Connor Clark & Lunn Investment Management Ltd. Takes Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Jul 23, 2023

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,231 shares of the company's stock, valued at approximately $243,000.

Several other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in Sturm, Ruger & Company, Inc. by 5.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,552 shares of the company's stock worth $226,000 after purchasing an additional 173 shares during the last quarter. Eaton Vance Management increased its holdings in Sturm, Ruger & Company, Inc. by 1.8% during the first quarter. Eaton Vance Management now owns 9,908 shares of the company's stock valued at $690,000 after buying an additional 178 shares during the period. Arizona State Retirement System grew its holdings in Sturm, Ruger & Company, Inc. by 4.0% in the fourth quarter. Arizona State Retirement System now owns 4,985 shares of the company's stock worth $252,000 after purchasing an additional 193 shares during the last quarter. Morgan Dempsey Capital Management LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 23.0% during the first quarter. Morgan Dempsey Capital Management LLC now owns 1,341 shares of the company's stock valued at $93,000 after buying an additional 251 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in Sturm, Ruger & Company, Inc. by 1.7% during the first quarter. Great West Life Assurance Co. Can now owns 15,883 shares of the company's stock valued at $1,134,000 after purchasing an additional 272 shares during the period. Institutional investors own 64.23% of the company's stock.

Shares of RGR opened at $51.50 on Monday. The firm's fifty day simple moving average is $53.18 and its 200-day simple moving average is $54.71. The firm has a market capitalization of $912.58 million, a price-to-earnings ratio of 13.52 and a beta of 0.51. Sturm, Ruger & Company, Inc. has a twelve month low of $49.50 and a twelve month high of $63.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The company had revenue of $142.80 million for the quarter, compared to the consensus estimate of $137.91 million. Sturm, Ruger & Company, Inc. had a net margin of 11.69% and a return on equity of 19.81%. Sturm, Ruger & Company, Inc.'s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $1.17 EPS.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Tuesday, August 15th will be issued a $0.36 dividend. This is an increase from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, August 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.80%. Sturm, Ruger & Company, Inc.'s payout ratio is presently 37.80%.

In other news, CEO Christopher John Killoy sold 10,105 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $53.02, for a total value of $535,767.10. Following the sale, the chief executive officer now owns 50,827 shares of the company's stock, valued at $2,694,847.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.30% of the company's stock.

Separately, StockNews.com upgraded shares of Sturm, Ruger & Company, Inc. from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 16th.

View Our Latest Research Report on RGR

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates through two segments, Firearms and Castings. The company provides 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, as well as manufactures lever-action rifles under the Marlin name and trademark.

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