SG Americas Securities LLC Has $2.07 Million Stock Holdings in Sturm, Ruger & Company, Inc. $RGR

SG Americas Securities LLC increased its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 45.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 51,651 shares of the company’s stock after buying an additional 16,089 shares during the period. SG Americas Securities LLC owned 0.32% of Sturm, Ruger & Company, Inc. worth $2,071,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of RGR. Millennium Management LLC bought a new position in Sturm, Ruger & Company, Inc. in the 4th quarter valued at about $9,486,000. Jane Street Group LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. during the fourth quarter worth approximately $8,011,000. UBS Group AG grew its position in shares of Sturm, Ruger & Company, Inc. by 31.1% in the third quarter. UBS Group AG now owns 514,510 shares of the company’s stock valued at $22,366,000 after purchasing an additional 122,111 shares during the last quarter. HRT Financial LP acquired a new position in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at approximately $3,805,000. Finally, Two Sigma Investments LP increased its stake in shares of Sturm, Ruger & Company, Inc. by 118.7% during the third quarter. Two Sigma Investments LP now owns 198,936 shares of the company’s stock worth $8,648,000 after purchasing an additional 107,977 shares during the period. Institutional investors and hedge funds own 64.00% of the company’s stock.

Insider Activity

In related news, Director Phillip Widman bought 5,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Tuesday, May 12th. The shares were bought at an average cost of $38.00 per share, with a total value of $190,000.00. Following the acquisition, the director owned 45,208 shares in the company, valued at $1,717,904. This trade represents a 12.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bruce T. Pettet purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of $39.89 per share, for a total transaction of $39,890.00. Following the transaction, the director directly owned 7,606 shares of the company’s stock, valued at $303,403.34. This trade represents a 15.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 7,500 shares of company stock worth $288,615. 4.60% of the stock is currently owned by company insiders.

Sturm, Ruger & Company, Inc. Stock Down 0.4%

Shares of NYSE:RGR opened at $37.70 on Thursday. The company’s 50 day moving average price is $39.75 and its two-hundred day moving average price is $38.33. Sturm, Ruger & Company, Inc. has a 12-month low of $28.33 and a 12-month high of $48.21. The firm has a market cap of $600.94 million, a PE ratio of -51.64 and a beta of 0.17.

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

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.44 annualized dividend and a yield of 1.2%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. Sturm, Ruger & Company, Inc.’s payout ratio is presently -60.27%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on RGR shares. Zacks Research raised Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Lake Street Capital reiterated a “buy” rating and set a $46.00 price objective on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $46.00.

Sturm, Ruger & Company, Inc. Company 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.