Dimensional Fund Advisors LP Purchases 96,703 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Dimensional Fund Advisors LP boosted its position in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 119.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,660 shares of the company's stock after buying an additional 96,703 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.06% of Sturm, Ruger & Company, Inc. worth $6,284,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Sturm, Ruger & Company, Inc. by 12.6% during the 4th 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 period. Meeder Asset Management Inc. bought a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at approximately $481,000. Inceptionr LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at approximately $321,000. Allspring Global Investments Holdings LLC grew its stake in shares of 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 worth $802,000 after acquiring an additional 22,665 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Sturm, Ruger & Company, Inc. by 4.5% during the fourth quarter. Rhumbline Advisers now owns 44,956 shares of the company's stock worth $1,590,000 after acquiring an additional 1,918 shares during the period. Institutional investors own 64.00% of the company's stock.

Insider Transactions at Sturm, Ruger & Company, Inc.

In related news, VP Timothy Lowney purchased 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average price of $33.37 per share, with a total value of $73,414.00. Following the purchase, the vice president now directly owns 8,874 shares in the company, valued at $296,125.38. This represents a 32.96% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Phillip Widman acquired 4,000 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $33.58 per share, with a total value of $134,320.00. Following the completion of the purchase, the director now directly owns 31,757 shares of the company's stock, valued at approximately $1,066,400.06. This represents a 14.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.50% of the stock is owned by insiders.

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. Stock Performance

Shares of NYSE:RGR traded down $0.22 during trading on Wednesday, hitting $36.77. 206,426 shares of the stock were exchanged, compared to its average volume of 157,693. The company has a market capitalization of $608.73 million, a price-to-earnings ratio of 20.77 and a beta of 0.20. Sturm, Ruger & Company, Inc. has a 1-year low of $32.74 and a 1-year high of $46.40. The company's fifty day simple moving average is $38.55 and its 200-day simple moving average is $37.67.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its 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). The firm had revenue of $135.74 million during the quarter, compared to the consensus estimate of $148.05 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The firm's revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the business earned $0.40 earnings per share. On average, research analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, May 16th. Sturm, Ruger & Company, Inc.'s payout ratio is 39.34%.

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.