Dimensional Fund Advisors LP Raises Stock Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Dimensional Fund Advisors LP increased its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 119.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,660 shares of the company's stock after acquiring an additional 96,703 shares during the period. Dimensional Fund Advisors LP owned about 1.06% of Sturm, Ruger & Company, Inc. worth $6,284,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Jones Financial Companies Lllp boosted its position in Sturm, Ruger & Company, Inc. by 32.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company's stock worth $71,000 after purchasing an additional 495 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Sturm, Ruger & Company, Inc. in the 4th quarter worth about $245,000. Inceptionr LLC bought a new position in Sturm, Ruger & Company, Inc. during the fourth quarter valued at about $321,000. Quantbot Technologies LP grew its position in Sturm, Ruger & Company, Inc. by 43.2% during the fourth quarter. Quantbot Technologies LP now owns 11,066 shares of the company's stock valued at $391,000 after buying an additional 3,339 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Sturm, Ruger & Company, Inc. during the fourth quarter worth about $410,000. 64.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Phillip Widman purchased 4,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average cost 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Timothy Lowney purchased 2,200 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $33.37 per share, with a total value of $73,414.00. Following the completion of the transaction, the vice president now owns 8,874 shares of the company's stock, valued at $296,125.38. This 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.

Sturm, Ruger & Company, Inc. Stock Performance

NYSE RGR traded down $0.07 on Friday, hitting $36.94. 25,546 shares of the stock traded hands, compared to its average volume of 157,763. The business's fifty day moving average is $38.43 and its two-hundred day moving average is $37.63. Sturm, Ruger & Company, Inc. has a 12 month low of $32.74 and a 12 month high of $46.40. The firm has a market capitalization of $611.61 million, a price-to-earnings ratio of 20.87 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $148.05 million. During the same period in the prior year, the company earned $0.40 EPS. The firm's quarterly revenue was down .8% on a year-over-year basis. Analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.18 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.95%. Sturm, Ruger & Company, Inc.'s payout ratio is 39.34%.

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 report on Monday, May 5th.

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.