Ritholtz Wealth Management Acquires New Holdings in Sturm, Ruger & Company, Inc. $RGR

Key Points

• Ritholtz Wealth Management has acquired 11,891 shares of Sturm, Ruger & Company, Inc. during the second quarter, valued at approximately $427,000.
• The company's latest earnings report showed a profit of $0.41 per share, exceeding estimates of $0.38, with a revenue of $132.49 million for the quarter.
• Sturm, Ruger recently cut its dividend to $0.16, reflecting a dividend payout ratio of 206.45% and indicating financial strain.

Ritholtz Wealth Management acquired a new stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,891 shares of the company's stock, valued at approximately $427,000. Ritholtz Wealth Management owned 0.07% of Sturm, Ruger & Company, Inc. as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in Sturm, Ruger & Company, Inc. by 11.3% during the first quarter. Wellington Management Group LLP now owns 458,328 shares of the company's stock valued at $18,008,000 after purchasing an additional 46,410 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Sturm, Ruger & Company, Inc. by 13.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 219,061 shares of the company's stock valued at $8,607,000 after purchasing an additional 26,660 shares during the period. Invesco Ltd. lifted its position in Sturm, Ruger & Company, Inc. by 9.2% during the first quarter. Invesco Ltd. now owns 154,872 shares of the company's stock valued at $6,085,000 after purchasing an additional 13,099 shares during the period. AQR Capital Management LLC lifted its position in Sturm, Ruger & Company, Inc. by 239.4% during the first quarter. AQR Capital Management LLC now owns 100,834 shares of the company's stock valued at $3,962,000 after purchasing an additional 71,128 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Sturm, Ruger & Company, Inc. by 2.6% during the first quarter. Principal Financial Group Inc. now owns 83,660 shares of the company's stock valued at $3,287,000 after purchasing an additional 2,123 shares during the period. Institutional investors own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Trading Down 3.0%

RGR opened at $44.55 on Monday. Sturm, Ruger & Company, Inc. has a 1-year low of $31.64 and a 1-year high of $48.21. The company has a market capitalization of $719.93 million, a PE ratio of 143.71 and a beta of 0.09. The firm's 50 day simple moving average is $39.11 and its two-hundred day simple moving average is $37.39.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. The business had revenue of $132.49 million for the quarter, compared to the consensus estimate of $121.99 million. During the same period last year, the firm earned $0.47 earnings per share. The company's quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share 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. Stockholders of record on Friday, August 15th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.4%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is 206.45%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Sturm, Ruger & Company, Inc. from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Sturm, Ruger & Company, Inc. in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of "Sell".

Insider Activity

In other news, Director Christopher John Killoy sold 8,776 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $40.00, for a total value of $351,040.00. Following the completion of the sale, the director directly owned 28,249 shares of the company's stock, valued at $1,129,960. This represents a 23.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.60% of the stock is currently owned by company insiders.

About Sturm, Ruger & Company, Inc.

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.

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