Charles Schwab Investment Management Inc. Has $6.81 Million Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Charles Schwab Investment Management Inc. lowered its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 17.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 192,401 shares of the company's stock after selling 39,285 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.15% of Sturm, Ruger & Company, Inc. worth $6,805,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in Sturm, Ruger & Company, Inc. by 32.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company's stock worth $71,000 after purchasing an additional 495 shares during the last quarter. FMR LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 127.6% during the 3rd quarter. FMR LLC now owns 2,572 shares of the company's stock worth $107,000 after buying an additional 1,442 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter worth $260,000. Paloma Partners Management Co acquired a new stake in Sturm, Ruger & Company, Inc. in the third quarter valued at about $280,000. Finally, Centiva Capital LP acquired a new stake in Sturm, Ruger & Company, Inc. in the third quarter valued at about $319,000. Institutional investors own 64.00% of the company's stock.

Analyst Upgrades and Downgrades

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

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Sturm, Ruger & Company, Inc. Trading Down 1.4 %

NYSE:RGR traded down $0.55 on Friday, hitting $39.39. The company had a trading volume of 112,975 shares, compared to its average volume of 152,920. 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 capitalization of $660.17 million, a price-to-earnings ratio of 22.25 and a beta of 0.15. The firm has a 50 day moving average of $37.87 and a two-hundred day moving average of $38.50.

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 company had revenue of $145.78 million for the quarter, compared to the consensus estimate of $137.77 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. During the same quarter last year, the business posted $0.58 EPS. As a group, equities analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. This is a boost from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. This represents a $0.96 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, March 14th. Sturm, Ruger & Company, Inc.'s payout ratio is 54.24%.

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.