Tower Research Capital LLC TRC Sells 1,695 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Tower Research Capital LLC TRC lessened its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 33.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,395 shares of the company’s stock after selling 1,695 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Sturm, Ruger & Company, Inc. were worth $120,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. MetLife Investment Management LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 7.2% in the fourth quarter. MetLife Investment Management LLC now owns 10,247 shares of the company’s stock worth $362,000 after acquiring an additional 692 shares during the period. Dimensional Fund Advisors LP grew its position in Sturm, Ruger & Company, Inc. by 119.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company’s stock worth $6,284,000 after purchasing an additional 96,703 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Sturm, Ruger & Company, Inc. by 10.1% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 17,260 shares of the company’s stock worth $609,000 after purchasing an additional 1,579 shares during the period. Marshall Wace LLP increased its holdings in shares of Sturm, Ruger & Company, Inc. by 24.1% during the 4th quarter. Marshall Wace LLP now owns 83,386 shares of the company’s stock valued at $2,949,000 after purchasing an additional 16,213 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at $522,000. 64.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Phillip Widman purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was 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 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Timothy Lowney acquired 2,200 shares of Sturm, Ruger & Company, Inc. stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased 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 in the company, valued at $296,125.38. The trade was a 32.96 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Sturm, Ruger & Company, Inc. from a “strong-buy” rating to a “buy” rating in a research report on Monday.

Sturm, Ruger & Company, Inc. Stock Up 7.1 %

Shares of Sturm, Ruger & Company, Inc. stock opened at $35.32 on Friday. The firm has a market cap of $584.77 million, a PE ratio of 19.96 and a beta of 0.20. 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 $38.76 and a 200 day moving average price of $37.78.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted 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 net margin of 5.70% and a return on equity of 9.49%. The business had revenue of $135.74 million during the quarter, compared to analysts’ expectations of $148.05 million. During the same quarter last year, the firm earned $0.40 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. On average, sell-side analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 EPS 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 given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Friday, May 16th. Sturm, Ruger & Company, Inc.’s dividend 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.