Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 14.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 231,686 shares of the company’s stock after selling 40,573 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Sturm, Ruger & Company, Inc. were worth $9,657,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in Sturm, Ruger & Company, Inc. by 12.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,912 shares of the company’s stock worth $319,000 after buying an additional 762 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 2nd quarter worth $1,332,000. Assenagon Asset Management S.A. grew its stake in shares of Sturm, Ruger & Company, Inc. by 112.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 142,729 shares of the company’s stock valued at $5,945,000 after buying an additional 75,625 shares during the period. Bank of New York Mellon Corp raised its position in Sturm, Ruger & Company, Inc. by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 207,639 shares of the company’s stock valued at $8,648,000 after purchasing an additional 13,460 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Sturm, Ruger & Company, Inc. by 15.6% during the second quarter. Rhumbline Advisers now owns 46,685 shares of the company’s stock valued at $1,944,000 after acquiring an additional 6,306 shares during the last quarter. 64.00% of the stock is owned by institutional investors and hedge funds.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of RGR opened at $36.75 on Tuesday. Sturm, Ruger & Company, Inc. has a 1 year low of $35.61 and a 1 year high of $48.20. The company’s 50-day simple moving average is $39.85 and its 200-day simple moving average is $41.46. The stock has a market capitalization of $616.95 million, a PE ratio of 21.24 and a beta of 0.16.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.20%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently 25.43%.

Sturm, Ruger & Company, Inc. Company Profile

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.