Sturm, Ruger & Company, Inc. $RGR Stock Position Lessened by Deutsche Bank AG

Key Points

• Deutsche Bank AG significantly reduced its stake in Sturm, Ruger & Company by 77.6%, holding approximately 13,408 shares worth $527,000 at the end of the first quarter.
• Several institutional investors have increased their positions, with GAMMA Investing LLC raising its holdings by 748.1% during the same period.
• Sturm, Ruger & Company reported earnings per share (EPS) of $0.41, exceeding analyst expectations, while its dividend payout ratio stands at a high 206.45%.

Deutsche Bank AG lessened its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 77.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,408 shares of the company's stock after selling 46,544 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Sturm, Ruger & Company, Inc. worth $527,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position in Sturm, Ruger & Company, Inc. by 748.1% during the 1st quarter. GAMMA Investing LLC now owns 653 shares of the company's stock worth $26,000 after purchasing an additional 576 shares in the last quarter. Byrne Asset Management LLC grew its holdings in Sturm, Ruger & Company, Inc. by 115.1% in the 1st quarter. Byrne Asset Management LLC now owns 968 shares of the company's stock valued at $38,000 after buying an additional 518 shares during the period. Parallel Advisors LLC grew its holdings in Sturm, Ruger & Company, Inc. by 18,642.9% in the 1st quarter. Parallel Advisors LLC now owns 1,312 shares of the company's stock valued at $52,000 after buying an additional 1,305 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Sturm, Ruger & Company, Inc. by 506.1% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,400 shares of the company's stock valued at $55,000 after buying an additional 1,169 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Sturm, Ruger & Company, Inc. by 159.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,422 shares of the company's stock valued at $56,000 after buying an additional 874 shares during the period. Institutional investors and hedge funds own 64.00% of the company's stock.

Analyst Ratings Changes

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. Stock Up 0.3%

Shares of RGR traded up $0.10 during trading on Friday, reaching $34.64. The company's stock had a trading volume of 122,297 shares, compared to its average volume of 197,589. The company has a fifty day moving average of $34.94 and a two-hundred day moving average of $36.91. Sturm, Ruger & Company, Inc. has a twelve month low of $31.64 and a twelve month high of $42.76. The company has a market cap of $559.78 million, a price-to-earnings ratio of 111.74 and a beta of 0.07.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its earnings results 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. The company 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 quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. As a group, equities analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, August 15th. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 206.45%.

Insider Activity at Sturm, Ruger & Company, Inc.

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 transaction of $286,400.00. Following the sale, the vice president directly owned 564 shares of the company's stock, valued at approximately $20,191.20. This represents a 93.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher John Killoy sold 8,583 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $37.01, for a total value of $317,656.83. Following the transaction, the director owned 41,559 shares of the company's stock, valued at approximately $1,538,098.59. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company's stock.

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.