AlphaQuest LLC Has $513,000 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 reduced its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 57.1% during the 1st quarter, according to its most recent 13F 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 quarter. AlphaQuest LLC owned 0.08% of Sturm, Ruger & Company, Inc. worth $513,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in RGR. Wells Fargo & Company MN lifted its position in Sturm, Ruger & Company, Inc. by 4.0% in the 4th quarter. Wells Fargo & Company MN now owns 42,272 shares of the company's stock valued at $1,495,000 after acquiring an additional 1,634 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter valued at $410,000. Barclays PLC increased its stake in Sturm, Ruger & Company, Inc. by 1.1% in the 4th quarter. Barclays PLC now owns 32,453 shares of the company's stock valued at $1,148,000 after buying an additional 356 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Sturm, Ruger & Company, Inc. by 10.1% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 17,260 shares of the company's stock valued at $609,000 after buying an additional 1,579 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Sturm, Ruger & Company, Inc. by 119.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company's stock valued at $6,284,000 after buying an additional 96,703 shares during the last quarter. 64.00% of the stock is owned by institutional investors.

Insider Transactions at Sturm, Ruger & Company, Inc.

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

Wall Street Analysts Forecast Growth

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

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

Shares of Sturm, Ruger & Company, Inc. stock traded up $0.10 during trading on Friday, hitting $34.64. 122,297 shares of the stock were exchanged, compared to its average volume of 171,447. The stock has a market capitalization of $559.78 million, a price-to-earnings ratio of 111.74 and a beta of 0.07. The company has a fifty day moving average price of $34.99 and a 200-day moving average price 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 announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. The business had revenue of $132.49 million for the quarter, compared to analyst estimates of $121.99 million. During the same quarter in the prior year, the business earned $0.47 EPS. Sturm, Ruger & Company, Inc.'s quarterly revenue was up 1.3% on a year-over-year basis. Equities 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 business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.16 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.64 dividend on an annualized basis and a yield of 1.8%. Sturm, Ruger & Company, Inc.'s dividend payout ratio 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.