Rhumbline Advisers Grows Stake in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Rhumbline Advisers increased its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 15.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,685 shares of the company’s stock after acquiring an additional 6,306 shares during the period. Rhumbline Advisers owned approximately 0.27% of Sturm, Ruger & Company, Inc. worth $1,944,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RGR. CWM LLC grew its position in Sturm, Ruger & Company, Inc. by 187.0% in the first quarter. CWM LLC now owns 1,346 shares of the company’s stock worth $62,000 after acquiring an additional 877 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Sturm, Ruger & Company, Inc. by 28.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,618 shares of the company’s stock worth $74,000 after acquiring an additional 355 shares in the last quarter. Advisory Services Network LLC purchased a new position in Sturm, Ruger & Company, Inc. in the fourth quarter worth about $182,000. EntryPoint Capital LLC purchased a new position in Sturm, Ruger & Company, Inc. in the first quarter worth about $228,000. Finally, Price T Rowe Associates Inc. MD grew its position 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 acquiring an additional 762 shares in the last quarter. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Trading Up 2.2 %

RGR opened at $42.36 on Friday. The firm has a market cap of $713.77 million, a P/E ratio of 18.34 and a beta of 0.17. Sturm, Ruger & Company, Inc. has a 12 month low of $40.21 and a 12 month high of $55.94. The stock has a 50-day moving average of $42.36 and a 200 day moving average of $43.56.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.29). The firm had revenue of $130.76 million during the quarter, compared to the consensus estimate of $137.60 million. Sturm, Ruger & Company, Inc. had a return on equity of 10.00% and a net margin of 6.36%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. On average, research analysts forecast that Sturm, Ruger & Company, Inc. will post 2.19 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.79%. This is a positive change 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 (DPR) is presently 32.90%.

Insider Activity at Sturm, Ruger & Company, Inc.

In related news, VP Sarah F. Colbert sold 2,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $45.14, for a total transaction of $90,280.00. Following the transaction, the vice president now directly owns 32,080 shares of the company’s stock, valued at $1,448,091.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.50% of the stock is currently owned by corporate insiders.

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.