Point72 DIFC Ltd Sells 280 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Point72 DIFC Ltd decreased its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,319 shares of the company’s stock after selling 280 shares during the quarter. Point72 DIFC Ltd’s holdings in Sturm, Ruger & Company, Inc. were worth $97,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its stake in Sturm, Ruger & Company, Inc. by 1,888.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 167,939 shares of the company’s stock valued at $7,750,000 after buying an additional 159,492 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 2,119,506 shares of the company’s stock worth $97,815,000 after acquiring an additional 86,532 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Sturm, Ruger & Company, Inc. by 112.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 142,729 shares of the company’s stock valued at $5,945,000 after purchasing an additional 75,625 shares in the last quarter. Impala Asset Management LLC purchased a new position in Sturm, Ruger & Company, Inc. in the 2nd quarter worth $2,228,000. Finally, Deprince Race & Zollo Inc. bought a new stake in shares of Sturm, Ruger & Company, Inc. in the 2nd quarter valued at about $1,984,000. 64.00% of the stock is owned by institutional investors.

Insider Activity at Sturm, Ruger & Company, Inc.

In other 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 value of $90,280.00. Following the completion of the sale, the vice president now directly owns 32,080 shares in the company, valued at $1,448,091.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

Sturm, Ruger & Company, Inc. Trading Down 0.2 %

RGR stock opened at $41.58 on Wednesday. The stock has a market capitalization of $700.62 million, a price-to-earnings ratio of 18.00 and a beta of 0.17. The firm’s 50-day moving average price is $42.09 and its two-hundred day moving average price is $43.41. Sturm, Ruger & Company, Inc. has a 12-month low of $40.21 and a 12-month high of $55.94.

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

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.83%. 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%.

Sturm, Ruger & Company, Inc. 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.