Principal Financial Group Inc. Has $3.32 Million Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Principal Financial Group Inc. trimmed its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,600 shares of the company’s stock after selling 6,368 shares during the period. Principal Financial Group Inc. owned about 0.47% of Sturm, Ruger & Company, Inc. worth $3,318,000 as of its most recent SEC filing.

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

Sturm, Ruger & Company, Inc. Price Performance

Shares of RGR stock opened at $35.12 on Friday. Sturm, Ruger & Company, Inc. has a one year low of $34.14 and a one year high of $48.20. The stock has a fifty day moving average price of $37.68 and a 200 day moving average price of $40.48. The stock has a market cap of $589.70 million, a P/E ratio of 20.30 and a beta of 0.17.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Wednesday, November 13th. Sturm, Ruger & Company, Inc.’s payout ratio is 25.43%.

Sturm, Ruger & Company, Inc. Company Profile

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.