Wellington Management Group LLP Raises Stock Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Wellington Management Group LLP lifted its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,211 shares of the company’s stock after purchasing an additional 16,553 shares during the period. Wellington Management Group LLP owned 0.68% of Sturm, Ruger & Company, Inc. worth $5,418,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter worth about $182,000. Graham Capital Management L.P. bought a new stake in shares of Sturm, Ruger & Company, Inc. during the third quarter valued at approximately $310,000. Louisiana State Employees Retirement System bought a new stake in shares of Sturm, Ruger & Company, Inc. during the fourth quarter valued at approximately $405,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Sturm, Ruger & Company, Inc. by 4.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,234 shares of the company’s stock worth $511,000 after purchasing an additional 482 shares during the period. Finally, Deutsche Bank AG raised its holdings in Sturm, Ruger & Company, Inc. by 13.6% in the third quarter. Deutsche Bank AG now owns 10,678 shares of the company’s stock worth $557,000 after purchasing an additional 1,279 shares in the last quarter. Institutional investors own 64.00% of the company’s stock.

Analyst Ratings Changes

Separately, Lake Street Capital upgraded shares of Sturm, Ruger & Company, Inc. to a “strong-buy” rating in a report on Wednesday, May 8th.

Insider Transactions at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, Director Amir Rosenthal sold 1,750 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $43.00, for a total transaction of $75,250.00. Following the sale, the director now directly owns 17,554 shares in the company, valued at approximately $754,822. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Christopher John Killoy sold 554 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $47.00, for a total transaction of $26,038.00. Following the transaction, the chief executive officer now owns 49,145 shares in the company, valued at $2,309,815. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Amir Rosenthal sold 1,750 shares of Sturm, Ruger & Company, Inc. stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $43.00, for a total transaction of $75,250.00. Following the completion of the sale, the director now directly owns 17,554 shares of the company’s stock, valued at approximately $754,822. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,474 shares of company stock worth $250,278. Corporate insiders own 3.50% of the company’s stock.

Sturm, Ruger & Company, Inc. Stock Down 0.5 %

Shares of RGR opened at $41.65 on Friday. The stock has a market cap of $724.75 million, a P/E ratio of 18.03 and a beta of 0.26. The business’s 50 day moving average price is $43.72 and its 200-day moving average price is $44.34. Sturm, Ruger & Company, Inc. has a 52 week low of $40.67 and a 52 week high of $56.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its earnings results on Tuesday, May 7th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.44). Sturm, Ruger & Company, Inc. had a return on equity of 12.30% and a net margin of 7.71%. The company had revenue of $136.80 million during the quarter, compared to the consensus estimate of $153.40 million. During the same period last year, the firm posted $0.81 earnings per share. The company’s revenue was down 8.5% compared to the same quarter last year. On average, equities analysts anticipate that Sturm, Ruger & Company, Inc. will post 3.87 EPS for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, May 20th were issued a $0.16 dividend. The ex-dividend date was Friday, May 17th. This represents a $0.64 annualized dividend and a yield of 1.54%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is presently 27.71%.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.