I believe the mutual fund shareholders are subsets of the institutional shareholders, and need not be reported separately.
Updated Ruger Institutional Shareholders May 16
2013 Q1 2012 Q4 change
Blackrock 1,523,698 1,436,280 87,418
Vanguard Group Inc. 1,488,477 1,368,861 119,616
London Company 1,424,306 1,354,812 69,494
Capital World Investors 1,245,000 1,245,000 0
Allianz Asset Mgmnt 884,842 1,365,828 -480,986
James Inv Research 856,301 890,456 -34,155
Dimensional Fund Advisors 491,277 484,656 6,621
State Street Bank 366,519 366,519 0
Morgan Dempsey 242,130 226485 15,645
AJO, LP 220,800 0 220,800
Renaissance Technology 160,000 480,900 -320,900
Valinor Management LLC 0 270,179 -270,179
Tiger Global Mgmnt 0 800,000 -800,000
Impala Asset Mgmt 0 547,686 -547,686
Highside Capital Mgmt 0 251,807 -251,807
Politico says the gun bill lacks votes in the Senate, because of Red State Democratic defections from the party line. I don't know if this gun bill has any effect on Ruger sales and profits, regardless.
To my surprise, I find myself agreeing with Captain Who2.
I believe CEO Michael Fifer sells 25,000 shares every quarter. I don't think these are timed sales. Take a look at his profile on Yahoo Finance, and you can see that sales are regular events.
Also, I don't believe Ruger insiders have any special knowledge of highs and lows. If they really knew this, they would never have sold shares in the teens and single digits when Ruger was at that level. They would have waited until it hit $59.
Also, most of the insiders and directors aren't permitted to sell until earnings release date, to protect public investors from front-running abuses. The options and phantom stock units are frozen until after earnings.
I purchased .22 caliber and .38 caliber ammo at the Megasports range, as a pre-condition for shooting. I was required buy it there, in order to use the range. Obviously more expensive than buying ammo at Walmart.. Could not even enter the store without showing a FOID (firearms owner ID) card, which evidently other states do not require. .
Most of the murders in Cook County seem to be gang-related, prostitution, gambling, and drug-dealing. We are a hub for distribution of marijuana and cocaine......there is marijuana cultivation occurring in the suburban Forest Preserves, and the police helicopters fly overhead searching for the plants.. But as Mr. Biden says, we ordinary citizens don't really need guns, we can defend ourselves by blowing a whistle, or with a pair of scissors..
The three analysts covering Ruger consensus is $1.01 per share for the first quarter. Slightly less than $1.02 in Q4 2012.
However, Ruger is selling every unit it can manufacture. Prices increased in January. NICS checks have been at all-time records in January and February. Therefore both sales and prices have increased. That means to me that the Q1 estimate is too low.
I wondered whether Ruger could increase production if demand increased. For example, the May 2012 Analyst Day presentation stated that they were operating 20+ hours/day, 6 days a week, That was almost one year ago.
Elsewhere in Conference Calls, Mr. Fifer said assembly units are running one shift per day (out of three possible), but the minimill and foundry operate two shifts. There is a plan to replace the foundry with 5 minimills, and there is [only] one minimill running in addition to the foundry, and there is some excess capacity in melting metal. However, there are part shortages for sports rifles, Many parts are outsourced to small unaffiliated machine shops, and these are having difficulty keeping up with demand.
It takes 5 minimills to replace the foundry, and there is a metallurgy problem, in that the minimills can't use scrap metal, and need expensive "virgin metal". So the labor savings from the efficient minimills is offset by the cost of materials.
Capital expenditure was about $27 million in 2012, and will be about $30 million in 2013.
Taking all this into account, I do not believe Ruger can increase production beyond the Q4 rate of 463,500 units produced, unless parts shortages disappear. If production could be sustained at the record Q4 rate, however, it would increase 9% versus 2012. Profits would increase more than this because of price increases which occur in January, and sometimes in July.
When first quarter earning are published, it will be very important whether the units produced exceed 463,500.