KLP Kapitalforvaltning AS Invests $870,000 in Sturm, Ruger & Company, Inc. (NYSE:RGR)

KLP Kapitalforvaltning AS purchased a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 24,600 shares of the company's stock, valued at approximately $870,000. KLP Kapitalforvaltning AS owned 0.15% of Sturm, Ruger & Company, Inc. as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rule One Partners LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. in the third quarter worth about $9,142,000. Teacher Retirement System of Texas boosted its stake in Sturm, Ruger & Company, Inc. by 74.8% in the 4th quarter. Teacher Retirement System of Texas now owns 131,093 shares of the company's stock worth $4,637,000 after purchasing an additional 56,087 shares during the period. Weiss Asset Management LP purchased a new position in Sturm, Ruger & Company, Inc. during the 3rd quarter worth approximately $2,065,000. Bank of New York Mellon Corp grew its position in Sturm, Ruger & Company, Inc. by 12.6% during the 4th quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company's stock worth $7,174,000 after purchasing an additional 22,736 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Sturm, Ruger & Company, Inc. by 323,785.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company's stock valued at $802,000 after purchasing an additional 22,665 shares during the period. Hedge funds and other institutional investors own 64.00% of the company's stock.

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

Shares of RGR traded up $0.05 during trading hours on Friday, reaching $38.60. The company's stock had a trading volume of 260,896 shares, compared to its average volume of 153,045. The company has a 50 day moving average of $38.26 and a two-hundred day moving average of $38.40. The firm has a market cap of $646.93 million, a price-to-earnings ratio of 21.81 and a beta of 0.15. Sturm, Ruger & Company, Inc. has a 1-year low of $34.11 and a 1-year high of $48.20.

Remove Ads

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

Sturm, Ruger & Company, Inc. Increases Dividend

The company 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 a boost from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.49%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is presently 54.24%.

Wall Street Analyst Weigh In

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

About Sturm, Ruger & Company, Inc.

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.