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

D. E. Shaw & Co. Inc. boosted its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 40.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 53,048 shares of the company's stock after acquiring an additional 15,386 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.32% of Sturm, Ruger & Company, Inc. worth $1,876,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 71.7% during the 4th quarter. Wellington Management Group LLP now owns 411,918 shares of the company's stock worth $14,570,000 after purchasing an additional 172,055 shares during the last quarter. Norges Bank acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth about $3,493,000. Dimensional Fund Advisors LP boosted its stake in Sturm, Ruger & Company, Inc. by 119.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company's stock valued at $6,284,000 after acquiring an additional 96,703 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Sturm, Ruger & Company, Inc. by 74.8% in the 4th quarter. Teacher Retirement System of Texas now owns 131,093 shares of the company's stock valued at $4,637,000 after purchasing an additional 56,087 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter valued at approximately $1,895,000. Institutional investors and hedge funds own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Up 1.8%

NYSE:RGR traded up $0.63 during trading hours on Tuesday, reaching $36.29. 190,375 shares of the company's stock were exchanged, compared to its average volume of 157,750. Sturm, Ruger & Company, Inc. has a 1-year low of $32.74 and a 1-year high of $46.40. The firm has a market capitalization of $600.75 million, a price-to-earnings ratio of 20.50 and a beta of 0.20. The company has a 50-day moving average of $37.83 and a 200 day moving average of $37.37.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.19). The business had revenue of $135.74 million for the quarter, compared to analyst estimates of $148.05 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. Sturm, Ruger & Company, Inc.'s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS. Research analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.98%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is currently 39.34%.

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

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

Analysts Set New Price Targets

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

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.