Sherbrooke Park Advisers LLC Invests $250,000 in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Sherbrooke Park Advisers LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 7,054 shares of the company's stock, valued at approximately $250,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Sturm, Ruger & Company, Inc. by 351.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,655 shares of the company's stock valued at $59,000 after acquiring an additional 1,288 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Sturm, Ruger & Company, Inc. by 32.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company's stock valued at $71,000 after acquiring an additional 495 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at approximately $210,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at approximately $245,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at approximately $248,000. 64.00% of the stock is owned by hedge funds and other institutional investors.

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

RGR traded down $0.16 during midday trading on Friday, reaching $35.71. The company's stock had a trading volume of 170,809 shares, compared to its average volume of 157,619. The stock has a market cap of $591.15 million, a P/E ratio of 20.17 and a beta of 0.20. The company has a fifty day simple moving average of $37.98 and a 200 day simple moving average of $37.41. Sturm, Ruger & Company, Inc. has a twelve month low of $32.74 and a twelve month high of $46.40.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its earnings results 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 analyst estimates of $148.05 million. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The business's quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS. Sell-side analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Sturm, Ruger & Company, Inc.

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