Vident Advisory LLC Buys New Position in Sturm, Ruger & Company, Inc. $RGR

Key Points

• Vident Advisory LLC has invested $587,000 in Sturm, Ruger & Company, acquiring approximately 14,945 shares during the first quarter.
• The company recently reported earnings of $0.41 per share, surpassing expectations, with a total revenue of $132.49 million.
• Sturm, Ruger & Company announced a quarterly dividend of $0.16, with a payout ratio of 206.45%.

Vident Advisory LLC bought a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,945 shares of the company's stock, valued at approximately $587,000. Vident Advisory LLC owned approximately 0.09% of Sturm, Ruger & Company, Inc. at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP increased its holdings in Sturm, Ruger & Company, Inc. by 11.3% in the 1st quarter. Wellington Management Group LLP now owns 458,328 shares of the company's stock valued at $18,008,000 after acquiring an additional 46,410 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Sturm, Ruger & Company, Inc. by 13.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 219,061 shares of the company's stock worth $8,607,000 after buying an additional 26,660 shares during the period. Northern Trust Corp lifted its position in Sturm, Ruger & Company, Inc. by 14.0% during the fourth quarter. Northern Trust Corp now owns 184,831 shares of the company's stock valued at $6,537,000 after purchasing an additional 22,670 shares during the period. Dimensional Fund Advisors LP grew its position in Sturm, Ruger & Company, Inc. by 119.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company's stock valued at $6,284,000 after buying an additional 96,703 shares during the period. Finally, Invesco Ltd. increased its holdings in Sturm, Ruger & Company, Inc. by 9.2% in the 1st quarter. Invesco Ltd. now owns 154,872 shares of the company's stock worth $6,085,000 after acquiring an additional 13,099 shares in the last quarter. Hedge funds and other institutional investors own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Down 1.2%

RGR stock traded down $0.42 during mid-day trading on Tuesday, reaching $35.21. The company had a trading volume of 126,762 shares, compared to its average volume of 147,702. Sturm, Ruger & Company, Inc. has a one year low of $31.64 and a one year high of $42.76. The stock has a market capitalization of $568.99 million, a P/E ratio of 113.58 and a beta of 0.10. The stock's 50-day simple moving average is $34.81 and its two-hundred day simple moving average is $36.83.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. The business had revenue of $132.49 million for the quarter, compared to analysts' expectations of $121.99 million. During the same period in the previous year, the company posted $0.47 EPS. Sturm, Ruger & Company, Inc.'s revenue was up 1.3% on a year-over-year basis. On average, research analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.64 annualized dividend and a dividend yield of 1.8%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 206.45%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded 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.