SummerHaven Investment Management LLC Purchases New Shares in Sturm, Ruger & Company, Inc. $RGR

SummerHaven Investment Management LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,674 shares of the company’s stock, valued at approximately $1,029,000.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of Sturm, Ruger & Company, Inc. by 259.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock worth $56,000 after acquiring an additional 1,132 shares in the last quarter. IFP Advisors Inc grew its position in Sturm, Ruger & Company, Inc. by 28.8% during the 2nd quarter. IFP Advisors Inc now owns 1,799 shares of the company’s stock worth $65,000 after purchasing an additional 402 shares in the last quarter. Eastern Bank purchased a new position in Sturm, Ruger & Company, Inc. during the 3rd quarter worth approximately $70,000. Tower Research Capital LLC TRC raised its stake in Sturm, Ruger & Company, Inc. by 291.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,031 shares of the company’s stock valued at $109,000 after purchasing an additional 2,257 shares during the period. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the second quarter valued at $204,000. 64.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Sturm, Ruger & Company, Inc. Trading Up 0.3%

NYSE RGR opened at $38.01 on Wednesday. Sturm, Ruger & Company, Inc. has a 1-year low of $28.33 and a 1-year high of $48.21. The firm’s fifty day simple moving average is $33.48 and its 200-day simple moving average is $36.51. The company has a market capitalization of $605.88 million, a PE ratio of 292.38 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $126.77 million during the quarter, compared to analyst estimates of $124.22 million. During the same period in the previous year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

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

Sturm, Ruger & Company, Inc. 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.