Norges Bank Purchases Shares of 98,764 Sturm, Ruger & Company, Inc. (NYSE:RGR)

Norges Bank bought a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 98,764 shares of the company's stock, valued at approximately $3,493,000. Norges Bank owned about 0.59% of Sturm, Ruger & Company, Inc. as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings 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 period. FMR LLC grew its stake in shares of Sturm, Ruger & Company, Inc. by 127.6% during 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 bought a new stake in Sturm, Ruger & Company, Inc. in the third quarter valued at about $260,000. Inceptionr LLC bought a new position in Sturm, Ruger & Company, Inc. during the fourth quarter worth about $321,000. Finally, Quantbot Technologies LP grew its position in shares of Sturm, Ruger & Company, Inc. by 43.2% during the 4th quarter. Quantbot Technologies LP now owns 11,066 shares of the company's stock worth $391,000 after buying an additional 3,339 shares during the period. Institutional investors own 64.00% of the company's stock.

Wall Street Analyst Weigh In

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.

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Sturm, Ruger & Company, Inc. Stock Performance

RGR stock traded up $0.20 during midday trading on Wednesday, hitting $39.02. 2,148 shares of the company's stock were exchanged, compared to its average volume of 152,089. Sturm, Ruger & Company, Inc. has a one year low of $34.11 and a one year high of $47.28. The company has a market cap of $654.05 million, a PE ratio of 22.05 and a beta of 0.22. The stock's fifty day moving average price is $38.69 and its 200-day moving average price is $38.18.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. The business had revenue of $145.78 million during the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $0.58 EPS. On average, analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 EPS 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 issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.46%. This is a positive change from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. The ex-dividend date was Friday, March 14th. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) 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.