Goldman Sachs Group Inc. Sells 41,002 Shares of Sturm, Ruger & Company, Inc. $RGR

Key Points

• Goldman Sachs Group Inc. reduced its position in Sturm, Ruger & Company by 23.8%, owning approximately $5.17 million worth of shares after selling 41,002 shares in Q1.
• Wellington Management Group and Charles Schwab both increased their holdings in Sturm, Ruger, reflecting a growing interest from institutional investors, with 64% of the stock currently owned by such entities.
• The company recently declared a quarterly dividend of $0.16 per share, with a high dividend payout ratio of 206.45%.

Goldman Sachs Group Inc. decreased its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 23.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,503 shares of the company's stock after selling 41,002 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.79% of Sturm, Ruger & Company, Inc. worth $5,167,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Trust Corp increased its holdings in Sturm, Ruger & Company, Inc. by 14.0% in the fourth quarter. Northern Trust Corp now owns 184,831 shares of the company's stock valued at $6,537,000 after purchasing an additional 22,670 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Sturm, Ruger & Company, Inc. by 209.1% in the fourth quarter. BNP Paribas Financial Markets now owns 26,873 shares of the company's stock valued at $950,000 after purchasing an additional 18,180 shares during the last quarter. Deutsche Bank AG increased its holdings in Sturm, Ruger & Company, Inc. by 4.7% in the fourth quarter. Deutsche Bank AG now owns 59,952 shares of the company's stock valued at $2,121,000 after purchasing an additional 2,674 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in Sturm, Ruger & Company, Inc. by 40.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 53,048 shares of the company's stock valued at $1,876,000 after acquiring an additional 15,386 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Sturm, Ruger & Company, Inc. by 4.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,387 shares of the company's stock valued at $332,000 after acquiring an additional 380 shares during the period. Institutional investors own 64.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

Sturm, Ruger & Company, Inc. Trading Up 1.3%

NYSE:RGR traded up $0.52 on Friday, hitting $39.81. The company's stock had a trading volume of 689,948 shares, compared to its average volume of 190,752. The firm has a market capitalization of $643.33 million, a P/E ratio of 128.42 and a beta of 0.10. Sturm, Ruger & Company, Inc. has a one year low of $31.64 and a one year high of $42.76. The stock has a fifty day moving average of $35.15 and a two-hundred day moving average of $36.77.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. The business had revenue of $132.49 million for the quarter, compared to the consensus estimate of $121.99 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.The firm's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share. As a group, sell-side analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is currently 206.45%.

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.