Aurora Private Wealth Inc. Buys Shares of 39,958 Sturm, Ruger & Company, Inc. (NYSE:RGR)

Aurora Private Wealth Inc. acquired a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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 reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its position in Sturm, Ruger & Company, Inc. by 1.0% during the first quarter. Exchange Traded Concepts LLC now owns 52,011 shares of the company's stock valued at $2,044,000 after purchasing an additional 538 shares during the last quarter. Byrne Asset Management LLC grew its position in Sturm, Ruger & Company, Inc. by 115.1% in the first quarter. Byrne Asset Management LLC now owns 968 shares of the company's stock worth $38,000 after acquiring an additional 518 shares in the last quarter. GAMMA Investing LLC increased its stake in Sturm, Ruger & Company, Inc. by 748.1% during the first quarter. GAMMA Investing LLC now owns 653 shares of the company's stock worth $26,000 after acquiring an additional 576 shares during the last quarter. Parallel Advisors LLC raised its position in Sturm, Ruger & Company, Inc. by 18,642.9% during the first quarter. Parallel Advisors LLC now owns 1,312 shares of the company's stock valued at $52,000 after purchasing an additional 1,305 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Sturm, Ruger & Company, Inc. by 71.7% in the 4th quarter. Wellington Management Group LLP now owns 411,918 shares of the company's stock valued at $14,570,000 after purchasing an additional 172,055 shares during the last quarter. 64.00% of the stock is currently owned by institutional investors.

Sturm, Ruger & Company, Inc. Stock Performance

NYSE RGR traded down $0.39 on Friday, hitting $35.72. 295,220 shares of the stock were exchanged, compared to its average volume of 162,450. Sturm, Ruger & Company, Inc. has a 52-week low of $32.74 and a 52-week high of $46.40. The firm has a market capitalization of $591.57 million, a P/E ratio of 19.52 and a beta of 0.11. The stock has a fifty day moving average price of $36.79 and a two-hundred day moving average price of $37.13.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.19). The firm had revenue of $135.74 million during the quarter, compared to the consensus estimate 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 was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. Sell-side analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced 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 2.02%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is 39.34%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Sturm, Ruger & Company, Inc.

In related news, VP Timothy Lowney acquired 2,200 shares of the stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $33.37 per share, with a total value of $73,414.00. Following the transaction, the vice president now directly owns 8,874 shares in the company, valued at approximately $296,125.38. This represents a 32.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 now owns 41,559 shares in the company, valued at $1,538,098.59. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.60% of the company's stock.

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.