Geode Capital Management LLC Decreases Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Geode Capital Management LLC decreased its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 378,727 shares of the company’s stock after selling 9,738 shares during the period. Geode Capital Management LLC owned 2.26% of Sturm, Ruger & Company, Inc. worth $15,789,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of Sturm, Ruger & Company, Inc. by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 207,639 shares of the company’s stock worth $8,648,000 after purchasing an additional 13,460 shares during the period. Rhumbline Advisers grew its holdings in Sturm, Ruger & Company, Inc. by 15.6% during the second quarter. Rhumbline Advisers now owns 46,685 shares of the company’s stock valued at $1,944,000 after purchasing an additional 6,306 shares during the period. Texas Permanent School Fund Corp increased its position in Sturm, Ruger & Company, Inc. by 33.7% in the second quarter. Texas Permanent School Fund Corp now owns 20,734 shares of the company’s stock worth $864,000 after buying an additional 5,223 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Sturm, Ruger & Company, Inc. in the second quarter valued at $552,000. Finally, Palouse Capital Management Inc. bought a new stake in shares of Sturm, Ruger & Company, Inc. in the second quarter valued at $77,000. 64.00% of the stock is currently owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Stock Performance

RGR stock opened at $34.65 on Monday. The stock has a fifty day moving average of $38.26 and a 200-day moving average of $40.71. Sturm, Ruger & Company, Inc. has a fifty-two week low of $34.29 and a fifty-two week high of $48.20. The company has a market capitalization of $581.81 million, a price-to-earnings ratio of 20.03 and a beta of 0.16.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.27%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 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.