Graham Capital Management L.P. Invests $452,000 in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Graham Capital Management L.P. acquired a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,774 shares of the company's stock, valued at approximately $452,000. Graham Capital Management L.P. owned 0.08% of Sturm, Ruger & Company, Inc. as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Sturm, Ruger & Company, Inc. by 12.6% during the fourth quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company's stock valued at $7,174,000 after buying an additional 22,736 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Sturm, Ruger & Company, Inc. during the 4th quarter valued at $481,000. Inceptionr LLC acquired a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter worth approximately $321,000. Dimensional Fund Advisors LP lifted its stake in shares of Sturm, Ruger & Company, Inc. by 119.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company's stock worth $6,284,000 after buying an additional 96,703 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Sturm, Ruger & Company, Inc. by 323,785.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company's stock worth $802,000 after acquiring an additional 22,665 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Sturm, Ruger & Company, Inc. from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th.

Insider Buying and Selling at Sturm, Ruger & Company, Inc.

In other news, Director Phillip Widman purchased 4,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Tuesday, May 6th. The shares were purchased at an average cost of $33.58 per share, for a total transaction of $134,320.00. Following the completion of the transaction, the director now directly owns 31,757 shares in the company, valued at approximately $1,066,400.06. This represents a 14.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy Lowney purchased 2,200 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of $33.37 per share, for a total transaction of $73,414.00. Following the completion of the transaction, the vice president now owns 8,874 shares of the company's stock, valued at approximately $296,125.38. This represents a 32.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.50% of the company's stock.

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

NYSE RGR traded down $0.10 during midday trading on Monday, hitting $36.81. The company had a trading volume of 123,745 shares, compared to its average volume of 157,801. The stock has a market cap of $609.39 million, a price-to-earnings ratio of 20.80 and a beta of 0.20. The firm has a fifty day simple moving average of $38.37 and a two-hundred day simple moving average of $37.57. Sturm, Ruger & Company, Inc. has a fifty-two week low of $32.74 and a fifty-two week high of $46.40.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The company had revenue of $135.74 million for the quarter, compared to analyst estimates of $148.05 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The firm's revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.96%. Sturm, Ruger & Company, Inc.'s payout ratio is presently 39.34%.

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.