Bank of New York Mellon Corp Has $7.17 Million Stake in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Bank of New York Mellon Corp increased its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 202,841 shares of the company's stock after acquiring an additional 22,736 shares during the quarter. Bank of New York Mellon Corp owned about 1.21% of Sturm, Ruger & Company, Inc. worth $7,174,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP increased its holdings in shares of Sturm, Ruger & Company, Inc. by 7.5% during the third quarter. Aigen Investment Management LP now owns 7,510 shares of the company's stock worth $313,000 after purchasing an additional 527 shares during the period. Quest Partners LLC raised its position in Sturm, Ruger & Company, Inc. by 4,027.7% during the third quarter. Quest Partners LLC now owns 21,877 shares of the company's stock valued at $912,000 after purchasing an additional 21,347 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 64.4% during the 3rd quarter. Intech Investment Management LLC now owns 12,279 shares of the company's stock worth $512,000 after buying an additional 4,810 shares during the last quarter. FMR LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 127.6% in the third quarter. FMR LLC now owns 2,572 shares of the company's stock worth $107,000 after acquiring an additional 1,442 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in Sturm, Ruger & Company, Inc. in the third quarter valued at approximately $280,000. Institutional investors and hedge funds own 64.00% of the company's stock.

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Sturm, Ruger & Company, Inc. Price Performance

NYSE RGR traded down $0.14 during trading hours on Wednesday, reaching $40.05. The company's stock had a trading volume of 53,438 shares, compared to its average volume of 143,289. The firm has a fifty day simple moving average of $37.26 and a 200-day simple moving average of $38.54. Sturm, Ruger & Company, Inc. has a 52 week low of $34.11 and a 52 week high of $48.20. The stock has a market cap of $671.25 million, a P/E ratio of 22.60 and a beta of 0.15.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $145.78 million during the quarter, compared to the consensus estimate of $137.77 million. During the same quarter last year, the firm earned $0.58 earnings per share. On average, research 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. Shareholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Friday, March 14th. This is a positive change from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.'s payout ratio is 54.24%.

Analysts Set New Price Targets

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. 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.