Caxton Associates LLP Buys Shares of 12,513 Sturm, Ruger & Company, Inc. $RGR

Key Points

• Caxton Associates LLP has invested approximately $492,000 in Sturm, Ruger & Company, acquiring 12,513 shares and holding 0.08% of the company as of the latest SEC filing.
• Several institutional investors, including GAMMA Investing LLC and Parallel Advisors LLC, have significantly increased their stakes in Sturm, Ruger, demonstrating growing institutional interest.
• Sturm, Ruger reported a net margin of 1.07% and a year-over-year revenue increase of 1.3%, with quarterly earnings per share surpassing analyst estimates.

Caxton Associates LLP purchased a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,513 shares of the company's stock, valued at approximately $492,000. Caxton Associates LLP owned approximately 0.08% of Sturm, Ruger & Company, Inc. as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 748.1% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company's stock worth $26,000 after buying an additional 576 shares during the period. Aurora Private Wealth Inc. purchased a new position in shares of Sturm, Ruger & Company, Inc. in the first quarter worth $1,570,000. Millennium Management LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 19.4% in the fourth quarter. Millennium Management LLC now owns 98,102 shares of the company's stock worth $3,470,000 after buying an additional 15,928 shares during the period. D. E. Shaw & Co. Inc. increased its position in Sturm, Ruger & Company, Inc. by 40.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 53,048 shares of the company's stock valued at $1,876,000 after purchasing an additional 15,386 shares during the period. Finally, Invesco Ltd. increased its position in Sturm, Ruger & Company, Inc. by 9.2% during the 1st quarter. Invesco Ltd. now owns 154,872 shares of the company's stock valued at $6,085,000 after purchasing an additional 13,099 shares during the period. 64.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Sturm, Ruger & Company, Inc. Stock Up 0.9%

Shares of RGR stock traded up $0.34 during mid-day trading on Wednesday, reaching $39.66. 37,539 shares of the company's stock traded hands, compared to its average volume of 174,375. The company has a market cap of $640.91 million, a P/E ratio of 128.16 and a beta of 0.10. The company's 50-day moving average price is $34.93 and its 200-day moving average price is $36.75. Sturm, Ruger & Company, Inc. has a 12 month low of $31.64 and a 12 month 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. The company had revenue of $132.49 million for the quarter, compared to analysts' expectations of $121.99 million. Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. Sturm, Ruger & Company, Inc.'s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. Equities analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.16 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.64 dividend on an annualized basis and a yield of 1.6%. Sturm, Ruger & Company, Inc.'s payout ratio is presently 206.45%.

About Sturm, Ruger & Company, Inc.

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.