Swiss National Bank Lowers Stake in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Swiss National Bank lessened its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,200 shares of the company’s stock after selling 800 shares during the period. Swiss National Bank owned 0.20% of Sturm, Ruger & Company, Inc. worth $1,174,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RGR. Jones Financial Companies Lllp grew its stake in 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 acquiring an additional 495 shares in the last quarter. FMR LLC grew its stake in Sturm, Ruger & Company, Inc. by 127.6% in the third quarter. FMR LLC now owns 2,572 shares of the company’s stock worth $107,000 after purchasing an additional 1,442 shares in the last quarter. Virtu Financial LLC purchased a new position in Sturm, Ruger & Company, Inc. during the 3rd quarter worth $260,000. Paloma Partners Management Co purchased a new position in Sturm, Ruger & Company, Inc. during the 3rd quarter worth $280,000. Finally, Centiva Capital LP bought a new stake in Sturm, Ruger & Company, Inc. during the 3rd quarter valued at $319,000. Institutional investors own 64.00% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised 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. Stock Performance

NYSE:RGR opened at $39.39 on Friday. The firm has a 50-day simple moving average of $37.94 and a 200-day simple moving average of $38.47. Sturm, Ruger & Company, Inc. has a one year low of $34.11 and a one year high of $48.20. The firm 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 quarterly earnings data on Wednesday, February 19th. The company reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. The company had revenue of $145.78 million during the quarter, compared to the consensus estimate of $137.77 million. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. During the same quarter in the previous year, the firm posted $0.58 earnings per share. On average, research analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.44%. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, March 14th. Sturm, Ruger & Company, Inc.’s payout ratio 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.