Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock Position Lowered by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 81.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,742 shares of the company's stock after selling 45,703 shares during the period. Squarepoint Ops LLC owned 0.06% of Sturm, Ruger & Company, Inc. worth $380,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RGR. Sherbrooke Park Advisers LLC bought a new position in Sturm, Ruger & Company, Inc. during the fourth quarter worth $250,000. Point72 Asia Singapore Pte. Ltd. lifted its position 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 worth $59,000 after buying an additional 1,288 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at about $248,000. Marathon Partners Equity Management LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. during the 4th quarter valued at about $1,150,000. Finally, Millennium Management LLC raised its stake in Sturm, Ruger & Company, Inc. by 19.4% during the fourth quarter. Millennium Management LLC now owns 98,102 shares of the company's stock worth $3,470,000 after acquiring an additional 15,928 shares during the period. Institutional investors and hedge funds own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of RGR stock traded up $1.30 during midday trading on Monday, reaching $37.23. 262,577 shares of the company were exchanged, compared to its average volume of 160,022. The company's 50 day moving average price is $37.24 and its two-hundred day moving average price is $37.19. The company has a market cap of $616.41 million, a P/E ratio of 21.04 and a beta of 0.11. Sturm, Ruger & Company, Inc. has a 12 month low of $32.74 and a 12 month high of $46.40.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The firm had revenue of $135.74 million during the quarter, compared to analyst estimates of $148.05 million. During the same quarter last year, the company earned $0.40 EPS. The company's quarterly revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share 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. Stockholders of record on Friday, May 16th were given a dividend of $0.18 per share. The ex-dividend date was Friday, May 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.93%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is 39.34%.

Insider Transactions at Sturm, Ruger & Company, Inc.

In other news, VP Sarah F. Colbert sold 8,000 shares of the firm's stock in a transaction 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 completion of the sale, the vice president now directly owns 564 shares of the company's stock, valued at $20,191.20. This trade represents a 93.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Phillip Widman bought 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was bought at an average price of $33.58 per share, for a total transaction of $134,320.00. Following the completion of the acquisition, the director now directly owns 31,757 shares in the company, valued at approximately $1,066,400.06. The trade was a 14.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.60% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Sturm, Ruger & Company, Inc. from a "hold" rating to a "buy" rating in a research report on Friday, May 30th.

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.