Wellington Management Group LLP Increases Stock Holdings in Sturm, Ruger & Company, Inc. $RGR

Wellington Management Group LLP grew its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 15.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 548,286 shares of the company’s stock after purchasing an additional 71,423 shares during the period. Wellington Management Group LLP owned approximately 3.43% of Sturm, Ruger & Company, Inc. worth $20,753,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RGR. Kestra Advisory Services LLC purchased a new position in Sturm, Ruger & Company, Inc. in the 4th quarter valued at $25,000. Group One Trading LLC acquired a new position in Sturm, Ruger & Company, Inc. in the 1st quarter valued at $33,000. Public Employees Retirement System of Ohio purchased a new position in Sturm, Ruger & Company, Inc. during the 2nd quarter worth $39,000. Parallel Advisors LLC raised 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 worth $49,000 after buying an additional 720 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 259.6% in the 2nd 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 during the period. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Analysts Set New Price Targets

RGR has been the topic of several analyst reports. 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. Wall Street Zen upgraded shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Zacks Research lowered Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $46.00.

Sturm, Ruger & Company, Inc. Stock Performance

NYSE:RGR opened at $38.60 on Monday. Sturm, Ruger & Company, Inc. has a 1 year low of $28.33 and a 1 year high of $48.21. The stock has a fifty day moving average price of $38.05 and a two-hundred day moving average price of $39.14. The stock has a market capitalization of $616.83 million, a price-to-earnings ratio of 51.47 and a beta of 0.19.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. Sturm, Ruger & Company, Inc. had a net margin of 2.11% and a return on equity of 6.58%. The company had revenue of $158.06 million for the quarter, compared to analyst estimates of $128.54 million. During the same period in the previous year, the firm earned $0.41 EPS. The business’s revenue was up 19.3% on a year-over-year basis. On average, analysts predict that Sturm, Ruger & Company, Inc. will post 1.49 EPS for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.21 per share. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. This represents a $0.84 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, August 14th. 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.