Bank of New York Mellon Corp Has $8.65 Million Stock Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Bank of New York Mellon Corp raised its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 6.9% in the 2nd quarter, Holdings Channel reports. The firm owned 207,639 shares of the company’s stock after acquiring an additional 13,460 shares during the period. Bank of New York Mellon Corp’s holdings in Sturm, Ruger & Company, Inc. were worth $8,648,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. International Assets Investment Management LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 2,642.0% during the 4th quarter. International Assets Investment Management LLC now owns 20,702 shares of the company’s stock valued at $941,000 after purchasing an additional 19,947 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Sturm, Ruger & Company, Inc. by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,610 shares of the company’s stock worth $25,752,000 after buying an additional 5,400 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Sturm, Ruger & Company, Inc. by 2.3% during the fourth quarter. BNP Paribas Financial Markets now owns 22,874 shares of the company’s stock worth $1,040,000 after buying an additional 520 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at $182,000. Finally, Wellington Management Group LLP grew its position in Sturm, Ruger & Company, Inc. by 16.1% during the 4th quarter. Wellington Management Group LLP now owns 119,211 shares of the company’s stock worth $5,418,000 after acquiring an additional 16,553 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

Insider Activity at Sturm, Ruger & Company, Inc.

In related news, VP Sarah F. Colbert sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $45.14, for a total value of $90,280.00. Following the sale, the vice president now directly owns 32,080 shares in the company, valued at $1,448,091.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.50% of the stock is currently owned by company insiders.

Sturm, Ruger & Company, Inc. Trading Up 0.8 %

Sturm, Ruger & Company, Inc. stock opened at $40.86 on Wednesday. The stock has a 50-day moving average price of $42.34 and a two-hundred day moving average price of $43.65. Sturm, Ruger & Company, Inc. has a 12 month low of $40.21 and a 12 month high of $55.94. The company has a market capitalization of $688.49 million, a PE ratio of 17.69 and a beta of 0.17.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29). Sturm, Ruger & Company, Inc. had a net margin of 6.36% and a return on equity of 10.00%. The business had revenue of $130.76 million during the quarter, compared to the consensus estimate of $137.60 million. During the same quarter last year, the business earned $0.91 EPS. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. As a group, analysts predict that Sturm, Ruger & Company, Inc. will post 2.19 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a $0.19 dividend. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.86%. Sturm, Ruger & Company, Inc.’s payout ratio is currently 32.90%.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern 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.