Charles Schwab Investment Management Inc. Buys 26,660 Shares of Sturm, Ruger & Company, Inc. $RGR

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Sturm, Ruger & Company, Inc. by 13.9%, acquiring an additional 26,660 shares during the first quarter, resulting in ownership of approximately 1.32% of the company.
• Several hedge funds also adjusted their positions, with 64.00% of the stock now owned by institutional investors and hedge funds after various increases in their holdings.
• The company declared a quarterly dividend of $0.16, with a dividend yield of 1.8%, despite a high payout ratio of 206.45%.

Charles Schwab Investment Management Inc. raised its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 13.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 219,061 shares of the company's stock after purchasing an additional 26,660 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.32% of Sturm, Ruger & Company, Inc. worth $8,607,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Wells Fargo & Company MN lifted its holdings in Sturm, Ruger & Company, Inc. by 4.0% during the 4th quarter. Wells Fargo & Company MN now owns 42,272 shares of the company's stock worth $1,495,000 after purchasing an additional 1,634 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Sturm, Ruger & Company, Inc. during the 4th quarter worth approximately $410,000. Barclays PLC lifted its holdings in Sturm, Ruger & Company, Inc. by 1.1% during the 4th quarter. Barclays PLC now owns 32,453 shares of the company's stock worth $1,148,000 after purchasing an additional 356 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Sturm, Ruger & Company, Inc. by 10.1% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 17,260 shares of the company's stock worth $609,000 after purchasing an additional 1,579 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Sturm, Ruger & Company, Inc. by 119.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company's stock worth $6,284,000 after purchasing an additional 96,703 shares during the last quarter. 64.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sturm, Ruger & Company, Inc.

In other news, VP Sarah F. Colbert sold 8,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $35.80, for a total value of $286,400.00. Following the transaction, the vice president owned 564 shares in the company, valued at approximately $20,191.20. This trade represents a 93.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher John Killoy sold 8,583 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Monday, June 9th. The shares were sold at an average price of $37.01, for a total value of $317,656.83. Following the completion of the transaction, the director owned 41,559 shares in the company, valued at approximately $1,538,098.59. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.60% of the company's stock.

Sturm, Ruger & Company, Inc. Price Performance

Sturm, Ruger & Company, Inc. stock opened at $35.00 on Tuesday. The stock's fifty day moving average price is $35.15 and its two-hundred day moving average price is $36.95. Sturm, Ruger & Company, Inc. has a one year low of $31.64 and a one year high of $42.76. The firm has a market cap of $565.60 million, a PE ratio of 112.90 and a beta of 0.07.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.The firm had revenue of $132.49 million for the quarter, compared to analyst estimates of $121.99 million. During the same quarter last year, the company earned $0.47 EPS. The company's revenue was up 1.3% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.16 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.64 annualized dividend and a dividend yield of 1.8%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is presently 206.45%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut 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.

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