AlphaQuest LLC Cuts Holdings in Sturm, Ruger & Company, Inc. $RGR

Key Points

• AlphaQuest LLC reduced its stake in Sturm, Ruger & Company, Inc. by 57.1%, retaining ownership of 13,051 shares valued at approximately $513,000.
• Sturm, Ruger reported $0.41 earnings per share for the recent quarter, exceeding expectations, with revenue reaching $132.49 million, an increase of 1.3% year-over-year.
• The company announced a quarterly dividend of $0.16 per share, representing an annualized yield of 1.8%, despite a high dividend payout ratio of 206.45%.

AlphaQuest LLC decreased its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 57.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,051 shares of the company's stock after selling 17,345 shares during the period. AlphaQuest LLC owned 0.08% of Sturm, Ruger & Company, Inc. worth $513,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Martingale Asset Management L P boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 1.6% in the 1st quarter. Martingale Asset Management L P now owns 24,046 shares of the company's stock valued at $945,000 after buying an additional 380 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. in the 1st quarter valued at $261,000. Wellington Management Group LLP boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 11.3% in the 1st quarter. Wellington Management Group LLP now owns 458,328 shares of the company's stock valued at $18,008,000 after buying an additional 46,410 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 148.7% in the 1st quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company's stock valued at $95,000 after buying an additional 1,447 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its position in Sturm, Ruger & Company, Inc. by 27.2% in the 1st quarter. Public Sector Pension Investment Board now owns 53,264 shares of the company's stock valued at $2,093,000 after purchasing an additional 11,394 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Sturm, Ruger & Company, Inc. from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th.

Insider Buying and Selling at Sturm, Ruger & Company, Inc.

In other news, Director Christopher John Killoy sold 8,583 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $37.01, for a total value of $317,656.83. Following the completion of the sale, the director owned 41,559 shares in the company, valued at approximately $1,538,098.59. This trade represents a 17.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sarah F. Colbert sold 8,000 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $35.80, for a total transaction of $286,400.00. Following the completion of the sale, the vice president owned 564 shares of the company's stock, valued at $20,191.20. This trade represents a 93.41% decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

Sturm, Ruger & Company, Inc. Stock Up 0.3%

NYSE:RGR traded up $0.10 during trading hours on Friday, reaching $34.64. 122,297 shares of the company's stock were exchanged, compared to its average volume of 182,449. The firm has a market capitalization of $559.78 million, a price-to-earnings ratio of 111.74 and a beta of 0.10. The company has a 50-day moving average of $34.94 and a 200 day moving average of $36.92. Sturm, Ruger & Company, Inc. has a 1-year low of $31.64 and a 1-year high of $42.76.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. The firm had revenue of $132.49 million during the quarter, compared to analysts' expectations of $121.99 million. Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. Sturm, Ruger & Company, Inc.'s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS. Research analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 15th. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is 206.45%.

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.