Landscape Capital Management L.L.C. Buys Shares of 27,958 Sturm, Ruger & Company, Inc. $RGR

Landscape Capital Management L.L.C. acquired a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 27,958 shares of the company’s stock, valued at approximately $1,058,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RGR. The Manufacturers Life Insurance Company grew its position in Sturm, Ruger & Company, Inc. by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,002 shares of the company’s stock worth $215,000 after purchasing an additional 299 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Sturm, Ruger & Company, Inc. by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company’s stock valued at $384,000 after buying an additional 390 shares during the last quarter. Nebula Research & Development LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 2.6% during the second quarter. Nebula Research & Development LLC now owns 15,405 shares of the company’s stock worth $553,000 after buying an additional 391 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Sturm, Ruger & Company, Inc. by 4.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,625 shares of the company’s stock worth $347,000 after buying an additional 432 shares during the period. Finally, Brevan Howard Capital Management LP boosted its position in shares of Sturm, Ruger & Company, Inc. by 8.4% during the second quarter. Brevan Howard Capital Management LP now owns 8,028 shares of the company’s stock worth $288,000 after buying an additional 620 shares during the period. 64.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RGR has been the topic of several analyst reports. Wall Street Zen upgraded Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Weiss Ratings raised shares of Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Zacks Research cut shares of Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $46.00 price target on shares of Sturm, Ruger & Company, Inc. in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.00.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE:RGR opened at $39.06 on Monday. The stock has a market capitalization of $624.18 million, a price-to-earnings ratio of 52.08 and a beta of 0.19. Sturm, Ruger & Company, Inc. has a 1-year low of $28.33 and a 1-year high of $48.21. The company has a 50 day moving average price of $38.28 and a 200 day moving average price of $39.13.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.10. Sturm, Ruger & Company, Inc. had a return on equity of 6.58% and a net margin of 2.11%.The company had revenue of $158.06 million for the quarter, compared to analysts’ expectations of $128.54 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The firm’s revenue was up 19.3% on a year-over-year basis. On average, sell-side analysts expect that Sturm, Ruger & Company, Inc. will post 1.49 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, August 14th. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s payout ratio is presently 112.00%.

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.