Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. boosted its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 351.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,655 shares of the company’s stock after buying an additional 1,288 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Sturm, Ruger & Company, Inc. were worth $59,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in shares of Sturm, Ruger & Company, Inc. by 71.7% during the fourth quarter. Wellington Management Group LLP now owns 411,918 shares of the company’s stock valued at $14,570,000 after acquiring an additional 172,055 shares during the last quarter. Norges Bank acquired a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter valued at approximately $3,493,000. Dimensional Fund Advisors LP raised its position in Sturm, Ruger & Company, Inc. by 119.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company’s stock valued at $6,284,000 after purchasing an additional 96,703 shares during the period. Teacher Retirement System of Texas lifted its stake in Sturm, Ruger & Company, Inc. by 74.8% during the fourth quarter. Teacher Retirement System of Texas now owns 131,093 shares of the company’s stock worth $4,637,000 after purchasing an additional 56,087 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Sturm, Ruger & Company, Inc. during the fourth quarter worth $1,895,000. Institutional investors and hedge funds own 64.00% of the company’s stock.

Insider Activity

In other news, VP Timothy Lowney bought 2,200 shares of Sturm, Ruger & Company, Inc. stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average price of $33.37 per share, with a total value of $73,414.00. Following the completion of the acquisition, the vice president now directly owns 8,874 shares in the company, valued at $296,125.38. The trade was a 32.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Phillip Widman purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $33.58 per share, with a total value of $134,320.00. Following the purchase, the director now directly owns 31,757 shares of the company’s stock, valued at $1,066,400.06. The trade was a 14.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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 $36.88 on Monday. The firm has a market capitalization of $610.55 million, a PE ratio of 20.84 and a beta of 0.20. Sturm, Ruger & Company, Inc. has a 1 year low of $32.74 and a 1 year high of $46.40. The firm’s 50-day moving average is $38.37 and its two-hundred day moving average is $37.57.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.19). The business had revenue of $135.74 million for the quarter, compared to analysts’ expectations of $148.05 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. Sturm, Ruger & Company, Inc.’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. Analysts expect 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. Stockholders of record on Friday, May 16th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, May 16th. Sturm, Ruger & Company, Inc.’s payout ratio is currently 39.34%.

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.