Gabelli Funds LLC Invests $1.10 Million in Sturm, Ruger & Company, Inc. $RGR

Gabelli Funds LLC bought a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,531 shares of the company’s stock, valued at approximately $1,095,000.

Several other hedge funds have also made changes to their positions in RGR. AQR Capital Management LLC boosted its stake in shares of Sturm, Ruger & Company, Inc. by 239.4% during the first quarter. AQR Capital Management LLC now owns 100,834 shares of the company’s stock worth $3,962,000 after buying an additional 71,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $384,000 after buying an additional 390 shares during the period. JPMorgan Chase & Co. lifted its position in Sturm, Ruger & Company, Inc. by 21.4% in the second quarter. JPMorgan Chase & Co. now owns 83,236 shares of the company’s stock valued at $2,988,000 after purchasing an additional 14,687 shares during the period. Invesco Ltd. lifted its position in Sturm, Ruger & Company, Inc. by 3.7% in the second quarter. Invesco Ltd. now owns 160,619 shares of the company’s stock valued at $5,766,000 after purchasing an additional 5,747 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position 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 valued at $56,000 after purchasing an additional 1,132 shares during the period. Institutional investors and hedge funds own 64.00% of the company’s stock.

Insider Activity

In related news, CEO Todd William Seyfert purchased 1,500 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $39.15 per share, for a total transaction of $58,725.00. Following the transaction, the chief executive officer owned 1,500 shares in the company, valued at approximately $58,725. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Phillip Widman purchased 5,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Tuesday, May 12th. The shares were bought at an average price of $38.00 per share, with a total value of $190,000.00. Following the completion of the transaction, the director owned 45,208 shares in the company, valued at approximately $1,717,904. This trade represents a 12.44% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 7,500 shares of company stock worth $288,615. Company insiders own 4.60% of the company’s stock.

Sturm, Ruger & Company, Inc. Trading Up 1.8%

RGR stock opened at $40.05 on Friday. The firm has a 50 day moving average of $40.67 and a 200-day moving average of $37.01. Sturm, Ruger & Company, Inc. has a 12-month low of $28.33 and a 12-month high of $48.21. The company has a market cap of $638.37 million, a price-to-earnings ratio of -54.86 and a beta of 0.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.07). Sturm, Ruger & Company, Inc. had a negative net margin of 2.18% and a positive return on equity of 5.96%. The company had revenue of $141.36 million for the quarter, compared to analyst estimates of $137.26 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. Sturm, Ruger & Company, Inc.’s revenue was up 4.1% on a year-over-year basis. Sell-side analysts forecast that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, May 14th. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. Sturm, Ruger & Company, Inc.’s payout ratio is -60.27%.

Analyst Ratings Changes

A number of brokerages recently commented on RGR. Lake Street Capital restated a “buy” rating and issued a $46.00 price objective on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday, May 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Friday, March 27th. Finally, Zacks Research upgraded shares of Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $46.00.

About Sturm, Ruger & Company, Inc.

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.