Sturm, Ruger & Company, Inc. $RGR Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its Sturm, Ruger holdings by 7.3% in the first quarter, adding 27,107 shares to own 397,446 shares valued at approximately $15.9 million. Institutional investors collectively own 64% of RGR.
• Ruger reported quarterly EPS of $0.52, beating estimates by $0.10, while revenue rose 19.3% year over year to $158.1 million. Analysts maintain a consensus “Hold” rating with a $46 price target.
• The company increased its quarterly dividend to $0.21 per share, equivalent to an annualized $0.84 dividend and a 2.3% yield; insiders have also purchased 7,500 shares worth about $288,615 over the past three months.

Dimensional Fund Advisors LP lifted its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 397,446 shares of the company's stock after purchasing an additional 27,107 shares during the period. Dimensional Fund Advisors LP owned about 2.49% of Sturm, Ruger & Company, Inc. worth $15,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in shares of Sturm, Ruger & Company, Inc. by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,002 shares of the company's stock worth $215,000 after purchasing an additional 299 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Sturm, Ruger & Company, Inc. by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company's stock valued at $384,000 after purchasing an additional 390 shares during the last quarter. Nebula Research & Development LLC raised its position in shares of Sturm, Ruger & Company, Inc. by 2.6% in the second quarter. Nebula Research & Development LLC now owns 15,405 shares of the company's stock valued at $553,000 after purchasing an additional 391 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Sturm, Ruger & Company, Inc. by 4.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,625 shares of the company's stock worth $347,000 after acquiring an additional 432 shares during the last quarter. Finally, Brevan Howard Capital Management LP grew its position in shares of Sturm, Ruger & Company, Inc. by 8.4% in the second quarter. Brevan Howard Capital Management LP now owns 8,028 shares of the company's stock valued at $288,000 after purchasing an additional 620 shares during the last quarter. 64.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings raised Sturm, Ruger & Company, Inc. from a "sell (d+)" rating to a "hold (c)" rating in a report on Monday. Zacks Research raised shares of Sturm, Ruger & Company, Inc. from a "strong sell" rating to a "hold" rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Sturm, Ruger & Company, Inc. from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Finally, Lake Street Capital reaffirmed a "buy" rating and set a $46.00 price objective on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday, May 7th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $46.00.

Sturm, Ruger & Company, Inc. Trading Down 2.0%

Shares of NYSE RGR opened at $37.07 on Friday. Sturm, Ruger & Company, Inc. has a 1-year low of $28.33 and a 1-year high of $48.21. The company has a 50-day moving average of $38.53 and a two-hundred day moving average of $39.10. The company has a market cap of $592.39 million, a PE ratio of 49.43 and a beta of 0.19.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.42 by $0.10. The business had revenue of $158.06 million for the quarter, compared to analysts' expectations of $128.54 million. Sturm, Ruger & Company, Inc. had a net margin of 2.11% and a return on equity of 6.58%. Sturm, Ruger & Company, Inc.'s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. As a group, equities research analysts forecast that Sturm, Ruger & Company, Inc. will post 1.49 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 14th. This is a boost from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 58.67%.

Insider Buying and Selling at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, CEO Todd William Seyfert bought 1,500 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price of $39.15 per share, with a total value of $58,725.00. Following the purchase, the chief executive officer owned 1,500 shares of the company's stock, valued at $58,725. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Phillip Widman purchased 5,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $38.00 per share, with a total value of $190,000.00. Following the transaction, the director owned 45,208 shares in the company, valued at $1,717,904. This trade represents a 12.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 7,500 shares of company stock worth $288,615. Company insiders own 4.60% of the company's stock.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company's product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.

Want to see what other hedge funds are holding RGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report).

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