%.

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.