Renaissance Technologies LLC Sells 19,100 Shares of Sturm, Ruger & Company, Inc. $RGR

Renaissance Technologies LLC trimmed its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 2.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 710,176 shares of the company’s stock after selling 19,100 shares during the quarter. Renaissance Technologies LLC owned about 4.46% of Sturm, Ruger & Company, Inc. worth $28,471,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. JRM Investment Counsel LLC purchased a new position in Sturm, Ruger & Company, Inc. in the first quarter worth about $15,916,000. Millennium Management LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the fourth quarter valued at approximately $9,486,000. Jane Street Group LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the fourth quarter valued at approximately $8,011,000. UBS Group AG increased its position in shares of Sturm, Ruger & Company, Inc. by 31.1% during the third quarter. UBS Group AG now owns 514,510 shares of the company’s stock valued at $22,366,000 after acquiring an additional 122,111 shares in the last quarter. Finally, HRT Financial LP bought a new stake in shares of Sturm, Ruger & Company, Inc. during the fourth quarter valued at approximately $3,805,000. 64.00% of the stock is currently owned by institutional investors.

Sturm, Ruger & Company, Inc. Stock Performance

RGR opened at $38.30 on Wednesday. The company’s 50-day simple moving average is $38.77 and its two-hundred day simple moving average is $39.07. The stock has a market capitalization of $610.70 million, a P/E ratio of -52.47 and a beta of 0.17. Sturm, Ruger & Company, Inc. has a 52-week low of $28.33 and a 52-week high of $48.21.

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

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 14th were issued a $0.11 dividend. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, May 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is -60.27%.

Insider Buying and Selling

In related news, CEO Todd William Seyfert bought 1,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was acquired at an average price of $39.15 per share, with a total value of $58,725.00. Following the transaction, the chief executive officer owned 1,500 shares in the company, valued at approximately $58,725. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bruce T. Pettet bought 1,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were bought 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. The trade was a 15.14% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 7,500 shares of company stock worth $288,615. 4.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Lake Street Capital restated a “buy” rating and issued a $46.00 price objective on shares of Sturm, Ruger & Company, Inc. in a report on Thursday, May 7th. Zacks Research upgraded Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Wall Street Zen raised Sturm, Ruger & Company, Inc. from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.