Sturm, Ruger & Company, Inc. (RGR) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 60.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,088 shares of the company’s stock after buying an additional 19,327 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.29% of Sturm, Ruger & worth $3,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Sturm, Ruger & during the second quarter valued at about $261,000. BNP Paribas Arbitrage SA increased its position in shares of Sturm, Ruger & by 38.2% during the second quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the company’s stock valued at $740,000 after buying an additional 3,286 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Sturm, Ruger & by 11.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 127,854 shares of the company’s stock valued at $7,947,000 after buying an additional 13,541 shares during the period. LSV Asset Management increased its position in shares of Sturm, Ruger & by 730.5% during the second quarter. LSV Asset Management now owns 291,500 shares of the company’s stock valued at $18,116,000 after buying an additional 256,400 shares during the period. Finally, Fort L.P. purchased a new position in shares of Sturm, Ruger & during the second quarter valued at about $717,000. Institutional investors own 82.05% of the company’s stock.

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Sturm, Ruger & (NYSE:RGR) last posted its earnings results on Tuesday, October 31st. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). The business had revenue of $104.80 million for the quarter, compared to analysts’ expectations of $126.20 million. Sturm, Ruger & had a net margin of 11.07% and a return on equity of 26.62%. The company’s revenue for the quarter was down 35.1% on a year-over-year basis. During the same period last year, the business posted $1.21 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Tuesday, November 14th. Sturm, Ruger &’s dividend payout ratio (DPR) is 26.90%.

Several equities analysts recently issued reports on the stock. BidaskClub cut shares of Sturm, Ruger & from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research cut shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a research report on Saturday, July 15th. Aegis reiterated a “buy” rating and set a $67.00 price target on shares of Sturm, Ruger & in a research report on Friday, October 6th. Finally, TheStreet cut shares of Sturm, Ruger & from a “b-” rating to a “c” rating in a research report on Thursday, August 24th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Sturm, Ruger & currently has an average rating of “Hold” and a consensus price target of $58.00.

Sturm, Ruger & Profile

Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.

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Institutional Ownership by Quarter for Sturm, Ruger & (NYSE:RGR)

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