Invesco Ltd. Grows Stake in Sturm, Ruger & Company, Inc. $RGR

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 Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 9.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP lifted its stake in Sturm, Ruger & Company, Inc. by 71.7% in the fourth quarter. Wellington Management Group LLP now owns 411,918 shares of the company's stock worth $14,570,000 after acquiring an additional 172,055 shares during the period. Dimensional Fund Advisors LP increased its position in Sturm, Ruger & Company, Inc. by 119.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company's stock valued at $6,284,000 after purchasing an additional 96,703 shares during the period. Aurora Private Wealth Inc. purchased a new position in Sturm, Ruger & Company, Inc. during the 1st quarter valued at $1,570,000. Freestone Grove Partners LP bought a new position in Sturm, Ruger & Company, Inc. in the 4th quarter worth $1,385,000. Finally, Marathon Partners Equity Management LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the 4th quarter worth about $1,150,000. Institutional investors own 64.00% of the company's stock.

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

In other Sturm, Ruger & Company, Inc. news, 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 transaction, the director owned 41,559 shares of the company's stock, valued at approximately $1,538,098.59. This trade represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.60% of the company's stock.

Sturm, Ruger & Company, Inc. Price Performance

RGR stock traded up $0.10 during midday trading on Monday, hitting $34.64. The stock had a trading volume of 122,297 shares, compared to its average volume of 182,449. The business has a 50-day moving average of $34.92 and a two-hundred day moving average of $36.92. The firm has a market cap of $559.78 million, a price-to-earnings ratio of 111.74 and a beta of 0.10. Sturm, Ruger & Company, Inc. has a 52-week low of $31.64 and a 52-week high of $42.76.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. The firm had revenue of $132.49 million for the quarter, compared to analysts' expectations of $121.99 million. Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 EPS. Research 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, August 29th. Shareholders of record on Friday, August 15th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 15th. Sturm, Ruger & Company, Inc.'s dividend payout ratio is 206.45%.

Wall Street Analysts Forecast Growth

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

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.