Raymond James Financial Inc. Invests $410,000 in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Raymond James Financial Inc. bought a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,599 shares of the company's stock, valued at approximately $410,000. Raymond James Financial Inc. owned 0.07% of Sturm, Ruger & Company, Inc. as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of RGR. Jones Financial Companies Lllp lifted its holdings in Sturm, Ruger & Company, Inc. by 32.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company's stock worth $71,000 after purchasing an additional 495 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the fourth quarter worth $245,000. Inceptionr LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at about $321,000. Quantbot Technologies LP grew its stake in shares of Sturm, Ruger & Company, Inc. by 43.2% in the fourth quarter. Quantbot Technologies LP now owns 11,066 shares of the company's stock valued at $391,000 after acquiring an additional 3,339 shares in the last quarter. Finally, Aigen Investment Management LP grew its stake in shares of Sturm, Ruger & Company, Inc. by 57.9% in the fourth quarter. Aigen Investment Management LP now owns 11,859 shares of the company's stock valued at $419,000 after acquiring an additional 4,349 shares in the last quarter. Institutional investors and hedge funds own 64.00% of the company's stock.

Analyst Ratings Changes

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

Sturm, Ruger & Company, Inc. Price Performance

Shares of NYSE:RGR opened at $35.03 on Friday. The business's 50 day simple moving average is $38.67 and its 200 day simple moving average is $37.74. Sturm, Ruger & Company, Inc. has a 1 year low of $32.74 and a 1 year high of $46.40. The company has a market capitalization of $579.92 million, a P/E ratio of 19.79 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share (EPS) 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 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 company posted $0.40 earnings per share. The business's revenue for the quarter was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, May 16th. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is presently 39.34%.

Insider Buying and Selling

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

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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