Deprince Race & Zollo Inc. Buys New Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Deprince Race & Zollo Inc. bought a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 47,637 shares of the company’s stock, valued at approximately $1,984,000. Deprince Race & Zollo Inc. owned 0.27% of Sturm, Ruger & Company, Inc. at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of RGR. CWM LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 187.0% during the 1st quarter. CWM LLC now owns 1,346 shares of the company’s stock worth $62,000 after acquiring an additional 877 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Sturm, Ruger & Company, Inc. by 28.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,618 shares of the company’s stock worth $74,000 after buying an additional 355 shares in the last quarter. Palouse Capital Management Inc. acquired a new position in Sturm, Ruger & Company, Inc. during the second quarter worth $77,000. Advisory Services Network LLC bought a new position in shares of Sturm, Ruger & Company, Inc. during the fourth quarter valued at $182,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 1st quarter valued at $228,000. Institutional investors and hedge funds own 64.00% of the company’s stock.

Insider Transactions at Sturm, Ruger & Company, Inc.

In related news, VP Sarah F. Colbert sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $45.14, for a total transaction of $90,280.00. Following the transaction, the vice president now owns 32,080 shares in the company, valued at approximately $1,448,091.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.

Sturm, Ruger & Company, Inc. Stock Performance

RGR opened at $42.14 on Friday. The firm has a market cap of $733.28 million, a price-to-earnings ratio of 18.23 and a beta of 0.17. The firm’s 50-day simple moving average is $42.24 and its 200-day simple moving average is $43.53. Sturm, Ruger & Company, Inc. has a twelve month low of $40.21 and a twelve month high of $55.94.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, July 31st. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.29). The business had revenue of $130.76 million during the quarter, compared to analyst estimates of $137.60 million. Sturm, Ruger & Company, Inc. had a return on equity of 10.00% and a net margin of 6.36%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 earnings per share. As a group, sell-side analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.19 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.19 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.80%. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.16. Sturm, Ruger & Company, Inc.’s payout ratio is currently 32.90%.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.