O Brien Greene & Co. Inc Acquires New Position in Sturm, Ruger & Company, Inc. $RGR

O Brien Greene & Co. Inc acquired a new stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 14,000 shares of the company’s stock, valued at approximately $457,000. O Brien Greene & Co. Inc owned approximately 0.09% of Sturm, Ruger & Company, Inc. at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RGR. AQR Capital Management LLC grew its stake in Sturm, Ruger & Company, Inc. by 239.4% during the 1st quarter. AQR Capital Management LLC now owns 100,834 shares of the company’s stock valued at $3,962,000 after acquiring an additional 71,128 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Sturm, Ruger & Company, Inc. by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company’s stock valued at $384,000 after acquiring an additional 390 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Sturm, Ruger & Company, Inc. by 21.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 83,236 shares of the company’s stock valued at $2,988,000 after acquiring an additional 14,687 shares in the last quarter. Invesco Ltd. grew its stake in Sturm, Ruger & Company, Inc. by 3.7% during the 2nd quarter. Invesco Ltd. now owns 160,619 shares of the company’s stock valued at $5,766,000 after acquiring an additional 5,747 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Sturm, Ruger & Company, Inc. by 259.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock valued at $56,000 after acquiring an additional 1,132 shares in the last quarter. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Price Performance

Shares of RGR opened at $39.50 on Friday. Sturm, Ruger & Company, Inc. has a 1-year low of $28.33 and a 1-year high of $48.21. The stock has a market cap of $629.55 million, a PE ratio of -54.10 and a beta of 0.21. The firm has a fifty day moving average price of $40.52 and a 200 day moving average price of $37.18.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced 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). Sturm, Ruger & Company, Inc. had a negative net margin of 2.18% and a positive return on equity of 5.96%. The company had revenue of $141.36 million during the quarter, compared to analysts’ expectations of $137.26 million. During the same period last year, the firm earned $0.46 earnings per share. Sturm, Ruger & Company, Inc.’s revenue was up 4.1% on a year-over-year basis. As a group, equities analysts expect 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 declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 14th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.1%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, May 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently -60.27%.

Analysts Set New Price Targets

Several brokerages recently issued reports on RGR. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Friday, March 27th. Lake Street Capital reaffirmed a “buy” rating and set a $46.00 price objective on shares of Sturm, Ruger & Company, Inc. in a research note on Thursday, May 7th. Finally, Zacks Research raised shares of Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.00.

Insiders Place Their Bets

In other Sturm, Ruger & Company, Inc. news, Director Phillip Widman acquired 5,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of $38.00 per share, for a total transaction of $190,000.00. Following the completion of the purchase, 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce T. Pettet acquired 1,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $39.89 per share, for a total transaction of $39,890.00. Following the completion of the purchase, the director 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. Insiders own 4.60% of the company’s stock.

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.