Vident Advisory LLC Makes New $587,000 Investment 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 acquired a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 have also bought and sold shares of RGR. Raymond James Financial Inc. acquired a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter valued at $410,000. Dimensional Fund Advisors LP boosted its stake in Sturm, Ruger & Company, Inc. by 119.4% in the 4th 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Sturm, Ruger & Company, Inc. by 12.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,206 shares of the company's stock valued at $291,000 after buying an additional 907 shares in the last quarter. Northern Trust Corp boosted its stake in Sturm, Ruger & Company, Inc. by 14.0% in the 4th quarter. Northern Trust Corp now owns 184,831 shares of the company's stock valued at $6,537,000 after buying an additional 22,670 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Sturm, Ruger & Company, Inc. by 209.1% in the 4th quarter. BNP Paribas Financial Markets now owns 26,873 shares of the company's stock valued at $950,000 after buying an additional 18,180 shares in the last quarter. Institutional investors and hedge funds own 64.00% of the company's stock.

Analyst Ratings Changes

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

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE RGR remained flat at $37.16 during trading on Friday. 222,053 shares of the company's stock were exchanged, compared to its average volume of 169,784. Sturm, Ruger & Company, Inc. has a one year low of $31.64 and a one year high of $42.76. The business's 50 day moving average is $34.83 and its 200 day moving average is $36.78. The stock has a market cap of $600.51 million, a PE ratio of 119.87 and a beta of 0.10.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released 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. The business 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%. Sturm, Ruger & Company, Inc.'s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. As a group, equities analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is 206.45%.

Sturm, Ruger & Company, Inc. Profile

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.