Dynamic Technology Lab Private Ltd Buys New Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Dynamic Technology Lab Private Ltd bought a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,927 shares of the company's stock, valued at approximately $245,000.

Several other institutional investors also recently modified their holdings of RGR. Jones Financial Companies Lllp boosted its stake in Sturm, Ruger & Company, Inc. by 32.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company's stock worth $71,000 after acquiring an additional 495 shares during the last quarter. FMR LLC raised its holdings in 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 purchasing an additional 1,442 shares during the period. Virtu Financial LLC acquired a new stake in Sturm, Ruger & Company, Inc. in the third quarter worth $260,000. Inceptionr LLC bought a new position in shares of Sturm, Ruger & Company, Inc. during the fourth quarter worth $321,000. Finally, Quantbot Technologies LP grew its holdings in shares of Sturm, Ruger & Company, Inc. by 43.2% in the 4th quarter. Quantbot Technologies LP now owns 11,066 shares of the company's stock valued at $391,000 after buying an additional 3,339 shares during the period. Institutional investors and hedge funds 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 Up 0.9 %

Shares of NYSE:RGR traded up $0.36 during trading on Wednesday, hitting $39.18. 7,501 shares of the company's stock traded hands, compared to its average volume of 142,403. The company has a 50-day moving average price of $38.69 and a 200-day moving average price of $38.18. Sturm, Ruger & Company, Inc. has a 52 week low of $34.11 and a 52 week high of $47.28. The company has a market cap of $656.65 million, a price-to-earnings ratio of 22.13 and a beta of 0.22.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share for the quarter, meeting analysts' consensus estimates 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 previous year, the firm posted $0.58 earnings per share. On average, analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.24 dividend. The ex-dividend date was Friday, March 14th. This is a positive change 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 2.45%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is presently 54.24%.

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.