Marathon Partners Equity Management LLC Takes Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Marathon Partners Equity Management LLC bought a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,500 shares of the company's stock, valued at approximately $1,150,000. Sturm, Ruger & Company, Inc. comprises approximately 1.0% of Marathon Partners Equity Management LLC's portfolio, making the stock its 16th biggest holding. Marathon Partners Equity Management LLC owned about 0.19% of Sturm, Ruger & Company, Inc. at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in shares of Sturm, Ruger & Company, Inc. by 32.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company's stock valued at $71,000 after purchasing an additional 495 shares in the last quarter. Brevan Howard Capital Management LP bought a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter valued at about $210,000. Dynamic Technology Lab Private Ltd bought a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter valued at approximately $245,000. Caxton Associates LP bought a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth about $252,000. Finally, Price T Rowe Associates Inc. MD lifted its position 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 acquiring an additional 907 shares in the last quarter. Institutional investors own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Trading Up 4.1%

Shares of RGR opened at $36.44 on Tuesday. The stock has a market capitalization of $603.33 million, a P/E ratio of 20.59 and a beta of 0.20. The firm's fifty day simple moving average is $38.61 and its two-hundred day simple moving average is $37.67. Sturm, Ruger & Company, Inc. has a 12 month low of $32.74 and a 12 month high of $46.40.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its earnings results 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 return on equity of 9.49% and a net margin of 5.70%. The firm had revenue of $135.74 million for the quarter, compared to the consensus estimate of $148.05 million. During the same period last year, the company posted $0.40 EPS. The business's revenue was down .8% on a year-over-year basis. As a group, research analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal 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 paid a dividend of $0.18 per share. The ex-dividend date is Friday, May 16th. This represents a $0.72 annualized dividend and a yield of 1.98%. Sturm, Ruger & Company, Inc.'s payout ratio is currently 39.34%.

Analysts Set New Price Targets

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

Insider Activity

In other news, VP Timothy Lowney bought 2,200 shares of the stock in a transaction that occurred 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 purchase, the vice president now owns 8,874 shares in the company, valued at approximately $296,125.38. This trade represents a 32.96% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Phillip Widman bought 4,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $33.58 per share, for a total transaction of $134,320.00. Following the acquisition, the director now owns 31,757 shares of the company's stock, valued at approximately $1,066,400.06. This trade represents a 14.41% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.50% of the company's stock.

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.

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