Cubist Systematic Strategies LLC Purchases 17,876 Shares of Sturm, Ruger & Company, Inc. $RGR

Key Points

• Cubist Systematic Strategies LLC increased its stake in Sturm, Ruger & Company, Inc. by 56.8%, acquiring an additional 17,876 shares to hold a total of 49,370 shares valued at approximately $1.94 million.
• Sturm, Ruger & Company, Inc.'s recent quarterly earnings surpassed expectations, reporting $0.41 earnings per share against an estimated $0.38, alongside a revenue of $132.49 million.
• The company announced a dividend of $0.16 per share, resulting in an annualized yield of 1.8%, but has a high dividend payout ratio of 206.45%.

Cubist Systematic Strategies LLC raised its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 56.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,370 shares of the company's stock after acquiring an additional 17,876 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.30% of Sturm, Ruger & Company, Inc. worth $1,940,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted 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 purchasing an additional 576 shares during the last quarter. Aurora Private Wealth Inc. purchased a new position in shares of Sturm, Ruger & Company, Inc. during the first quarter valued at approximately $1,570,000. Millennium Management LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 19.4% during the fourth quarter. Millennium Management LLC now owns 98,102 shares of the company's stock valued at $3,470,000 after purchasing an additional 15,928 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 40.9% during the fourth 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 last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Sturm, Ruger & Company, Inc. by 119.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company's stock worth $6,284,000 after acquiring an additional 96,703 shares during the last quarter. 64.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Sturm, Ruger & Company, Inc. Price Performance

Shares of RGR stock remained flat at $37.16 during mid-day trading on Friday. 222,053 shares of the stock were exchanged, compared to its average volume of 169,784. Sturm, Ruger & Company, Inc. has a 12-month low of $31.64 and a 12-month high of $42.76. The firm's 50 day moving average price is $34.83 and its 200 day moving average price is $36.78. The stock has a market cap of $600.51 million, a price-to-earnings ratio of 119.87 and a beta of 0.10.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. The firm had revenue of $132.49 million during the quarter, compared to the consensus estimate of $121.99 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. 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 company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.64 annualized dividend and a yield of 1.7%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 206.45%.

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.