Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Bought by Centiva Capital LP

Centiva Capital LP increased its position in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 14.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,747 shares of the company’s stock after acquiring an additional 1,093 shares during the period. Centiva Capital LP owned approximately 0.05% of Sturm, Ruger & Company, Inc. worth $309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 1.1% during the 4th quarter. Barclays PLC now owns 32,453 shares of the company’s stock worth $1,148,000 after purchasing an additional 356 shares during the period. Jones Financial Companies Lllp raised its position 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 worth $71,000 after buying an additional 495 shares during the period. Martingale Asset Management L P raised its position in Sturm, Ruger & Company, Inc. by 2.5% in the fourth quarter. Martingale Asset Management L P now owns 23,666 shares of the company’s stock valued at $837,000 after purchasing an additional 588 shares during the period. MetLife Investment Management LLC raised its position in 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 valued at $362,000 after purchasing an additional 692 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Sturm, Ruger & Company, Inc. by 12.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,206 shares of the company’s stock valued at $291,000 after purchasing an additional 907 shares during the period. Institutional investors and hedge funds own 64.00% of the company’s stock.

Insiders Place Their Bets

In other news, VP Timothy Lowney acquired 2,200 shares of the stock in a transaction on Tuesday, May 6th. The shares were purchased at an average cost of $33.37 per share, for a total transaction 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Phillip Widman acquired 4,000 shares of the stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price 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 in the company, valued at approximately $1,066,400.06. This represents 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. Stock Up 4.1%

Shares of NYSE RGR opened at $36.44 on Tuesday. The firm’s 50-day moving average price is $38.61 and its two-hundred day moving average price is $37.67. Sturm, Ruger & Company, Inc. has a 52-week low of $32.74 and a 52-week high of $46.40. The stock has a market capitalization of $603.33 million, a P/E ratio of 20.59 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly 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 net margin of 5.70% and a return on equity of 9.49%. The business 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 firm posted $0.40 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend 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 39.34%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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.