Sturm, Ruger & Company, Inc. (NYSE:RGR) Short Interest Update

Sturm, Ruger & Company, Inc. (NYSE:RGR) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 1,008,066 shares, a decrease of 21.1% from the December 15th total of 1,277,059 shares. Currently, 6.6% of the company’s shares are short sold. Based on an average daily trading volume, of 563,432 shares, the short-interest ratio is presently 1.8 days. Based on an average daily trading volume, of 563,432 shares, the short-interest ratio is presently 1.8 days. Currently, 6.6% of the company’s shares are short sold.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG grew its holdings in shares of Sturm, Ruger & Company, Inc. by 31.1% in the third quarter. UBS Group AG now owns 514,510 shares of the company’s stock valued at $22,366,000 after purchasing an additional 122,111 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Sturm, Ruger & Company, Inc. by 6.2% in the third quarter. Wellington Management Group LLP now owns 492,429 shares of the company’s stock worth $21,406,000 after acquiring an additional 28,549 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Sturm, Ruger & Company, Inc. by 27.1% in the second quarter. American Century Companies Inc. now owns 202,284 shares of the company’s stock worth $7,262,000 after acquiring an additional 43,079 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Sturm, Ruger & Company, Inc. by 118.7% during the third quarter. Two Sigma Investments LP now owns 198,936 shares of the company’s stock worth $8,648,000 after acquiring an additional 107,977 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Sturm, Ruger & Company, Inc. by 67.9% in the second quarter. AQR Capital Management LLC now owns 169,287 shares of the company’s stock valued at $6,077,000 after acquiring an additional 68,453 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sturm, Ruger & Company, Inc. currently has an average rating of “Sell”.

Sturm, Ruger & Company, Inc. Stock Performance

RGR stock traded down $0.15 during midday trading on Tuesday, reaching $37.59. The stock had a trading volume of 105,332 shares, compared to its average volume of 230,226. The firm has a fifty day simple moving average of $32.68 and a two-hundred day simple moving average of $36.44. The stock has a market cap of $599.32 million, a PE ratio of 289.15 and a beta of 0.20. Sturm, Ruger & Company, Inc. has a 52-week low of $28.33 and a 52-week high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). Sturm, Ruger & Company, Inc. had a return on equity of 8.76% and a net margin of 0.48%.The company had revenue of $126.77 million during the quarter, compared to analysts’ expectations of $124.22 million. During the same quarter in the previous year, the company earned $0.28 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were given a $0.04 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is 123.08%.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.