Marathon Partners Equity Management LLC Invests $1.15 Million in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Marathon Partners Equity Management LLC acquired a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 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 investment portfolio, making the stock its 16th biggest holding. Marathon Partners Equity Management LLC owned approximately 0.19% of Sturm, Ruger & Company, Inc. as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in shares of Sturm, Ruger & Company, Inc. by 71.7% in the 4th quarter. Wellington Management Group LLP now owns 411,918 shares of the company's stock valued at $14,570,000 after buying an additional 172,055 shares during the period. Norges Bank acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at $3,493,000. Dimensional Fund Advisors LP increased its stake 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 buying an additional 96,703 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Sturm, Ruger & Company, Inc. by 74.8% in the 4th quarter. Teacher Retirement System of Texas now owns 131,093 shares of the company's stock valued at $4,637,000 after buying an additional 56,087 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at $1,895,000. Institutional investors own 64.00% of the company's stock.

Insider Buying and Selling

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

Sturm, Ruger & Company, Inc. Stock Down 0.8%

Shares of Sturm, Ruger & Company, Inc. stock traded down $0.31 during trading on Friday, reaching $36.88. 176,819 shares of the company were exchanged, compared to its average volume of 157,938. Sturm, Ruger & Company, Inc. has a twelve month low of $32.74 and a twelve month high of $46.40. The business has a 50-day moving average price of $38.37 and a 200-day moving average price of $37.58. The firm has a market capitalization of $610.55 million, a price-to-earnings ratio of 20.84 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.46 EPS 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 company had revenue of $135.74 million for the quarter, compared to analyst estimates of $148.05 million. During the same period last year, the firm earned $0.40 earnings per share. The firm's revenue for the quarter was down .8% on a year-over-year basis. On average, equities research analysts forecast 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. Investors 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 dividend on an annualized basis and a dividend yield of 1.95%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is presently 39.34%.

Analyst Ratings Changes

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

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.