Nuveen LLC Buys Shares of 56,573 Sturm, Ruger & Company, Inc. $RGR

Key Points

• Nuveen LLC acquired a new position in Sturm, Ruger & Company, Inc. by purchasing 56,573 shares worth approximately $2.2 million, representing about 0.34% of the company's stock.
• Sturm, Ruger & Company reported $0.41 earnings per share (EPS) for the last quarter, surpassing analyst estimates of $0.38, and recorded a revenue increase to $132.49 million.
• The company recently declared a quarterly dividend of $0.16 per share, resulting in a 1.8% dividend yield, although its dividend payout ratio is high at 206.45%.

Nuveen LLC acquired a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 56,573 shares of the company's stock, valued at approximately $2,223,000. Nuveen LLC owned 0.34% of Sturm, Ruger & Company, Inc. as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in RGR. Wellington Management Group LLP boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 71.7% during the fourth quarter. Wellington Management Group LLP now owns 411,918 shares of the company's stock worth $14,570,000 after purchasing an additional 172,055 shares during the period. Dimensional Fund Advisors LP lifted its position in Sturm, Ruger & Company, Inc. by 119.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company's stock worth $6,284,000 after buying an additional 96,703 shares in the last quarter. Aurora Private Wealth Inc. acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 1st quarter valued at $1,570,000. Freestone Grove Partners LP purchased a new position in shares of Sturm, Ruger & Company, Inc. during the 4th quarter valued at $1,385,000. Finally, Marathon Partners Equity Management LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth $1,150,000. Institutional investors and hedge funds own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of RGR traded down $0.17 during mid-day trading on Wednesday, hitting $34.34. The company's stock had a trading volume of 54,320 shares, compared to its average volume of 170,404. The stock's 50-day moving average is $34.89 and its two-hundred day moving average is $36.90. The firm has a market capitalization of $554.93 million, a PE ratio of 110.68 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.

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

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.16 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.9%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is currently 206.45%.

Analyst Ratings Changes

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

Insider Activity at Sturm, Ruger & Company, Inc.

In other news, Director Christopher John Killoy sold 8,583 shares of the 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 transaction, the director owned 41,559 shares in the company, valued at approximately $1,538,098.59. This represents a 17.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.60% of the company's stock.

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.