Wellington Management Group LLP Boosts Position in Sturm, Ruger & Company, Inc. $RGR

Wellington Management Group LLP raised its position in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 15.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 548,286 shares of the company’s stock after purchasing an additional 71,423 shares during the period. Wellington Management Group LLP’s holdings in Sturm, Ruger & Company, Inc. were worth $20,753,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter worth $39,000. Parvin Asset Management LLC purchased a new position in Sturm, Ruger & Company, Inc. during the 2nd quarter valued at about $1,368,000. Proficio Capital Partners LLC purchased a new position in Sturm, Ruger & Company, Inc. during the 2nd quarter valued at about $970,000. Bank of America Corp DE acquired a new position in Sturm, Ruger & Company, Inc. during the second quarter worth about $814,000. Finally, Jupiter Topco LLC acquired a new position in Sturm, Ruger & Company, Inc. during the second quarter worth about $293,000. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Weiss Ratings upgraded shares of Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Zacks Research downgraded Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. One 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.00.

Sturm, Ruger & Company, Inc. Trading Up 0.3%

NYSE:RGR opened at $38.60 on Monday. 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 $616.83 million, a price-to-earnings ratio of 51.47 and a beta of 0.19. The company’s 50-day moving average is $38.05 and its two-hundred day moving average is $39.14.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $158.06 million during the quarter, compared to the consensus estimate of $128.54 million. Sturm, Ruger & Company, Inc. had a net margin of 2.11% and a return on equity of 6.58%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. On average, equities research analysts forecast that Sturm, Ruger & Company, Inc. will post 1.49 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, August 14th. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 112.00%.

Sturm, Ruger & Company, Inc. 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.