Two Sigma Investments LP Cuts Stake in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Two Sigma Investments LP reduced its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 71.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,423 shares of the company’s stock after selling 23,619 shares during the period. Two Sigma Investments LP’s holdings in Sturm, Ruger & Company, Inc. were worth $333,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RGR. Allspring Global Investments Holdings LLC increased its stake 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 buying an additional 22,665 shares during the period. Rhumbline Advisers increased its stake in Sturm, Ruger & Company, Inc. by 4.5% during the 4th quarter. Rhumbline Advisers now owns 44,956 shares of the company’s stock worth $1,590,000 after buying an additional 1,918 shares during the period. Principal Financial Group Inc. increased its stake in Sturm, Ruger & Company, Inc. by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 81,537 shares of the company’s stock worth $2,884,000 after buying an additional 1,937 shares during the period. Bank of New York Mellon Corp increased its stake in Sturm, Ruger & Company, Inc. by 12.6% during the 4th quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company’s stock worth $7,174,000 after buying an additional 22,736 shares during the period. Finally, Jones Financial Companies Lllp increased its stake 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 buying an additional 495 shares during the period. 64.00% of the stock is owned by hedge funds and other institutional investors.

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

In other news, VP Timothy Lowney acquired 2,200 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $33.37 per share, with a total value of $73,414.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher John Killoy sold 8,583 shares of the company’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $37.01, for a total transaction of $317,656.83. Following the completion of the transaction, the director now owns 41,559 shares of the company’s stock, valued at approximately $1,538,098.59. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.

Sturm, Ruger & Company, Inc. Stock Up 1.3%

Shares of RGR opened at $37.74 on Wednesday. Sturm, Ruger & Company, Inc. has a fifty-two week low of $32.74 and a fifty-two week high of $46.40. The firm’s 50 day moving average price is $37.19 and its 200 day moving average price is $37.19. The company has a market cap of $624.79 million, a P/E ratio of 21.32 and a beta of 0.11.

Sturm, Ruger & Company, Inc. (NYSE:RGR) 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 net margin of 5.70% and a return on equity of 9.49%. The firm had revenue of $135.74 million during the quarter, compared to analysts’ expectations of $148.05 million. During the same period in the prior year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. Research analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, May 16th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 39.34%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Sturm, Ruger & Company, Inc. from a “hold” rating to a “buy” rating in a research note on Friday, May 30th.

About Sturm, Ruger & Company, Inc.

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.