Marathon Partners Equity Management LLC Grows Stake in Sturm, Ruger & Company, Inc. (RGR)

Marathon Partners Equity Management LLC lifted its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 100.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the company’s stock after buying an additional 25,000 shares during the quarter. Sturm, Ruger & Company, Inc. makes up about 1.1% of Marathon Partners Equity Management LLC’s holdings, making the stock its 22nd largest position. Marathon Partners Equity Management LLC owned about 0.29% of Sturm, Ruger & Company, Inc. worth $2,585,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Flinton Capital Management LLC raised its stake in Sturm, Ruger & Company, Inc. by 77.8% in the 2nd quarter. Flinton Capital Management LLC now owns 1,792 shares of the company’s stock valued at $111,000 after purchasing an additional 784 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Sturm, Ruger & Company, Inc. by 10.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,840 shares of the company’s stock valued at $114,000 after purchasing an additional 177 shares during the last quarter. Macquarie Group Ltd. acquired a new position in Sturm, Ruger & Company, Inc. in the 3rd quarter valued at about $129,000. PNC Financial Services Group Inc. raised its stake in Sturm, Ruger & Company, Inc. by 2.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,965 shares of the company’s stock valued at $184,000 after purchasing an additional 80 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new position in Sturm, Ruger & Company, Inc. in the 2nd quarter valued at about $211,000. 84.66% of the stock is owned by institutional investors and hedge funds.

Sturm, Ruger & Company, Inc. (NYSE:RGR) traded down $0.75 on Thursday, reaching $54.90. The company’s stock had a trading volume of 167,500 shares, compared to its average volume of 289,127. The stock has a market cap of $957.69, a PE ratio of 16.27 and a beta of 0.08. Sturm, Ruger & Company, Inc. has a 52 week low of $44.80 and a 52 week high of $68.80.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.07). The business had revenue of $104.80 million during the quarter, compared to analysts’ expectations of $126.20 million. Sturm, Ruger & Company, Inc. had a net margin of 11.07% and a return on equity of 26.62%. The firm’s quarterly revenue was down 35.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 EPS. equities analysts predict that Sturm, Ruger & Company, Inc. will post 3.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Tuesday, November 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is 24.63%.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 16th. Aegis reissued a “buy” rating and issued a $67.00 target price on shares of Sturm, Ruger & Company, Inc. in a research note on Friday, October 6th. TheStreet downgraded shares of Sturm, Ruger & Company, Inc. from a “b-” rating to a “c” rating in a research note on Thursday, August 24th. Finally, BidaskClub raised shares of Sturm, Ruger & Company, Inc. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $58.00.

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About Sturm, Ruger & Company, Inc.

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 & Company, Inc. (NYSE:RGR)

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