Charles Schwab Investment Management Inc. Grows Position in 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. boosted its position in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 13.9% in the first quarter, according to its most recent Form 13F filing with the SEC. 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.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Sturm, Ruger & Company, Inc. by 748.1% during the first quarter. GAMMA Investing LLC now owns 653 shares of the company's stock valued at $26,000 after acquiring an additional 576 shares in the last quarter. Byrne Asset Management LLC increased its holdings in shares of Sturm, Ruger & Company, Inc. by 115.1% during the first quarter. Byrne Asset Management LLC now owns 968 shares of the company's stock valued at $38,000 after acquiring an additional 518 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of 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 acquiring an additional 1,305 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Sturm, Ruger & Company, Inc. by 506.1% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,400 shares of the company's stock valued at $55,000 after acquiring an additional 1,169 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Sturm, Ruger & Company, Inc. by 159.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,422 shares of the company's stock valued at $56,000 after acquiring an additional 874 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors.

Sturm, Ruger & Company, Inc. Stock Performance

NYSE RGR traded up $0.10 during trading hours on Friday, reaching $34.64. The stock had a trading volume of 122,297 shares, compared to its average volume of 182,449. The stock has a fifty day moving average of $34.94 and a 200 day moving average of $36.92. The stock has a market cap of $559.78 million, a P/E ratio of 111.74 and a beta of 0.10. Sturm, Ruger & Company, Inc. has a 52-week low of $31.64 and a 52-week high of $42.76.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. The firm had revenue of $132.49 million for the quarter, compared to analyst estimates of $121.99 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.Sturm, Ruger & Company, Inc.'s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. On average, equities research analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given 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 1.8%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 206.45%.

Insider Buying and Selling

In related news, VP Sarah F. Colbert sold 8,000 shares of the company's stock in a transaction that occurred 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 sale, the vice president owned 564 shares in the company, valued at $20,191.20. This represents a 93.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher John Killoy sold 8,583 shares of the company's stock in a transaction that occurred 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 sale, the director owned 41,559 shares in the company, valued at approximately $1,538,098.59. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.