Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its position in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 32.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,018 shares of the company’s stock after purchasing an additional 495 shares during the period. Jones Financial Companies Lllp’s holdings in Sturm, Ruger & Company, Inc. were worth $71,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Rule One Partners LLC purchased a new position in Sturm, Ruger & Company, Inc. in the third quarter worth approximately $9,142,000. Weiss Asset Management LP purchased a new stake in Sturm, Ruger & Company, Inc. in the third quarter valued at $2,065,000. Bank of New York Mellon Corp raised its position in Sturm, Ruger & Company, Inc. by 12.6% in the fourth quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company’s stock valued at $7,174,000 after purchasing an additional 22,736 shares during the period. Quest Partners LLC raised its position in Sturm, Ruger & Company, Inc. by 4,027.7% in the third quarter. Quest Partners LLC now owns 21,877 shares of the company’s stock valued at $912,000 after purchasing an additional 21,347 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Sturm, Ruger & Company, Inc. by 323,785.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company’s stock valued at $802,000 after purchasing an additional 22,665 shares during the period. Institutional investors and hedge funds own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Stock Down 1.0 %

NYSE:RGR opened at $40.01 on Tuesday. Sturm, Ruger & Company, Inc. has a 52 week low of $34.11 and a 52 week high of $48.20. The company has a market capitalization of $670.56 million, a P/E ratio of 22.60 and a beta of 0.15. The stock’s fifty day moving average is $37.15 and its two-hundred day moving average is $38.56.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its earnings results on Wednesday, February 19th. The company reported $0.62 EPS for the quarter, meeting analysts’ consensus estimates of $0.62. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The company had revenue of $145.78 million for the quarter, compared to the consensus estimate of $137.77 million. During the same quarter in the previous year, the business earned $0.58 earnings per share. Sell-side analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s payout ratio is currently 54.24%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 24th.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.