Rhumbline Advisers Purchases 1,918 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Rhumbline Advisers boosted its position in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,956 shares of the company’s stock after acquiring an additional 1,918 shares during the period. Rhumbline Advisers owned 0.27% of Sturm, Ruger & Company, Inc. worth $1,590,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Rule One Partners LLC bought a new position in Sturm, Ruger & Company, Inc. during the third quarter worth about $9,142,000. JPMorgan Chase & Co. boosted its holdings in Sturm, Ruger & Company, Inc. by 11.9% during the third quarter. JPMorgan Chase & Co. now owns 60,859 shares of the company’s stock worth $2,537,000 after buying an additional 6,483 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Sturm, Ruger & Company, Inc. by 5.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 51,473 shares of the company’s stock worth $1,821,000 after buying an additional 2,733 shares during the last quarter. Weiss Asset Management LP bought a new position in Sturm, Ruger & Company, Inc. during the third quarter worth about $2,065,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Sturm, Ruger & Company, Inc. by 323,785.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company’s stock worth $802,000 after buying an additional 22,665 shares during the last quarter. Institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Price Performance

NYSE:RGR opened at $39.50 on Wednesday. Sturm, Ruger & Company, Inc. has a fifty-two week low of $34.11 and a fifty-two week high of $48.20. The stock has a market capitalization of $662.02 million, a PE ratio of 22.31 and a beta of 0.18. The business’s 50-day simple moving average is $36.26 and its 200-day simple moving average is $38.69.

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

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s payout ratio is 54.24%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a 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 under 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.