Sturm, Ruger & Company, Inc. (NYSE:RGR) Position Boosted by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 71.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 411,918 shares of the company's stock after purchasing an additional 172,055 shares during the quarter. Wellington Management Group LLP owned approximately 2.46% of Sturm, Ruger & Company, Inc. worth $14,570,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 381,193 shares of the company's stock valued at $13,487,000 after purchasing an additional 2,466 shares during the last quarter. Bank of New York Mellon Corp raised its position in Sturm, Ruger & Company, Inc. by 12.6% during the 4th quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company's stock valued at $7,174,000 after purchasing an additional 22,736 shares in the last quarter. Northern Trust Corp raised its position in Sturm, Ruger & Company, Inc. by 14.0% during the 4th 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 acquiring an additional 96,703 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of 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 acquiring an additional 4,181 shares during the period. Hedge funds and other institutional investors own 64.00% of the company's stock.

Insiders Place Their Bets

In other Sturm, Ruger & Company, Inc. news, Director Phillip Widman acquired 4,000 shares of the stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $33.58 per share, with a total value of $134,320.00. Following the acquisition, the director now owns 31,757 shares of the company's stock, valued at $1,066,400.06. This trade represents a 14.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sarah F. Colbert sold 8,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $35.80, for a total value of $286,400.00. Following the transaction, the vice president now owns 564 shares of the company's stock, 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.

Sturm, Ruger & Company, Inc. Price Performance

NYSE RGR traded up $0.01 during trading hours on Thursday, reaching $35.76. The company's stock had a trading volume of 145,614 shares, compared to its average volume of 159,168. Sturm, Ruger & Company, Inc. has a 1-year low of $32.74 and a 1-year high of $46.40. The company's 50-day moving average is $37.39 and its two-hundred day moving average is $37.23. The firm has a market capitalization of $591.99 million, a price-to-earnings ratio of 20.20 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The business had revenue of $135.74 million during the quarter, compared to analysts' expectations of $148.05 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company's revenue was down .8% on a year-over-year basis. Equities analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Friday, May 16th. Sturm, Ruger & Company, Inc.'s payout ratio is 39.34%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Sturm, Ruger & Company, Inc. from a "hold" rating to a "buy" rating in a research note on Friday, May 30th.

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.