Charles Schwab Investment Management Inc. Sells 39,285 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Charles Schwab Investment Management Inc. decreased its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 17.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 192,401 shares of the company’s stock after selling 39,285 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.15% of Sturm, Ruger & Company, Inc. worth $6,805,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its position in shares of Sturm, Ruger & Company, Inc. by 32.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company’s stock valued at $71,000 after acquiring an additional 495 shares during the period. FMR LLC raised its stake in Sturm, Ruger & Company, Inc. by 127.6% in the third quarter. FMR LLC now owns 2,572 shares of the company’s stock valued at $107,000 after purchasing an additional 1,442 shares in the last quarter. Virtu Financial LLC bought a new stake in Sturm, Ruger & Company, Inc. during the third quarter worth about $260,000. Paloma Partners Management Co acquired a new stake in Sturm, Ruger & Company, Inc. during the third quarter worth about $280,000. Finally, Centiva Capital LP bought a new position in Sturm, Ruger & Company, Inc. in the 3rd quarter valued at about $319,000. Institutional investors own 64.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a report on Monday, February 24th.

Sturm, Ruger & Company, Inc. Price Performance

NYSE RGR opened at $39.56 on Tuesday. The business has a fifty day moving average price of $37.63 and a two-hundred day moving average price of $38.49. The stock has a market capitalization of $663.02 million, a PE ratio of 22.35 and a beta of 0.15. Sturm, Ruger & Company, Inc. has a fifty-two week low of $34.11 and a fifty-two week high of $48.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The business had revenue of $145.78 million during the quarter, compared to the consensus estimate of $137.77 million. During the same period in the prior year, the company earned $0.58 EPS. As a group, sell-side analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, March 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is presently 54.24%.

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.