Wellington Management Group LLP Grows Position in Sturm, Ruger & Company, Inc. $RGR

Key Points

• Wellington Management Group LLP increased its holdings in Sturm, Ruger & Company by 11.3%, owning approximately 458,328 shares valued at $18 million.
• Several institutional investors, including Dimensional Fund Advisors LP, raised their stakes in Sturm, Ruger, contributing to a total ownership of 64% by these investors.
• Sturm, Ruger recently reported an EPS of $0.41, exceeding analysts' expectations, while announcing a quarterly dividend of $0.16 per share.

Wellington Management Group LLP lifted its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 458,328 shares of the company's stock after purchasing an additional 46,410 shares during the quarter. Wellington Management Group LLP owned about 2.77% of Sturm, Ruger & Company, Inc. worth $18,008,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased 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 last quarter. Aurora Private Wealth Inc. acquired a new stake in Sturm, Ruger & Company, Inc. during the first quarter worth $1,570,000. Millennium Management LLC increased its stake in Sturm, Ruger & Company, Inc. by 19.4% during the fourth quarter. Millennium Management LLC now owns 98,102 shares of the company's stock worth $3,470,000 after acquiring an additional 15,928 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in Sturm, Ruger & Company, Inc. by 40.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 53,048 shares of the company's stock worth $1,876,000 after acquiring an additional 15,386 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 worth $6,284,000 after acquiring an additional 96,703 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company's stock.

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

NYSE:RGR traded up $0.10 during midday trading on Friday, reaching $34.64. The company had a trading volume of 122,297 shares, compared to its average volume of 197,589. The firm has a market capitalization of $559.78 million, a price-to-earnings ratio of 111.74 and a beta of 0.07. The stock's fifty day simple moving average is $34.94 and its 200-day simple moving average is $36.91. Sturm, Ruger & Company, Inc. has a 12-month low of $31.64 and a 12-month high of $42.76.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. The firm had revenue of $132.49 million during 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%.Sturm, Ruger & Company, Inc.'s revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. As a group, sell-side analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, August 15th. This represents a $0.64 annualized dividend and a yield of 1.8%. Sturm, Ruger & Company, Inc.'s payout ratio is presently 206.45%.

Insider Buying and Selling

In related news, Director Christopher John Killoy sold 8,583 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $37.01, for a total value of $317,656.83. Following the transaction, the director directly owned 41,559 shares of the company's stock, valued at $1,538,098.59. This trade represents a 17.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 owned 564 shares in the company, valued at $20,191.20. This represents a 93.41% decrease in their ownership of the stock. 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 cut 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.