BNP Paribas Financial Markets Has $950,000 Stake in Sturm, Ruger & Company, Inc. (NYSE:RGR)

BNP Paribas Financial Markets increased its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 209.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,873 shares of the company's stock after buying an additional 18,180 shares during the period. BNP Paribas Financial Markets owned 0.16% of Sturm, Ruger & Company, Inc. worth $950,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RGR. Exchange Traded Concepts LLC boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 5.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 51,473 shares of the company's stock worth $1,821,000 after buying an additional 2,733 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Sturm, Ruger & Company, Inc. by 323,785.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company's stock valued at $802,000 after purchasing an additional 22,665 shares during the period. Rhumbline Advisers boosted its holdings in Sturm, Ruger & Company, Inc. by 4.5% in the 4th quarter. Rhumbline Advisers now owns 44,956 shares of the company's stock valued at $1,590,000 after purchasing an additional 1,918 shares during the period. Principal Financial Group Inc. boosted its holdings in Sturm, Ruger & Company, Inc. by 2.4% in the 4th quarter. Principal Financial Group Inc. now owns 81,537 shares of the company's stock valued at $2,884,000 after purchasing an additional 1,937 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Sturm, Ruger & Company, Inc. by 12.6% in the 4th quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company's stock valued at $7,174,000 after purchasing an additional 22,736 shares during the period. 64.00% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Sturm, Ruger & Company, Inc. news, VP Timothy Lowney purchased 2,200 shares of the stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $33.37 per share, for a total transaction of $73,414.00. Following the transaction, the vice president now directly owns 8,874 shares in the company, valued at $296,125.38. This represents a 32.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Phillip Widman purchased 4,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $33.58 per share, with a total value of $134,320.00. Following the transaction, the director now owns 31,757 shares in the company, valued at $1,066,400.06. This trade 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.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE:RGR traded up $0.63 during midday trading on Tuesday, reaching $36.29. 190,375 shares of the company's stock were exchanged, compared to its average volume of 157,750. The company's 50 day simple moving average is $37.83 and its two-hundred day simple moving average is $37.37. The firm has a market capitalization of $600.75 million, a PE ratio of 20.50 and a beta of 0.20. Sturm, Ruger & Company, Inc. has a 12 month low of $32.74 and a 12 month high of $46.40.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.19). The business had revenue of $135.74 million for the quarter, compared to the consensus estimate of $148.05 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. Sturm, Ruger & Company, Inc.'s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. On average, research analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Friday, May 16th. Sturm, Ruger & Company, Inc.'s dividend payout ratio is presently 39.34%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Sturm, Ruger & Company, Inc. from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th.

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.