Sturm, Ruger & Company, Inc. $RGR Shares Purchased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board has increased its stake in Sturm, Ruger & Company, Inc. by 27.2% during the first quarter, owning 53,264 shares valued at approximately $2.09 million.
• Sturm, Ruger recently reported earnings of $0.41 per share, surpassing analyst estimates of $0.38, with revenue of $132.49 million, reflecting a 1.3% year-on-year increase.
• The company announced a quarterly dividend of $0.16 with a payout ratio of 206.45%, highlighting a significant distribution relative to earnings.

Public Sector Pension Investment Board raised its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 27.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,264 shares of the company's stock after purchasing an additional 11,394 shares during the period. Public Sector Pension Investment Board owned about 0.32% of Sturm, Ruger & Company, Inc. worth $2,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Sturm, Ruger & Company, Inc. by 71.7% during the 4th quarter. Wellington Management Group LLP now owns 411,918 shares of the company's stock worth $14,570,000 after acquiring an additional 172,055 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sturm, Ruger & Company, Inc. by 119.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company's stock worth $6,284,000 after acquiring an additional 96,703 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 1st quarter worth about $2,223,000. Aurora Private Wealth Inc. acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 1st quarter worth about $1,570,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth about $1,385,000. Institutional investors and hedge funds own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Up 0.3%

Shares of Sturm, Ruger & Company, Inc. stock traded up $0.11 during trading on Tuesday, reaching $35.09. The company's stock had a trading volume of 153,254 shares, compared to its average volume of 220,382. The business has a 50 day moving average price of $35.11 and a 200-day moving average price of $36.94. The company has a market capitalization of $567.04 million, a P/E ratio of 113.19 and a beta of 0.07. Sturm, Ruger & Company, Inc. has a 12-month low of $31.64 and a 12-month high of $42.76.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.The company had revenue of $132.49 million for the quarter, compared to the consensus estimate of $121.99 million. During the same period in the previous year, the business earned $0.47 earnings per share. Sturm, Ruger & Company, Inc.'s quarterly revenue was up 1.3% compared to the same quarter last year. Research analysts predict 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 declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, August 15th. This represents a $0.64 annualized dividend and a yield of 1.8%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 206.45%.

Insider Transactions at Sturm, Ruger & Company, Inc.

In related news, Director Christopher John Killoy sold 8,583 shares of the stock in a transaction dated Monday, June 9th. The stock was 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 of the company's stock, valued at approximately $1,538,098.59. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Sarah F. Colbert sold 8,000 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $35.80, for a total value of $286,400.00. Following the completion of the transaction, the vice president directly owned 564 shares of the company's stock, valued at $20,191.20. This represents a 93.41% decrease in their position. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.