SG Americas Securities LLC Has $2.07 Million Stock Position in Sturm, Ruger & Company, Inc. $RGR

SG Americas Securities LLC boosted its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 45.2% in the 1st quarter, Holdings Channel reports. The firm owned 51,651 shares of the company’s stock after buying an additional 16,089 shares during the period. SG Americas Securities LLC’s holdings in Sturm, Ruger & Company, Inc. were worth $2,071,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Millennium Management LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at $9,486,000. Jane Street Group LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth $8,011,000. UBS Group AG raised its holdings in shares of Sturm, Ruger & Company, Inc. by 31.1% during the 3rd quarter. UBS Group AG now owns 514,510 shares of the company’s stock worth $22,366,000 after buying an additional 122,111 shares in the last quarter. HRT Financial LP bought a new stake in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth $3,805,000. Finally, Two Sigma Investments LP lifted its position in shares of Sturm, Ruger & Company, Inc. by 118.7% during the 3rd quarter. Two Sigma Investments LP now owns 198,936 shares of the company’s stock worth $8,648,000 after buying an additional 107,977 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE:RGR opened at $37.70 on Thursday. Sturm, Ruger & Company, Inc. has a 52-week low of $28.33 and a 52-week high of $48.21. The company has a market capitalization of $600.94 million, a PE ratio of -51.64 and a beta of 0.17. The company has a fifty day moving average of $39.75 and a 200-day moving average of $38.33.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.07). The firm had revenue of $141.36 million for the quarter, compared to analyst estimates 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%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. On average, equities analysts forecast that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, May 14th. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.2%. Sturm, Ruger & Company, Inc.’s payout ratio is -60.27%.

Insider Activity

In other news, CEO Todd William Seyfert acquired 1,500 shares of the stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $39.15 per share, with a total value of $58,725.00. Following the completion of the purchase, the chief executive officer directly owned 1,500 shares of the company’s stock, valued at $58,725. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Phillip Widman acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average price of $38.00 per share, with a total value of $190,000.00. Following the acquisition, the director owned 45,208 shares in the company, valued at $1,717,904. The trade was a 12.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 7,500 shares of company stock valued at $288,615. 4.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RGR has been the topic of a number of recent analyst reports. Zacks Research upgraded Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Lake Street Capital reissued a “buy” rating and issued a $46.00 target price on shares of Sturm, Ruger & Company, Inc. in a report on Thursday, May 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Wednesday, June 24th. One 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.00.

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.