Sturm, Ruger & Company, Inc. (NYSE:RGR) Stake Reduced by American Century Companies Inc.

American Century Companies Inc. decreased its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,019 shares of the company’s stock after selling 9,874 shares during the period. American Century Companies Inc. owned approximately 0.98% of Sturm, Ruger & Company, Inc. worth $5,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in RGR. Rule One Partners LLC bought a new stake in Sturm, Ruger & Company, Inc. during the third quarter worth approximately $9,142,000. Weiss Asset Management LP acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter valued at $2,065,000. Bank of New York Mellon Corp boosted its stake in shares of Sturm, Ruger & Company, Inc. by 12.6% during the 4th quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company’s stock worth $7,174,000 after acquiring an additional 22,736 shares in the last quarter. Inceptionr LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth $321,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 323,785.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company’s stock worth $802,000 after acquiring 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

RGR stock opened at $38.60 on Friday. The firm has a market capitalization of $646.93 million, a P/E ratio of 21.81 and a beta of 0.15. Sturm, Ruger & Company, Inc. has a 52-week low of $34.11 and a 52-week high of $48.20. The company’s 50 day simple moving average is $38.26 and its 200-day simple moving average is $38.42.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. The company had revenue of $145.78 million for 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 period in the previous year, the business earned $0.58 EPS. Sell-side analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was 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 Ratings Changes

Separately, StockNews.com upgraded 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. 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.