Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,200 shares of the company’s stock after selling 800 shares during the quarter. Swiss National Bank’s holdings in Sturm, Ruger & Company, Inc. were worth $1,174,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp boosted its position in shares of Sturm, Ruger & Company, Inc. by 32.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company’s stock worth $71,000 after purchasing an additional 495 shares in the last quarter. FMR LLC increased its position in Sturm, Ruger & Company, Inc. by 127.6% during the 3rd quarter. FMR LLC now owns 2,572 shares of the company’s stock valued at $107,000 after buying an additional 1,442 shares in the last quarter. Virtu Financial LLC purchased a new stake in Sturm, Ruger & Company, Inc. in the third quarter valued at about $260,000. Paloma Partners Management Co acquired a new stake in Sturm, Ruger & Company, Inc. in the third quarter worth about $280,000. Finally, Centiva Capital LP purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the third quarter worth about $319,000. 64.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of 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. Trading Down 1.4 %

NYSE RGR opened at $39.39 on Friday. Sturm, Ruger & Company, Inc. has a 12-month low of $34.11 and a 12-month high of $48.20. The company has a fifty day simple moving average of $37.94 and a two-hundred day simple moving average of $38.47. The stock has a market cap of $660.17 million, a P/E ratio of 22.25 and a beta of 0.15.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to analyst estimates of $137.77 million. During the same quarter last year, the business posted $0.58 EPS. As a group, sell-side analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.44%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, March 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is presently 54.24%.

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.