39,958 Shares in Sturm, Ruger & Company, Inc. (NYSE:RGR) Purchased by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. purchased a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 39,958 shares of the company's stock, valued at approximately $1,570,000. Aurora Private Wealth Inc. owned approximately 0.24% of Sturm, Ruger & Company, Inc. at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RGR. GAMMA Investing LLC raised its stake in Sturm, Ruger & Company, Inc. by 748.1% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company's stock valued at $26,000 after buying an additional 576 shares during the last quarter. Byrne Asset Management LLC raised its position in shares of Sturm, Ruger & Company, Inc. by 115.1% in the 1st quarter. Byrne Asset Management LLC now owns 968 shares of the company's stock valued at $38,000 after purchasing an additional 518 shares during the last quarter. Parallel Advisors LLC boosted its stake in Sturm, Ruger & Company, Inc. by 18,642.9% in the 1st quarter. Parallel Advisors LLC now owns 1,312 shares of the company's stock worth $52,000 after purchasing an additional 1,305 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Sturm, Ruger & Company, Inc. by 351.0% during the 4th 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 position in Sturm, Ruger & Company, Inc. by 32.5% during the 4th 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. Hedge funds and other institutional investors own 64.00% of the company's stock.

Insiders Place Their Bets

In other Sturm, Ruger & Company, Inc. news, Director Christopher John Killoy sold 8,583 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $37.01, for a total value of $317,656.83. Following the sale, the director now directly owns 41,559 shares of the company's stock, valued at approximately $1,538,098.59. This trade represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Phillip Widman acquired 4,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of $33.58 per share, with a total value of $134,320.00. Following the completion of the transaction, 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. Insiders own 4.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Sturm, Ruger & Company, Inc. from a "hold" rating to a "buy" rating in a report on Saturday, June 21st.

Sturm, Ruger & Company, Inc. Price Performance

Sturm, Ruger & Company, Inc. stock traded up $0.57 during trading hours on Thursday, hitting $36.12. 151,484 shares of the stock traded hands, compared to its average volume of 161,830. Sturm, Ruger & Company, Inc. has a 1 year low of $32.74 and a 1 year high of $46.40. The stock has a market capitalization of $598.21 million, a price-to-earnings ratio of 19.74 and a beta of 0.11. The firm's 50 day moving average price is $36.92 and its 200-day moving average price is $37.14.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued 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). Sturm, Ruger & Company, Inc. had a return on equity of 9.78% and a net margin of 5.84%. The business had revenue of $135.74 million during the quarter, compared to analyst estimates of $148.05 million. During the same quarter last year, the company posted $0.40 EPS. Sturm, Ruger & Company, Inc.'s quarterly revenue was down .8% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.72 dividend on an annualized basis and a yield of 1.99%. Sturm, Ruger & Company, Inc.'s payout ratio is 39.34%.

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.