Timothy Lowney Acquires 2,200 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) VP Timothy Lowney acquired 2,200 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $33.37 per share, with a total value of $73,414.00. Following the completion of the transaction, the vice president now directly owns 8,874 shares of the company’s stock, valued at $296,125.38. This trade represents a 32.96 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Sturm, Ruger & Company, Inc. Price Performance

NYSE RGR opened at $35.03 on Friday. The stock’s 50 day simple moving average is $38.67 and its 200-day simple moving average is $37.74. The company has a market cap of $579.92 million, a PE ratio of 19.79 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.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data 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 firm had revenue of $135.74 million during the quarter, compared to analysts’ expectations of $148.05 million. During the same quarter in the previous year, the business posted $0.40 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities research analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, May 16th. This represents a $0.72 annualized dividend and a yield of 2.06%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 39.34%.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Sturm, Ruger & Company, Inc. from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th.

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.