13,585 Shares in Sturm, Ruger & Company, Inc. (NYSE:RGR) Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. purchased a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,585 shares of the company's stock, valued at approximately $481,000. Meeder Asset Management Inc. owned about 0.08% of Sturm, Ruger & Company, Inc. as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of Sturm, Ruger & Company, Inc. by 71.7% in the fourth quarter. Wellington Management Group LLP now owns 411,918 shares of the company's stock valued at $14,570,000 after acquiring an additional 172,055 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter worth about $1,895,000. Norges Bank acquired a new position in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth approximately $3,493,000. JPMorgan Chase & Co. increased its holdings in shares of Sturm, Ruger & Company, Inc. by 37.9% during the fourth quarter. JPMorgan Chase & Co. now owns 83,940 shares of the company's stock worth $2,969,000 after purchasing an additional 23,081 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at approximately $870,000. 64.00% of the stock is owned by institutional investors.

Sturm, Ruger & Company, Inc. Trading Up 0.1 %

RGR stock traded up $0.05 during mid-day trading on Friday, hitting $38.60. The stock had a trading volume of 260,896 shares, compared to its average volume of 153,045. The firm has a fifty day simple moving average of $38.26 and a 200 day simple moving average of $38.40. The firm has a market capitalization of $646.93 million, a P/E ratio of 21.81 and a beta of 0.15. Sturm, Ruger & Company, Inc. has a 52 week low of $34.11 and a 52 week high of $48.20.

Remove Ads

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.62. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The business had revenue of $145.78 million for the quarter, compared to analyst estimates of $137.77 million. During the same quarter last year, the business posted $0.58 EPS. As a group, equities analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.24 per share. This is an increase from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. This represents a $0.96 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, March 14th. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 54.24%.

Analyst Ratings Changes

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

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 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.