Millennium Management LLC Has $3.47 Million Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Millennium Management LLC increased its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 19.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,102 shares of the company's stock after purchasing an additional 15,928 shares during the period. Millennium Management LLC owned approximately 0.58% of Sturm, Ruger & Company, Inc. worth $3,470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 1.1% during the fourth quarter. Barclays PLC now owns 32,453 shares of the company's stock valued at $1,148,000 after acquiring an additional 356 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Sturm, Ruger & Company, Inc. by 4.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,387 shares of the company's stock worth $332,000 after purchasing an additional 380 shares in the last quarter. Jones Financial Companies Lllp lifted 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 valued at $71,000 after purchasing an additional 495 shares during the last quarter. Martingale Asset Management L P boosted its position in Sturm, Ruger & Company, Inc. by 2.5% in the fourth quarter. Martingale Asset Management L P now owns 23,666 shares of the company's stock valued at $837,000 after buying an additional 588 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in Sturm, Ruger & Company, Inc. by 7.2% during the fourth quarter. MetLife Investment Management LLC now owns 10,247 shares of the company's stock worth $362,000 after buying an additional 692 shares during the last quarter. Institutional investors own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Down 0.2%

RGR traded down $0.06 during trading on Wednesday, hitting $35.73. The company's stock had a trading volume of 167,766 shares, compared to its average volume of 159,019. The stock has a market capitalization of $591.51 million, a price-to-earnings ratio of 20.19 and a beta of 0.20. The firm's 50 day moving average price is $37.46 and its two-hundred day moving average price is $37.24. Sturm, Ruger & Company, Inc. has a 12 month low of $32.74 and a 12 month high of $46.40.

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 analysts' consensus estimates of $0.65 by ($0.19). The business had revenue of $135.74 million during the quarter, compared to analyst estimates of $148.05 million. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The business's quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 earnings per share. On average, sell-side 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 business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $0.18 per share. The ex-dividend date was 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 payout ratio is 39.34%.

Insider Activity

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Sturm, Ruger & Company, Inc. from a "hold" rating to a "buy" rating in a research note on Friday, May 30th.

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.