Proficio Capital Partners LLC Makes New Investment in Sturm, Ruger & Company, Inc. $RGR

Proficio Capital Partners LLC bought a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 25,616 shares of the company’s stock, valued at approximately $970,000. Proficio Capital Partners LLC owned 0.16% of Sturm, Ruger & Company, Inc. at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC lifted its position in Sturm, Ruger & Company, Inc. by 239.4% in the first quarter. AQR Capital Management LLC now owns 100,834 shares of the company’s stock worth $3,962,000 after purchasing an additional 71,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Sturm, Ruger & Company, Inc. by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company’s stock valued at $384,000 after purchasing an additional 390 shares during the period. JPMorgan Chase & Co. lifted its stake in Sturm, Ruger & Company, Inc. by 21.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 83,236 shares of the company’s stock worth $2,988,000 after acquiring an additional 14,687 shares in the last quarter. Invesco Ltd. increased its stake in Sturm, Ruger & Company, Inc. by 3.7% in the 2nd quarter. Invesco Ltd. now owns 160,619 shares of the company’s stock valued at $5,766,000 after buying an additional 5,747 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of 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 in the last quarter. 64.00% of the stock is currently owned by institutional investors and hedge funds.

Sturm, Ruger & Company, Inc. Trading Down 0.3%

Shares of RGR opened at $38.29 on Thursday. Sturm, Ruger & Company, Inc. has a 12 month low of $28.33 and a 12 month high of $48.21. The stock has a market capitalization of $611.87 million, a price-to-earnings ratio of 51.05 and a beta of 0.19. The firm has a fifty day simple moving average of $38.30 and a 200 day simple moving average of $39.14.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $158.06 million for the quarter, compared to analysts’ expectations of $128.54 million. During the same period in the prior year, the firm earned $0.41 EPS. Sturm, Ruger & Company, Inc.’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, research analysts predict that Sturm, Ruger & Company, Inc. will post 1.49 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.2%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, August 14th. Sturm, Ruger & Company, Inc.’s payout ratio is presently 112.00%.

Wall Street Analyst Weigh In

RGR has been the topic of a number of recent analyst reports. Lake Street Capital reissued a “buy” rating and issued a $46.00 price objective on shares of Sturm, Ruger & Company, Inc. in a research note on Thursday, May 7th. Zacks Research downgraded Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen raised shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Sturm, Ruger & Company, Inc. has a consensus rating of “Hold” and a consensus price target of $46.00.

Sturm, Ruger & Company, Inc. 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.