Novem Group Makes New $307,000 Investment in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Novem Group bought a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 8,683 shares of the company's stock, valued at approximately $307,000. Novem Group owned approximately 0.05% of Sturm, Ruger & Company, Inc. as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RGR. Exchange Traded Concepts LLC increased its position in Sturm, Ruger & Company, Inc. by 5.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 51,473 shares of the company's stock worth $1,821,000 after buying an additional 2,733 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Sturm, Ruger & Company, Inc. by 323,785.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company's stock worth $802,000 after acquiring an additional 22,665 shares during the last quarter. Rhumbline Advisers raised its stake in Sturm, Ruger & Company, Inc. by 4.5% in the fourth quarter. Rhumbline Advisers now owns 44,956 shares of the company's stock valued at $1,590,000 after purchasing an additional 1,918 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Sturm, Ruger & Company, Inc. by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 81,537 shares of the company's stock valued at $2,884,000 after buying an additional 1,937 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Sturm, Ruger & Company, Inc. by 12.6% in the fourth quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company's stock worth $7,174,000 after acquiring an additional 22,736 shares in the last quarter. Institutional investors and hedge funds own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Performance

RGR traded down $0.30 during midday trading on Wednesday, hitting $35.98. The stock had a trading volume of 27,395 shares, compared to its average volume of 157,240. Sturm, Ruger & Company, Inc. has a 1 year low of $32.74 and a 1 year high of $46.40. The business has a fifty day moving average of $37.83 and a 200 day moving average of $37.37. The company has a market cap of $595.65 million, a P/E ratio of 20.33 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.46 earnings per share (EPS) 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 analysts' expectations of $148.05 million. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. Sturm, Ruger & Company, Inc.'s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. On average, equities research analysts anticipate 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 will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, May 16th. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is presently 39.34%.

Analyst Ratings Changes

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

Insider Activity at Sturm, Ruger & Company, Inc.

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

Sturm, Ruger & Company, Inc. 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.