Thrivent Financial for Lutherans Lowers Stake in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Thrivent Financial for Lutherans lessened its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 6.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,445 shares of the company’s stock after selling 930 shares during the quarter. Thrivent Financial for Lutherans owned about 0.09% of Sturm, Ruger & Company, Inc. worth $602,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC boosted its stake in Sturm, Ruger & Company, Inc. by 187.0% in the 1st quarter. CWM LLC now owns 1,346 shares of the company’s stock worth $62,000 after purchasing an additional 877 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of 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 purchasing an additional 355 shares during the last quarter. Palouse Capital Management Inc. bought a new position in shares of Sturm, Ruger & Company, Inc. during the second quarter valued at $77,000. EntryPoint Capital LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the first quarter valued at $228,000. Finally, Intech Investment Management LLC bought a new stake in Sturm, Ruger & Company, Inc. in the 2nd quarter worth about $311,000. Institutional investors own 64.00% of the company’s stock.

Insider Activity at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, VP Sarah F. Colbert sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $45.14, for a total value of $90,280.00. Following the transaction, the vice president now directly owns 32,080 shares of the company’s stock, valued at approximately $1,448,091.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.50% of the stock is owned by company insiders.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE:RGR opened at $41.05 on Wednesday. The firm has a market cap of $714.31 million, a price-to-earnings ratio of 17.77 and a beta of 0.16. The business has a 50-day simple moving average of $41.78 and a two-hundred day simple moving average of $43.28. Sturm, Ruger & Company, Inc. has a fifty-two week low of $40.21 and a fifty-two week high of $55.94.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $130.76 million for the quarter, compared to analysts’ expectations of $137.60 million. During the same period in the previous year, the firm earned $0.91 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, research analysts predict that Sturm, Ruger & Company, Inc. will post 2.19 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.85%. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.16. Sturm, Ruger & Company, Inc.’s payout ratio is presently 32.90%.

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.