Parvin Asset Management LLC Acquires Shares of 36,150 Sturm, Ruger & Company, Inc. $RGR

Parvin Asset Management LLC purchased a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 36,150 shares of the company’s stock, valued at approximately $1,368,000. Sturm, Ruger & Company, Inc. accounts for about 1.1% of Parvin Asset Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Parvin Asset Management LLC owned about 0.23% of Sturm, Ruger & Company, Inc. at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter valued at $25,000. Group One Trading LLC bought a new position in shares of Sturm, Ruger & Company, Inc. in the first quarter valued at approximately $33,000. Parallel Advisors LLC increased its position in shares of Sturm, Ruger & Company, Inc. by 176.5% during the third quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock valued at $49,000 after acquiring an additional 720 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Sturm, Ruger & Company, Inc. by 259.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock worth $56,000 after acquiring an additional 1,132 shares during the period. Finally, Intesa Sanpaolo Wealth Management purchased a new position in Sturm, Ruger & Company, Inc. in the fourth quarter worth $76,000. 64.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RGR shares. Weiss Ratings upgraded shares of Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Lake Street Capital reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday, May 7th. Zacks Research cut shares of Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen raised shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.00.

Sturm, Ruger & Company, Inc. Stock Performance

RGR stock opened at $38.29 on Thursday. The stock has a fifty day moving average of $38.30 and a 200-day moving average of $39.14. Sturm, Ruger & Company, Inc. has a fifty-two week low of $28.33 and a fifty-two week high of $48.21. The company has a market capitalization of $611.87 million, a price-to-earnings ratio of 51.05 and a beta of 0.19.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.42 by $0.10. Sturm, Ruger & Company, Inc. had a net margin of 2.11% and a return on equity of 6.58%. The business had revenue of $158.06 million for the quarter, compared to the consensus estimate of $128.54 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The company’s revenue was up 19.3% compared to the same quarter last year. Equities analysts predict that Sturm, Ruger & Company, Inc. will post 1.49 EPS for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.21 per share. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. This represents a $0.84 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, August 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 112.00%.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.