Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its position in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 184,831 shares of the company's stock after purchasing an additional 22,670 shares during the quarter. Northern Trust Corp owned approximately 1.10% of Sturm, Ruger & Company, Inc. worth $6,537,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings in shares of 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. Dynamic Technology Lab Private Ltd acquired a new position in Sturm, Ruger & Company, Inc. during the 4th quarter valued at about $245,000. Price T Rowe Associates Inc. MD raised its stake in Sturm, Ruger & Company, Inc. by 12.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,206 shares of the company's stock valued at $291,000 after buying an additional 907 shares during the last quarter. Inceptionr LLC purchased a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter valued at about $321,000. Finally, MetLife Investment Management LLC boosted its holdings in Sturm, Ruger & Company, Inc. by 7.2% in the fourth quarter. MetLife Investment Management LLC now owns 10,247 shares of the company's stock worth $362,000 after acquiring an additional 692 shares in the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

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 business's stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average price of $33.37 per share, for a total transaction of $73,414.00. Following the completion of the purchase, the vice president now directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Phillip Widman bought 4,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now directly owns 31,757 shares of the company's stock, valued at $1,066,400.06. This trade represents a 14.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.60% of the company's stock.

Sturm, Ruger & Company, Inc. Trading Down 0.5%

Shares of NYSE:RGR traded down $0.16 on Friday, hitting $35.71. 170,809 shares of the company were exchanged, compared to its average volume of 157,619. The firm has a market capitalization of $591.15 million, a P/E ratio of 20.17 and a beta of 0.20. Sturm, Ruger & Company, Inc. has a 1-year low of $32.74 and a 1-year high of $46.40. The stock's 50 day moving average price is $37.98 and its 200 day moving average price is $37.41.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.19). The firm 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%. The business's revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. On average, equities analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.72 annualized dividend and a yield of 2.02%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is presently 39.34%.

Analyst Upgrades and Downgrades

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

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.