Sturm, Ruger & Company, Inc. $RGR Shares Acquired by Wellington Management Group LLP

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 raised its position in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 11.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 458,328 shares of the company's stock after purchasing an additional 46,410 shares during the period. 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 large investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in 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. Byrne Asset Management LLC grew its holdings in Sturm, Ruger & Company, Inc. by 115.1% in the first quarter. Byrne Asset Management LLC now owns 968 shares of the company's stock valued at $38,000 after purchasing an additional 518 shares during the last quarter. Parallel Advisors LLC grew its holdings in Sturm, Ruger & Company, Inc. by 18,642.9% in the first quarter. Parallel Advisors LLC now owns 1,312 shares of the company's stock valued at $52,000 after purchasing an additional 1,305 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Sturm, Ruger & Company, Inc. by 506.1% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,400 shares of the company's stock valued at $55,000 after purchasing an additional 1,169 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Sturm, Ruger & Company, Inc. by 159.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,422 shares of the company's stock valued at $56,000 after purchasing an additional 874 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company's stock.

Insider Activity

In other news, Director Christopher John Killoy sold 8,583 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $37.01, for a total transaction of $317,656.83. Following the sale, the director owned 41,559 shares in the company, valued at $1,538,098.59. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.60% of the stock is owned by company insiders.

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

Shares of RGR stock traded up $0.10 during mid-day trading on Monday, hitting $34.64. 122,297 shares of the company's stock were exchanged, compared to its average volume of 182,449. Sturm, Ruger & Company, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $42.76. The stock has a 50-day simple moving average of $34.92 and a two-hundred day simple moving average of $36.92. The stock 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. (NYSE:RGR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the firm earned $0.47 earnings per share. The business's revenue was up 1.3% on a year-over-year basis. As a group, analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.16 per share. The ex-dividend date 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 (DPR) is 206.45%.

Wall Street Analyst Weigh In

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

Sturm, Ruger & Company, Inc. Company 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.