Palouse Capital Management Inc. Purchases New Shares in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Palouse Capital Management Inc. bought a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,851 shares of the company’s stock, valued at approximately $77,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RGR. Charles Schwab Investment Management Inc. raised its stake in shares of Sturm, Ruger & Company, Inc. by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,610 shares of the company’s stock worth $25,752,000 after acquiring an additional 5,400 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Sturm, Ruger & Company, Inc. by 2.3% during the 4th 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 acquired a new position in Sturm, Ruger & Company, Inc. during the 4th quarter worth $182,000. Wellington Management Group LLP boosted its position in Sturm, Ruger & Company, Inc. by 16.1% in the 4th quarter. Wellington Management Group LLP now owns 119,211 shares of the company’s stock valued at $5,418,000 after buying an additional 16,553 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Sturm, Ruger & Company, Inc. by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 2,032,974 shares of the company’s stock valued at $92,399,000 after buying an additional 35,815 shares during the period. 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 Sturm, Ruger & Company, Inc. stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $45.14, for a total transaction of $90,280.00. Following the transaction, the vice president now owns 32,080 shares of the company’s stock, valued at approximately $1,448,091.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

Sturm, Ruger & Company, Inc. Stock Up 0.1 %

RGR stock opened at $41.46 on Thursday. Sturm, Ruger & Company, Inc. has a twelve month low of $40.21 and a twelve month high of $55.94. The company has a market cap of $721.45 million, a P/E ratio of 17.95 and a beta of 0.17. The business has a fifty day moving average of $42.35 and a 200-day moving average of $43.57.

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

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.19 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.83%. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.16. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 32.90%.

Sturm, Ruger & Company, Inc. 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.