Proficio Capital Partners LLC Makes New Investment in Sturm, Ruger & Company, Inc. $RGR

Proficio Capital Partners LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 25,616 shares of the company’s stock, valued at approximately $970,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RGR. Bank of America Corp DE bought a new stake in shares of Sturm, Ruger & Company, Inc. in the second quarter valued at $814,000. Jupiter Topco LLC bought a new stake in Sturm, Ruger & Company, Inc. during the second quarter valued at $293,000. Legal & General Group Plc purchased a new stake in Sturm, Ruger & Company, Inc. in the second quarter valued at approximately $459,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Sturm, Ruger & Company, Inc. in the second quarter worth $436,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter valued at about $1,058,000. 64.00% of the stock is owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Trading Down 0.3%

RGR stock opened at $38.29 on Thursday. The stock has a market cap of $611.87 million, a PE ratio of 51.05 and a beta of 0.19. The company has a 50-day moving average price of $38.30 and a 200 day moving average price of $39.14. Sturm, Ruger & Company, Inc. has a 12 month low of $28.33 and a 12 month high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. The company had revenue of $158.06 million during the quarter, compared to analyst estimates of $128.54 million. Sturm, Ruger & Company, Inc. had a net margin of 2.11% and a return on equity of 6.58%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. Sell-side analysts forecast 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 will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, August 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 112.00%.

Analyst Ratings Changes

RGR has been the subject 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 research 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 report on Saturday, August 1st. Lake Street Capital reiterated 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, Zacks Research lowered Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company 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.