Deutsche Bank AG Sells 46,544 Shares of Sturm, Ruger & Company, Inc. $RGR

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 trimmed its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 77.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,408 shares of the company's stock after selling 46,544 shares during the period. Deutsche Bank AG owned approximately 0.08% of Sturm, Ruger & Company, Inc. worth $527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its position in Sturm, Ruger & Company, Inc. by 71.7% in the 4th quarter. Wellington Management Group LLP now owns 411,918 shares of the company's stock valued at $14,570,000 after buying an additional 172,055 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Sturm, Ruger & Company, Inc. by 119.4% during 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 during the period. Aurora Private Wealth Inc. bought a new position in Sturm, Ruger & Company, Inc. in the first quarter valued at about $1,570,000. Freestone Grove Partners LP acquired a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter worth about $1,385,000. Finally, Marathon Partners Equity Management LLC acquired a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter worth about $1,150,000. Institutional investors and hedge funds own 64.00% of the company's stock.

Insider Activity

In related news, Director Christopher John Killoy sold 8,583 shares of the company's stock in a transaction 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 $1,538,098.59. This represents a 17.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Sturm, Ruger & Company, Inc. Stock Performance

NYSE:RGR traded up $0.10 during mid-day trading on Monday, hitting $34.64. The company had a trading volume of 122,297 shares, compared to its average volume of 182,449. Sturm, Ruger & Company, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $42.76. The firm has a market cap of $559.78 million, a P/E ratio of 111.74 and a beta of 0.10. The business's fifty day moving average is $34.92 and its two-hundred day moving average is $36.92.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its quarterly 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. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.The company had revenue of $132.49 million during the quarter, compared to analysts' expectations of $121.99 million. During the same period in the prior year, the business posted $0.47 EPS. Sturm, Ruger & Company, Inc.'s revenue was up 1.3% on a year-over-year basis. Equities analysts forecast 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 declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders 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 dividend yield of 1.8%. Sturm, Ruger & Company, Inc.'s payout ratio is 206.45%.

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.