Landscape Capital Management L.L.C. Acquires Shares of 27,958 Sturm, Ruger & Company, Inc. $RGR

Landscape Capital Management L.L.C. bought a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,958 shares of the company’s stock, valued at approximately $1,058,000. Landscape Capital Management L.L.C. owned 0.17% of Sturm, Ruger & Company, Inc. at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in shares of Sturm, Ruger & Company, Inc. by 5.2% during the second quarter. The Manufacturers Life Insurance Company now owns 6,002 shares of the company’s stock worth $215,000 after acquiring an additional 299 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Sturm, Ruger & Company, Inc. by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company’s stock valued at $384,000 after purchasing an additional 390 shares during the last quarter. Nebula Research & Development LLC boosted its holdings in Sturm, Ruger & Company, Inc. by 2.6% in the second quarter. Nebula Research & Development LLC now owns 15,405 shares of the company’s stock valued at $553,000 after purchasing an additional 391 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Sturm, Ruger & Company, Inc. by 4.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,625 shares of the company’s stock valued at $347,000 after purchasing an additional 432 shares in the last quarter. Finally, Brevan Howard Capital Management LP grew its stake in Sturm, Ruger & Company, Inc. by 8.4% during the 2nd quarter. Brevan Howard Capital Management LP now owns 8,028 shares of the company’s stock valued at $288,000 after purchasing an additional 620 shares in the last quarter. 64.00% of the stock is owned by institutional investors and hedge funds.

Sturm, Ruger & Company, Inc. Trading Down 0.0%

Shares of RGR opened at $39.06 on Monday. Sturm, Ruger & Company, Inc. has a 52 week low of $28.33 and a 52 week high of $48.21. The firm has a market cap of $624.18 million, a price-to-earnings ratio of 52.08 and a beta of 0.19. The stock has a 50 day moving average of $38.28 and a 200-day moving average of $39.13.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.10. Sturm, Ruger & Company, Inc. had a return on equity of 6.58% and a net margin of 2.11%.The business had revenue of $158.06 million for the quarter, compared to analyst estimates of $128.54 million. During the same period in the prior year, the company posted $0.41 EPS. The business’s revenue was up 19.3% compared to the same quarter last year. On average, sell-side analysts predict that Sturm, Ruger & Company, Inc. will post 1.49 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s payout ratio is currently 112.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RGR shares. Zacks Research lowered Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Lake Street Capital reissued a “buy” rating and set a $46.00 price objective on shares of Sturm, Ruger & Company, Inc. in a report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Sturm, Ruger & Company, Inc. currently has a consensus rating of “Hold” and an average target price of $46.00.

Sturm, Ruger & Company, Inc. Profile

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.