American Century Companies Inc. Lowers Stock Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

American Century Companies Inc. cut its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 24.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 183,730 shares of the company's stock after selling 60,468 shares during the quarter. American Century Companies Inc. owned about 1.06% of Sturm, Ruger & Company, Inc. worth $7,652,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. CWM LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 187.0% during the first quarter. CWM LLC now owns 1,346 shares of the company's stock valued at $62,000 after purchasing an additional 877 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Sturm, Ruger & Company, Inc. by 28.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,618 shares of the company's stock worth $74,000 after acquiring an additional 355 shares in the last quarter. Advisory Services Network LLC bought a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter worth $182,000. EntryPoint Capital LLC bought a new stake in Sturm, Ruger & Company, Inc. in the first quarter worth $228,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Sturm, Ruger & Company, Inc. by 12.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,912 shares of the company's stock worth $319,000 after acquiring an additional 762 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors.

Sturm, Ruger & Company, Inc. Trading Up 0.5 %

Sturm, Ruger & Company, Inc. stock traded up $0.21 during mid-day trading on Tuesday, hitting $42.43. The company had a trading volume of 109,448 shares, compared to its average volume of 150,599. The stock's 50 day moving average price is $42.29 and its two-hundred day moving average price is $43.54. Sturm, Ruger & Company, Inc. has a 12 month low of $40.21 and a 12 month high of $55.94. The company has a market capitalization of $738.32 million, a PE ratio of 18.37 and a beta of 0.17.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.29). Sturm, Ruger & Company, Inc. had a return on equity of 10.00% and a net margin of 6.36%. The company had revenue of $130.76 million during the quarter, compared to the consensus estimate of $137.60 million. During the same period last year, the firm posted $0.91 earnings per share. The company's revenue was down 8.4% compared to the same quarter last year. Equities research analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.19 EPS for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a $0.19 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.79%. This is a boost from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.16. Sturm, Ruger & Company, Inc.'s payout ratio is currently 32.90%.

Insider Transactions at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, VP Sarah F. Colbert sold 2,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $45.14, for a total value of $90,280.00. Following the completion of the sale, the vice president now owns 32,080 shares of the company's stock, valued at approximately $1,448,091.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.50% of the company's stock.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.