Aurora Private Wealth Inc. Invests $1.57 Million in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Aurora Private Wealth Inc. acquired a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 39,958 shares of the company's stock, valued at approximately $1,570,000. Aurora Private Wealth Inc. owned about 0.24% of Sturm, Ruger & Company, Inc. at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RGR. GAMMA Investing LLC raised its stake in shares of Sturm, Ruger & Company, Inc. by 748.1% during the first quarter. GAMMA Investing LLC now owns 653 shares of the company's stock valued at $26,000 after acquiring an additional 576 shares in the last quarter. Byrne Asset Management LLC increased its holdings in Sturm, Ruger & Company, Inc. by 115.1% during the first quarter. Byrne Asset Management LLC now owns 968 shares of the company's stock valued at $38,000 after buying an additional 518 shares during the period. Parallel Advisors LLC grew its holdings in Sturm, Ruger & Company, Inc. by 18,642.9% in the first quarter. Parallel Advisors LLC now owns 1,312 shares of the company's stock worth $52,000 after purchasing an additional 1,305 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in Sturm, Ruger & Company, Inc. by 351.0% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,655 shares of the company's stock worth $59,000 after purchasing an additional 1,288 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings 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. Institutional investors own 64.00% of the company's stock.

Insider Activity

In other news, Director Phillip Widman acquired 4,000 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $33.58 per share, for a total transaction of $134,320.00. Following the completion of the transaction, the director owned 31,757 shares in the company, 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 Securities & Exchange Commission, which is available 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 stock was 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 of the company's stock, 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 company insiders.

Sturm, Ruger & Company, Inc. Stock Down 1.2%

Shares of RGR traded down $0.43 during trading hours on Monday, reaching $36.09. 146,244 shares of the company traded hands, compared to its average volume of 160,949. The stock has a market capitalization of $597.65 million, a P/E ratio of 19.72 and a beta of 0.10. Sturm, Ruger & Company, Inc. has a 12-month low of $32.74 and a 12-month high of $46.40. The business has a fifty day moving average price of $36.44 and a 200-day moving average price of $37.14.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.19). The company had revenue of $135.74 million for the quarter, compared to analyst estimates of $148.05 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.78% and a net margin of 5.84%. Sturm, Ruger & Company, Inc.'s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share. As a group, research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.00%. Sturm, Ruger & Company, Inc.'s payout ratio is 39.34%.

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 report on Sunday, June 29th.

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.