Aster Capital Management DIFC Ltd Acquires Shares of 15,330 Sturm, Ruger & Company, Inc. $RGR

Aster Capital Management DIFC Ltd bought a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,330 shares of the company’s stock, valued at approximately $501,000. Aster Capital Management DIFC Ltd owned about 0.10% of Sturm, Ruger & Company, Inc. as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Group AG raised 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 worth $22,366,000 after acquiring an additional 122,111 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Sturm, Ruger & Company, Inc. by 6.2% during the third quarter. Wellington Management Group LLP now owns 492,429 shares of the company’s stock worth $21,406,000 after acquiring an additional 28,549 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Sturm, Ruger & Company, Inc. by 20.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 377,666 shares of the company’s stock worth $12,331,000 after acquiring an additional 64,190 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sturm, Ruger & Company, Inc. by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 370,339 shares of the company’s stock worth $12,091,000 after acquiring an additional 25,565 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. during the fourth quarter worth $8,011,000. Institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Trading Down 2.7%

NYSE RGR opened at $38.42 on Tuesday. The stock has a 50-day simple moving average of $40.37 and a 200 day simple moving average of $37.72. The company has a market capitalization of $612.41 million, a PE ratio of -52.63 and a beta of 0.18. 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 posted its 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 business had revenue of $141.36 million during the quarter, compared to analyst estimates of $137.26 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. As a group, sell-side analysts predict that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were paid a $0.11 dividend. 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 yield of 1.1%. Sturm, Ruger & Company, Inc.’s payout ratio is presently -60.27%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RGR. Weiss Ratings restated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Friday, March 27th. Zacks Research upgraded Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $46.00 price objective on shares of Sturm, Ruger & Company, Inc. in a report on Thursday, May 7th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.00.

Insider Buying and Selling at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, CEO Todd William Seyfert bought 1,500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of $39.15 per share, with a total value of $58,725.00. Following the completion of the purchase, 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 at the SEC website. Also, Director Phillip Widman bought 5,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average cost of $38.00 per share, with a total value of $190,000.00. Following the completion of the purchase, the director owned 45,208 shares of the company’s stock, 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. Over the last ninety days, insiders acquired 7,500 shares of company stock valued at $288,615. Company insiders own 4.60% of the company’s stock.

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.