Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC decreased its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 28.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,494 shares of the company's stock after selling 12,397 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.19% of Sturm, Ruger & Company, Inc. worth $1,114,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Sturm, Ruger & Company, Inc. by 11.9% in the third quarter. JPMorgan Chase & Co. now owns 60,859 shares of the company's stock valued at $2,537,000 after buying an additional 6,483 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Sturm, Ruger & Company, Inc. by 5.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 51,473 shares of the company's stock valued at $1,821,000 after buying an additional 2,733 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Sturm, Ruger & Company, Inc. by 323,785.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company's stock valued at $802,000 after buying an additional 22,665 shares during the last quarter. Rhumbline Advisers lifted its stake in Sturm, Ruger & Company, Inc. by 4.5% in the fourth quarter. Rhumbline Advisers now owns 44,956 shares of the company's stock valued at $1,590,000 after buying an additional 1,918 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Sturm, Ruger & Company, Inc. by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 81,537 shares of the company's stock valued at $2,884,000 after buying an additional 1,937 shares during 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 Sturm, Ruger & Company, Inc. news, Director Phillip Widman acquired 4,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average price of $33.58 per share, with a total value of $134,320.00. Following the completion of the acquisition, the director now directly owns 31,757 shares of the company's stock, valued at approximately $1,066,400.06. The trade was a 14.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Timothy Lowney acquired 2,200 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $33.37 per share, for a total transaction of $73,414.00. Following the acquisition, the vice president now directly owns 8,874 shares of the company's stock, valued at $296,125.38. This trade represents a 32.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.50% of the company's stock.

Analysts Set New Price Targets

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

Sturm, Ruger & Company, Inc. Trading Down 0.3%

Shares of Sturm, Ruger & Company, Inc. stock traded down $0.10 during trading hours on Monday, hitting $36.81. 123,745 shares of the company were exchanged, compared to its average volume of 157,801. Sturm, Ruger & Company, Inc. has a 1 year low of $32.74 and a 1 year high of $46.40. The business has a 50-day moving average of $38.32 and a 200-day moving average of $37.55. The stock has a market capitalization of $609.39 million, a price-to-earnings ratio of 20.80 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The company had revenue of $135.74 million for the quarter, compared to analysts' expectations of $148.05 million. During the same quarter last year, the company earned $0.40 EPS. Sturm, Ruger & Company, Inc.'s revenue for the quarter was down .8% compared to the same quarter last year. As a group, research analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, May 16th. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is presently 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.