Commonwealth Equity Services LLC Has $309,000 Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Commonwealth Equity Services LLC lessened its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 94.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,747 shares of the company's stock after selling 152,905 shares during the period. Commonwealth Equity Services LLC owned about 0.05% of Sturm, Ruger & Company, Inc. worth $309,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Jones Financial Companies Lllp raised its position in shares of 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 period. HighTower Advisors LLC raised its holdings in Sturm, Ruger & Company, Inc. by 9.2% during the 3rd quarter. HighTower Advisors LLC now owns 10,162 shares of the company's stock worth $432,000 after buying an additional 854 shares during the period. FMR LLC raised its holdings in 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 during the period. Rhumbline Advisers lifted its stake in Sturm, Ruger & Company, Inc. by 4.5% during the fourth quarter. Rhumbline Advisers now owns 44,956 shares of the company's stock valued at $1,590,000 after buying an additional 1,918 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 81,537 shares of the company's stock worth $2,884,000 after buying an additional 1,937 shares during the period. 64.00% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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. Stock Up 2.2 %

Shares of Sturm, Ruger & Company, Inc. stock traded up $0.85 during midday trading on Friday, hitting $38.94. The company's stock had a trading volume of 119,892 shares, compared to its average volume of 153,174. Sturm, Ruger & Company, Inc. has a 1-year low of $34.11 and a 1-year high of $47.28. The firm has a market capitalization of $652.63 million, a P/E ratio of 22.00 and a beta of 0.22. The stock has a 50-day simple moving average of $38.56 and a 200-day simple moving average of $38.22.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.62 EPS for the quarter, hitting analysts' consensus estimates of $0.62. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The firm had revenue of $145.78 million during the quarter, compared to analyst estimates of $137.77 million. During the same period last year, the company posted $0.58 EPS. As a group, sell-side analysts predict 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 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. The ex-dividend date was Friday, March 14th. 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 yield of 2.47%. Sturm, Ruger & Company, Inc.'s payout ratio 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.