Y Intercept Hong Kong Ltd Reduces Stock Position in Sturm, Ruger & Company, Inc. $RGR

Y Intercept Hong Kong Ltd reduced its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 62.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 36,854 shares of the company’s stock after selling 60,841 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Sturm, Ruger & Company, Inc. were worth $1,477,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of RGR. Kestra Advisory Services LLC purchased a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the 4th quarter worth approximately $29,000. GAMMA Investing LLC increased its position in Sturm, Ruger & Company, Inc. by 158.2% during the 4th quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock valued at $40,000 after buying an additional 745 shares in the last quarter. Parallel Advisors LLC increased its position in Sturm, Ruger & Company, Inc. by 176.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock valued at $49,000 after buying an additional 720 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in 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. Institutional investors own 64.00% of the company’s stock.

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

RGR stock traded up $0.07 on Friday, hitting $38.62. The company had a trading volume of 67,542 shares, compared to its average volume of 139,215. Sturm, Ruger & Company, Inc. has a 12-month low of $28.33 and a 12-month high of $48.21. The stock has a market cap of $615.68 million, a price-to-earnings ratio of -52.91 and a beta of 0.17. The stock’s 50-day simple moving average is $39.13 and its 200 day simple moving average is $38.59.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, May 6th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.07). The company had revenue of $141.36 million for the quarter, compared to analysts’ expectations of $137.26 million. Sturm, Ruger & Company, Inc. had a negative net margin of 2.18% and a positive return on equity of 5.96%. Sturm, Ruger & Company, Inc.’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Research analysts forecast that Sturm, Ruger & Company, Inc. will post 1.98 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, May 29th. Investors of record on Thursday, May 14th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.1%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, May 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently -60.27%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RGR shares. Zacks Research upgraded Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Lake Street Capital reaffirmed a “buy” rating and set a $46.00 price target on shares of Sturm, Ruger & Company, Inc. in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.00.

Insider Activity at Sturm, Ruger & Company, Inc.

In other news, CEO Todd William Seyfert bought 1,500 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of $39.15 per share, with a total value of $58,725.00. Following the completion of the transaction, the chief executive officer owned 1,500 shares of the company’s stock, valued at approximately $58,725. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bruce T. Pettet purchased 1,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $39.89 per share, with a total value of $39,890.00. Following the completion of the purchase, the director owned 7,606 shares in the company, valued at approximately $303,403.34. This trade represents a 15.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 7,500 shares of company stock worth $288,615. 4.60% of the stock is owned by insiders.

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.