Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 11.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,859 shares of the company’s stock after acquiring an additional 6,483 shares during the period. JPMorgan Chase & Co. owned about 0.36% of Sturm, Ruger & Company, Inc. worth $2,537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in Sturm, Ruger & Company, Inc. by 53.8% in the 3rd quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock worth $31,000 after purchasing an additional 257 shares in the last quarter. FMR LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 127.6% in the 3rd quarter. FMR LLC now owns 2,572 shares of the company’s stock valued at $107,000 after purchasing an additional 1,442 shares during the period. Indiana Trust & Investment Management Co purchased a new stake in Sturm, Ruger & Company, Inc. during the third quarter worth $108,000. Dark Forest Capital Management LP acquired a new stake in Sturm, Ruger & Company, Inc. during the second quarter valued at $221,000. Finally, Virtu Financial LLC purchased a new position in Sturm, Ruger & Company, Inc. in the third quarter valued at $260,000. 64.00% of the stock is owned by institutional investors and hedge funds.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of Sturm, Ruger & Company, Inc. stock opened at $35.70 on Tuesday. The firm has a 50-day simple moving average of $36.59 and a two-hundred day simple moving average of $40.00. Sturm, Ruger & Company, Inc. has a fifty-two week low of $34.11 and a fifty-two week high of $48.20. The company has a market cap of $599.32 million, a P/E ratio of 20.63 and a beta of 0.17.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently declared 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 1.23%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently 25.43%.

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 under 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.