Creative Planning Takes $320,000 Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Creative Planning bought a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,686 shares of the company’s stock, valued at approximately $320,000.

Several other institutional investors have also recently bought and sold shares of RGR. Vanguard Group Inc. raised its holdings in Sturm, Ruger & Company, Inc. by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 2,119,506 shares of the company’s stock worth $97,815,000 after acquiring an additional 86,532 shares during the period. Assenagon Asset Management S.A. raised its holdings in 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 worth $5,945,000 after acquiring an additional 75,625 shares during the period. Impala Asset Management LLC bought a new position in Sturm, Ruger & Company, Inc. in the 2nd quarter worth $2,228,000. Deprince Race & Zollo Inc. bought a new position in Sturm, Ruger & Company, Inc. in the 2nd quarter worth $1,984,000. Finally, SG Americas Securities LLC bought a new position in Sturm, Ruger & Company, Inc. in the 2nd quarter worth $1,332,000. Institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Price Performance

Shares of RGR opened at $41.06 on Friday. The company has a market capitalization of $689.44 million, a PE ratio of 23.73 and a beta of 0.17. Sturm, Ruger & Company, Inc. has a one year low of $38.13 and a one year high of $48.20. The company’s fifty day moving average price is $41.27 and its 200 day moving average price is $42.46.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.44 annualized dividend and a dividend yield of 1.07%. Sturm, Ruger & Company, Inc.’s payout ratio is 25.43%.

About Sturm, Ruger & Company, Inc.

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.