JRM Investment Counsel LLC Makes New $15.92 Million Investment in Sturm, Ruger & Company, Inc. $RGR

JRM Investment Counsel LLC bought a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 397,000 shares of the company’s stock, valued at approximately $15,916,000. Sturm, Ruger & Company, Inc. comprises approximately 4.2% of JRM Investment Counsel LLC’s investment portfolio, making the stock its 10th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Sturm, Ruger & Company, Inc. by 103.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 87,829 shares of the company’s stock worth $3,521,000 after acquiring an additional 44,603 shares in the last quarter. Group One Trading LLC bought a new position in shares of Sturm, Ruger & Company, Inc. during the 1st quarter valued at about $33,000. State of Wyoming bought a new position in shares of Sturm, Ruger & Company, Inc. during the 1st quarter valued at about $150,000. Meeder Asset Management Inc. grew its position in shares of Sturm, Ruger & Company, Inc. by 32.4% in the 1st quarter. Meeder Asset Management Inc. now owns 5,956 shares of the company’s stock valued at $239,000 after purchasing an additional 1,456 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Sturm, Ruger & Company, Inc. by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 397,446 shares of the company’s stock valued at $15,933,000 after purchasing an additional 27,107 shares during the period. 64.00% of the stock is owned by institutional investors and hedge funds.

Sturm, Ruger & Company, Inc. Price Performance

Shares of Sturm, Ruger & Company, Inc. stock opened at $38.05 on Friday. The firm has a market cap of $606.45 million, a price-to-earnings ratio of -52.12 and a beta of 0.17. The stock’s 50-day moving average is $38.84 and its 200-day moving average is $38.99. Sturm, Ruger & Company, Inc. has a one year low of $28.33 and a one year high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings data 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 positive return on equity of 5.96% and a negative net margin of 2.18%.The firm had revenue of $141.36 million for the quarter, compared to the consensus estimate of $137.26 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities analysts expect that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 14th were given a dividend of $0.11 per share. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.2%. Sturm, Ruger & Company, Inc.’s payout ratio is currently -60.27%.

Insiders Place Their Bets

In other Sturm, Ruger & Company, Inc. news, CEO Todd William Seyfert acquired 1,500 shares of the stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of $39.15 per share, for a total transaction of $58,725.00. Following the completion of the acquisition, the chief executive officer directly owned 1,500 shares of the company’s stock, valued at approximately $58,725. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Phillip Widman acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of $38.00 per share, for a total transaction of $190,000.00. Following the transaction, the director owned 45,208 shares of the company’s stock, valued at $1,717,904. This represents a 12.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 7,500 shares of company stock valued at $288,615 in the last quarter. 4.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on RGR. Weiss Ratings restated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of Sturm, Ruger & Company, Inc. from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Zacks Research upgraded shares of Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Lake Street Capital reissued 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. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.