Sturm, Ruger & Company, Inc. $RGR Stock Holdings Decreased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its shareholding in Sturm, Ruger & Company, Inc. by 0.7%, now holding 1,521,128 shares valued at approximately $59.77 million.
• The company's stock is currently trading at $35.09 with a market capitalization of $567.04 million and a PE ratio of 113.19.
• Sturm, Ruger & Company, Inc. recently cut its quarterly dividend to $0.16, reflecting a high payout ratio of 206.45%.

Vanguard Group Inc. decreased its position in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,521,128 shares of the company's stock after selling 10,906 shares during the period. Vanguard Group Inc. owned 9.19% of Sturm, Ruger & Company, Inc. worth $59,765,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in Sturm, Ruger & Company, Inc. by 4.0% during the fourth quarter. Wells Fargo & Company MN now owns 42,272 shares of the company's stock worth $1,495,000 after purchasing an additional 1,634 shares in the last quarter. Invesco Ltd. boosted its position in Sturm, Ruger & Company, Inc. by 3.0% in the 4th quarter. Invesco Ltd. now owns 141,773 shares of the company's stock valued at $5,015,000 after buying an additional 4,181 shares during the period. Raymond James Financial Inc. purchased a new stake in Sturm, Ruger & Company, Inc. during the 4th quarter worth about $410,000. Barclays PLC grew its position in shares of Sturm, Ruger & Company, Inc. by 1.1% during the fourth quarter. Barclays PLC now owns 32,453 shares of the company's stock worth $1,148,000 after buying an additional 356 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Sturm, Ruger & Company, Inc. by 24.1% in the fourth quarter. Marshall Wace LLP now owns 83,386 shares of the company's stock valued at $2,949,000 after acquiring an additional 16,213 shares in the last quarter. Hedge funds and other institutional investors own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Performance

Sturm, Ruger & Company, Inc. stock traded up $0.11 during midday trading on Tuesday, reaching $35.09. The company's stock had a trading volume of 153,254 shares, compared to its average volume of 220,382. The firm has a market capitalization of $567.04 million, a PE ratio of 113.19 and a beta of 0.07. Sturm, Ruger & Company, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $42.76. The stock's 50 day simple moving average is $35.11 and its 200 day simple moving average is $36.94.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its quarterly earnings results 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. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.The business had revenue of $132.49 million for the quarter, compared to analysts' expectations of $121.99 million. During the same quarter in the prior year, the firm posted $0.47 EPS. The company's revenue was up 1.3% compared to the same quarter last year. Equities 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 business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be 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 is Friday, August 15th. Sturm, Ruger & Company, Inc.'s payout ratio is presently 206.45%.

Insider Activity

In other Sturm, Ruger & Company, Inc. news, Director Christopher John Killoy sold 8,583 shares of the business's 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 owned 41,559 shares in the company, valued at $1,538,098.59. The trade was a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Sarah F. Colbert sold 8,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $35.80, for a total transaction of $286,400.00. Following the sale, the vice president directly owned 564 shares in the company, valued at $20,191.20. This trade represents a 93.41% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.60% 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 research note 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.