Renaissance Technologies LLC Reduces Stock Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Renaissance Technologies LLC trimmed its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 6.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 843,776 shares of the company’s stock after selling 58,200 shares during the period. Renaissance Technologies LLC owned about 5.01% of Sturm, Ruger & Company, Inc. worth $35,143,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RGR. CWM LLC raised its holdings in Sturm, Ruger & Company, Inc. by 187.0% in the first quarter. CWM LLC now owns 1,346 shares of the company’s stock valued at $62,000 after acquiring an additional 877 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Sturm, Ruger & Company, Inc. by 28.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,618 shares of the company’s stock worth $74,000 after purchasing an additional 355 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at about $182,000. EntryPoint Capital LLC bought a new position in shares of Sturm, Ruger & Company, Inc. during the first quarter worth about $228,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Sturm, Ruger & Company, Inc. by 12.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,912 shares of the company’s stock worth $319,000 after purchasing an additional 762 shares in the last quarter. 64.00% of the stock is currently owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Stock Up 0.1 %

Shares of Sturm, Ruger & Company, Inc. stock opened at $41.46 on Thursday. The business has a 50-day moving average price of $42.35 and a 200 day moving average price of $43.57. Sturm, Ruger & Company, Inc. has a fifty-two week low of $40.21 and a fifty-two week high of $55.94. The firm has a market cap of $721.45 million, a P/E ratio of 17.95 and a beta of 0.17.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29). Sturm, Ruger & Company, Inc. had a net margin of 6.36% and a return on equity of 10.00%. The firm had revenue of $130.76 million during the quarter, compared to the consensus estimate of $137.60 million. During the same quarter last year, the firm posted $0.91 earnings per share. Sturm, Ruger & Company, Inc.’s revenue was down 8.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.19 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.83%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, August 15th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 32.90%.

Insiders Place Their Bets

In other news, VP Sarah F. Colbert sold 2,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $45.14, for a total value of $90,280.00. Following the completion of the transaction, the vice president now directly owns 32,080 shares of the company’s stock, valued at approximately $1,448,091.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is owned by corporate insiders.

About Sturm, Ruger & Company, Inc.

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.