Sherbrooke Park Advisers LLC Purchases New Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Sherbrooke Park Advisers LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,054 shares of the company's stock, valued at approximately $250,000.

Other large investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. raised its holdings in Sturm, Ruger & Company, Inc. by 351.0% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,655 shares of the company's stock worth $59,000 after buying an additional 1,288 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth approximately $248,000. Marathon Partners Equity Management LLC bought a new position in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth approximately $1,150,000. Millennium Management LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 19.4% in the fourth quarter. Millennium Management LLC now owns 98,102 shares of the company's stock worth $3,470,000 after buying an additional 15,928 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Sturm, Ruger & Company, Inc. by 4.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,387 shares of the company's stock worth $332,000 after buying an additional 380 shares in the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sturm, Ruger & Company, Inc.

In related news, Director Phillip Widman acquired 4,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $33.58 per share, for a total transaction of $134,320.00. Following the completion of the transaction, the director now directly owns 31,757 shares in the company, valued at approximately $1,066,400.06. This trade represents a 14.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Timothy Lowney acquired 2,200 shares of the 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 transaction, 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 disclosure for this purchase can be found here. 3.50% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Sturm, Ruger & Company, Inc. from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE RGR opened at $36.81 on Tuesday. The firm's 50 day moving average price is $38.32 and its 200-day moving average price is $37.55. The company has a market cap of $609.39 million, a PE ratio of 20.80 and a beta of 0.20. Sturm, Ruger & Company, Inc. has a 52-week low of $32.74 and a 52-week high of $46.40.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.19). The firm had revenue of $135.74 million during the quarter, compared to the consensus estimate of $148.05 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The company's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 EPS. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, May 16th. This represents a $0.72 dividend on an annualized basis and a yield of 1.96%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is 39.34%.

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.

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