Cubist Systematic Strategies LLC Sells 12,397 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Cubist Systematic Strategies LLC trimmed its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 28.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,494 shares of the company’s stock after selling 12,397 shares during the period. Cubist Systematic Strategies LLC’s holdings in Sturm, Ruger & Company, Inc. were worth $1,114,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RGR. JPMorgan Chase & Co. increased its holdings in Sturm, Ruger & Company, Inc. by 11.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 60,859 shares of the company’s stock valued at $2,537,000 after purchasing an additional 6,483 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Sturm, Ruger & Company, Inc. by 5.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 51,473 shares of the company’s stock valued at $1,821,000 after purchasing an additional 2,733 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Sturm, Ruger & Company, Inc. by 323,785.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company’s stock valued at $802,000 after purchasing an additional 22,665 shares in the last quarter. Rhumbline Advisers increased its holdings in Sturm, Ruger & Company, Inc. by 4.5% during the 4th quarter. Rhumbline Advisers now owns 44,956 shares of the company’s stock valued at $1,590,000 after purchasing an additional 1,918 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Sturm, Ruger & Company, Inc. by 2.4% during the 4th quarter. Principal Financial Group Inc. now owns 81,537 shares of the company’s stock valued at $2,884,000 after purchasing an additional 1,937 shares in the last quarter. 64.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Phillip Widman bought 4,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $33.58 per share, with a total value of $134,320.00. Following the purchase, the director now owns 31,757 shares of the company’s stock, valued at approximately $1,066,400.06. This represents a 14.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Timothy Lowney bought 2,200 shares of the stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average cost of $33.37 per share, with a total value of $73,414.00. Following the completion of the purchase, the vice president now directly owns 8,874 shares in the company, valued at approximately $296,125.38. This trade represents a 32.96% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.

Sturm, Ruger & Company, Inc. Price Performance

RGR stock opened at $36.94 on Wednesday. The business has a fifty day moving average price of $38.55 and a 200 day moving average price of $37.67. The stock has a market capitalization of $611.54 million, a price-to-earnings ratio of 20.87 and a beta of 0.20. Sturm, Ruger & Company, Inc. has a fifty-two week low of $32.74 and a fifty-two week high of $46.40.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its earnings results on Wednesday, April 30th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.19). The firm had revenue of $135.74 million during the quarter, compared to analyst estimates of $148.05 million. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $0.40 earnings per share. On average, equities analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.95%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 39.34%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Sturm, Ruger & Company, Inc. from a “strong-buy” rating to a “buy” rating in a report on Monday, May 5th.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.