Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 40.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,048 shares of the company's stock after acquiring an additional 15,386 shares during the period. D. E. Shaw & Co. Inc. owned about 0.32% of Sturm, Ruger & Company, Inc. worth $1,876,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of RGR. Jones Financial Companies Lllp increased its holdings in Sturm, Ruger & Company, Inc. by 32.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company's stock worth $71,000 after purchasing an additional 495 shares during the period. Brevan Howard Capital Management LP purchased a new position in Sturm, Ruger & Company, Inc. in the fourth quarter valued at approximately $210,000. Dynamic Technology Lab Private Ltd purchased a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter valued at $245,000. Caxton Associates LP purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at about $252,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 12.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,206 shares of the company's stock valued at $291,000 after acquiring an additional 907 shares during the period. Institutional investors and hedge funds own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Performance

RGR traded down $0.16 during trading on Friday, reaching $35.71. The company's stock had a trading volume of 170,809 shares, compared to its average volume of 157,619. Sturm, Ruger & Company, Inc. has a 52-week low of $32.74 and a 52-week high of $46.40. The company's fifty day moving average price is $37.98 and its 200-day moving average price is $37.44. The company has a market capitalization of $591.15 million, a price-to-earnings ratio of 20.17 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The business had revenue of $135.74 million for the quarter, compared to analyst estimates of $148.05 million. During the same period in the prior year, the company earned $0.40 EPS. The company's revenue was down .8% on a year-over-year basis. 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 business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.18 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.02%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is presently 39.34%.

Analysts Set New Price Targets

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

Insider Activity

In related news, VP Timothy Lowney purchased 2,200 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $33.37 per share, for a total transaction of $73,414.00. Following the transaction, the vice president now owns 8,874 shares in the company, valued at approximately $296,125.38. The trade was a 32.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Phillip Widman purchased 4,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Tuesday, May 6th. The shares were bought at an average price of $33.58 per share, with a total value of $134,320.00. Following the completion of the transaction, the director now owns 31,757 shares in the company, valued at approximately $1,066,400.06. This trade represents a 14.41% increase in their position. The disclosure for this purchase can be found here. Insiders own 4.60% of the company's stock.

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.