Two Sigma Investments LP Trims Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Two Sigma Investments LP reduced its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 71.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,423 shares of the company's stock after selling 23,619 shares during the period. Two Sigma Investments LP owned 0.06% of Sturm, Ruger & Company, Inc. worth $333,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of RGR. Sherbrooke Park Advisers LLC bought a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter worth about $250,000. Point72 Asia Singapore Pte. Ltd. grew its stake in Sturm, Ruger & Company, Inc. by 351.0% during the fourth 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. Point72 Asset Management L.P. bought a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter worth approximately $248,000. Marathon Partners Equity Management LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the 4th quarter valued at about $1,150,000. Finally, Millennium Management LLC lifted its position in 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 during the last quarter. Institutional investors own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Down 0.9%

Shares of NYSE RGR traded down $0.35 during trading hours on Friday, hitting $37.51. 150,302 shares of the stock were exchanged, compared to its average volume of 160,685. Sturm, Ruger & Company, Inc. has a 12 month low of $32.74 and a 12 month high of $46.40. The firm has a fifty day moving average price of $37.18 and a 200-day moving average price of $37.19. The company has a market cap of $620.99 million, a PE ratio of 21.19 and a beta of 0.11.

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 (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The firm had revenue of $135.74 million during the quarter, compared to analysts' expectations of $148.05 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company's revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Friday, May 16th. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is presently 39.34%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Sturm, Ruger & Company, Inc. news, Director Christopher John Killoy sold 8,583 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $37.01, for a total value of $317,656.83. Following the completion of the sale, the director now directly owns 41,559 shares in the company, valued at $1,538,098.59. This represents a 17.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy Lowney bought 2,200 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of $33.37 per share, for a total transaction of $73,414.00. Following the completion of the acquisition, the vice president now directly owns 8,874 shares in the company, valued at $296,125.38. The trade was a 32.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.60% of the stock is owned by 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.