Sturm, Ruger & Company, Inc. $RGR Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Sturm, Ruger & Company, Inc. by 9.2% during the 1st quarter, owning 154,872 shares valued at approximately $6.08 million as of the most recent reporting period.
• The company reported a quarterly revenue of $132.49 million, exceeding analysts' expectations, with earnings per share (EPS) of $0.41, beating estimates by $0.03.
• Sturm, Ruger & Company, Inc. announced a quarterly dividend of $0.16, representing an annualized dividend yield of 1.8%, though the dividend payout ratio currently stands at a high 206.45%.

Invesco Ltd. raised its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 9.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,872 shares of the company's stock after buying an additional 13,099 shares during the quarter. Invesco Ltd. owned about 0.94% of Sturm, Ruger & Company, Inc. worth $6,085,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. GAMMA Investing LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 748.1% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company's stock valued at $26,000 after purchasing an additional 576 shares during the period. Byrne Asset Management LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 115.1% in the first quarter. Byrne Asset Management LLC now owns 968 shares of the company's stock valued at $38,000 after purchasing an additional 518 shares during the period. Parallel Advisors LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 18,642.9% in the first quarter. Parallel Advisors LLC now owns 1,312 shares of the company's stock valued at $52,000 after purchasing an additional 1,305 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Sturm, Ruger & Company, Inc. by 506.1% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,400 shares of the company's stock valued at $55,000 after purchasing an additional 1,169 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Sturm, Ruger & Company, Inc. by 159.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,422 shares of the company's stock valued at $56,000 after purchasing an additional 874 shares during the period. Hedge funds and other institutional investors own 64.00% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Sturm, Ruger & Company, Inc. from a "buy" rating to a "hold" rating in a report on Sunday, June 29th.

Insider Activity

In other news, VP Sarah F. Colbert sold 8,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $35.80, for a total value of $286,400.00. Following the completion of the transaction, the vice president owned 564 shares in the company, valued at approximately $20,191.20. This trade represents a 93.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher John Killoy sold 8,583 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $37.01, for a total transaction of $317,656.83. Following the completion of the sale, the director directly owned 41,559 shares in the company, valued at approximately $1,538,098.59. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.60% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Up 0.3%

Sturm, Ruger & Company, Inc. stock traded up $0.10 during mid-day trading on Friday, reaching $34.64. 122,297 shares of the company's stock were exchanged, compared to its average volume of 197,589. Sturm, Ruger & Company, Inc. has a twelve month low of $31.64 and a twelve month high of $42.76. The company has a market cap of $559.78 million, a P/E ratio of 111.74 and a beta of 0.07. The company has a fifty day moving average of $34.94 and a 200-day moving average of $36.91.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. The business had revenue of $132.49 million for the quarter, compared to analyst estimates of $121.99 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.The company's revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 earnings per share. Equities research analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.64 dividend on an annualized basis and a yield of 1.8%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is currently 206.45%.

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.