Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lowered its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 71.5% in the fourth quarter, according to its most recent disclosure with the 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 approximately 0.06% of Sturm, Ruger & Company, Inc. worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Sturm, Ruger & Company, Inc. by 351.0% during 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. Jones Financial Companies Lllp lifted its position in shares of Sturm, Ruger & Company, Inc. by 32.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company's stock worth $71,000 after buying an additional 495 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth approximately $210,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth approximately $245,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth approximately $248,000. Institutional investors and hedge funds own 64.00% of the company's stock.

Analyst Ratings Changes

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

Insider Activity at Sturm, Ruger & Company, Inc.

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

Sturm, Ruger & Company, Inc. Trading Down 0.1%

Shares of Sturm, Ruger & Company, Inc. stock traded down $0.05 during trading on Thursday, reaching $37.79. The company's stock had a trading volume of 108,700 shares, compared to its average volume of 160,504. The company has a 50-day moving average price of $37.17 and a two-hundred day moving average price of $37.20. The firm has a market cap of $625.61 million, a PE ratio of 21.35 and a beta of 0.11. Sturm, Ruger & Company, Inc. has a fifty-two week low of $32.74 and a fifty-two week 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 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 business had revenue of $135.74 million for the quarter, compared to analyst estimates of $148.05 million. During the same quarter in the previous year, the firm posted $0.40 EPS. The business's revenue for the quarter was down .8% on a year-over-year basis. On average, analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.18 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.72 dividend on an annualized basis and a yield of 1.91%. Sturm, Ruger & Company, Inc.'s payout ratio is 39.34%.

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.