Squarepoint Ops LLC lessened its position in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 81.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,742 shares of the company's stock after selling 45,703 shares during the period. Squarepoint Ops LLC owned about 0.06% of Sturm, Ruger & Company, Inc. worth $380,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in 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. Norges Bank bought a new position in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth approximately $3,493,000. Dimensional Fund Advisors LP increased its holdings 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 during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Sturm, Ruger & Company, Inc. by 74.8% during the 4th quarter. Teacher Retirement System of Texas now owns 131,093 shares of the company's stock worth $4,637,000 after acquiring an additional 56,087 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter valued at $1,895,000. Institutional investors own 64.00% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Sturm, Ruger & Company, Inc. from a "hold" rating to a "buy" rating in a research report on Friday, May 30th.
Read Our Latest Research Report on RGR
Sturm, Ruger & Company, Inc. Stock Performance
Shares of RGR stock traded up $0.13 during midday trading on Friday, hitting $35.90. 128,347 shares of the company were exchanged, compared to its average volume of 159,347. The firm's 50 day moving average price is $37.32 and its two-hundred day moving average price is $37.21. The firm has a market capitalization of $594.32 million, a P/E ratio of 20.28 and a beta of 0.11. 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 announced its earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.19). The firm had revenue of $135.74 million for 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%. Sturm, Ruger & Company, Inc.'s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. Analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.
Sturm, Ruger & Company, Inc. Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.01%. The ex-dividend date was Friday, May 16th. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is 39.34%.
Insider Buying and Selling at Sturm, Ruger & Company, Inc.
In related news, VP Sarah F. Colbert sold 8,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $35.80, for a total transaction of $286,400.00. Following the sale, the vice president now owns 564 shares of the company's stock, valued at $20,191.20. This represents a 93.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Timothy Lowney acquired 2,200 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $33.37 per share, with a total value of $73,414.00. Following the completion of the acquisition, the vice president now directly owns 8,874 shares in the company, valued at approximately $296,125.38. This represents a 32.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.60% of the company's stock.
About Sturm, Ruger & Company, Inc.
(
Free Report)
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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