Impala Asset Management LLC Buys New Stake in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Impala Asset Management LLC purchased a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 53,500 shares of the company's stock, valued at approximately $2,228,000. Sturm, Ruger & Company, Inc. accounts for approximately 2.0% of Impala Asset Management LLC's investment portfolio, making the stock its 12th biggest position. Impala Asset Management LLC owned 0.31% of Sturm, Ruger & Company, Inc. as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. CWM LLC increased its position in shares of Sturm, Ruger & Company, Inc. by 187.0% in the first quarter. CWM LLC now owns 1,346 shares of the company's stock worth $62,000 after acquiring an additional 877 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Sturm, Ruger & Company, Inc. by 28.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,618 shares of the company's stock worth $74,000 after purchasing an additional 355 shares in the last quarter. Palouse Capital Management Inc. acquired a new stake in Sturm, Ruger & Company, Inc. during the 2nd quarter valued at $77,000. Advisory Services Network LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at $182,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the first quarter valued at $228,000. Hedge funds and other institutional investors own 64.00% of the company's stock.

Insiders Place Their Bets

In other news, VP Sarah F. Colbert sold 2,000 shares of the business's stock in a transaction on 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 directly owns 32,080 shares in the company, valued at approximately $1,448,091.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.50% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of RGR stock traded down $0.38 on Friday, reaching $41.78. 120,886 shares of the company's stock traded hands, compared to its average volume of 149,693. The company has a market capitalization of $703.99 million, a P/E ratio of 18.09 and a beta of 0.17. Sturm, Ruger & Company, Inc. has a 12-month low of $40.21 and a 12-month high of $55.94. The business's 50 day moving average price is $42.17 and its two-hundred day moving average price is $43.48.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.29). The business had revenue of $130.76 million for the quarter, compared to analysts' expectations of $137.60 million. Sturm, Ruger & Company, Inc. had a net margin of 6.36% and a return on equity of 10.00%. The company's revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. Research analysts predict that Sturm, Ruger & Company, Inc. will post 2.19 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business 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. This represents a $0.76 annualized dividend and a yield of 1.82%. The ex-dividend date was Thursday, August 15th. This is a positive change from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.16. Sturm, Ruger & Company, Inc.'s dividend 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.