Jefferies Group LLC Invests $330,000 in Sturm Ruger & Co (RGR) Stock

Jefferies Group LLC purchased a new stake in Sturm Ruger & Co (NYSE:RGR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,900 shares of the company’s stock, valued at approximately $330,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fort L.P. lifted its stake in Sturm Ruger & Co by 152.7% in the third quarter. Fort L.P. now owns 29,162 shares of the company’s stock valued at $1,508,000 after buying an additional 17,623 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Sturm Ruger & Co by 5.6% in the third quarter. Ameriprise Financial Inc. now owns 111,045 shares of the company’s stock valued at $5,742,000 after buying an additional 5,921 shares in the last quarter. Comerica Bank lifted its stake in Sturm Ruger & Co by 89.3% in the fourth quarter. Comerica Bank now owns 35,687 shares of the company’s stock valued at $1,963,000 after buying an additional 16,838 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Sturm Ruger & Co by 19.1% in the third quarter. Wells Fargo & Company MN now owns 126,191 shares of the company’s stock valued at $6,524,000 after buying an additional 20,218 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Sturm Ruger & Co by 46.1% in the third quarter. Envestnet Asset Management Inc. now owns 8,537 shares of the company’s stock valued at $440,000 after buying an additional 2,694 shares in the last quarter. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Sturm Ruger & Co (NYSE:RGR) opened at $49.40 on Monday. Sturm Ruger & Co has a fifty-two week low of $43.00 and a fifty-two week high of $68.80. The stock has a market cap of $860.89, a P/E ratio of 17.03 and a beta of 0.11.

Sturm Ruger & Co (NYSE:RGR) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.21). Sturm Ruger & Co had a net margin of 9.98% and a return on equity of 22.81%. The business had revenue of $118.20 million during the quarter, compared to analyst estimates of $134.50 million. During the same quarter last year, the business earned $1.10 earnings per share. Sturm Ruger & Co’s revenue for the quarter was down 26.9% on a year-over-year basis. equities research analysts expect that Sturm Ruger & Co will post 3.42 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, March 14th. This is an increase from Sturm Ruger & Co’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.86%. Sturm Ruger & Co’s dividend payout ratio (DPR) is 31.72%.

Separately, Zacks Investment Research lowered shares of Sturm Ruger & Co from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Sturm Ruger & Co currently has an average rating of “Hold” and a consensus price target of $64.50.

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About Sturm Ruger & Co

Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates in two segments, Firearms and Castings. The company offers single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts.

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

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