Assenagon Asset Management S.A. Lowers Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Assenagon Asset Management S.A. lessened its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 45.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,465 shares of the company's stock after selling 65,264 shares during the period. Assenagon Asset Management S.A. owned about 0.46% of Sturm, Ruger & Company, Inc. worth $3,229,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in RGR. Vanguard Group Inc. lifted its position in Sturm, Ruger & Company, Inc. by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 2,032,974 shares of the company's stock worth $92,399,000 after purchasing an additional 35,815 shares during the period. Bank of New York Mellon Corp raised its position in shares of Sturm, Ruger & Company, Inc. by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 207,639 shares of the company's stock valued at $8,648,000 after buying an additional 13,460 shares in the last quarter. Impala Asset Management LLC bought a new stake in Sturm, Ruger & Company, Inc. during the second quarter worth $2,228,000. Dark Forest Capital Management LP bought a new position in Sturm, Ruger & Company, Inc. in the second quarter valued at about $221,000. Finally, Dimensional Fund Advisors LP bought a new position in Sturm, Ruger & Company, Inc. in the 2nd quarter valued at approximately $552,000. 64.00% of the stock is owned by institutional investors.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE:RGR traded down $1.80 during midday trading on Thursday, hitting $38.98. 406,221 shares of the stock were exchanged, compared to its average volume of 145,904. The business's 50-day moving average price is $41.47 and its 200 day moving average price is $42.70. The stock has a market capitalization of $657.01 million, a price-to-earnings ratio of 22.31 and a beta of 0.16. Sturm, Ruger & Company, Inc. has a 12 month low of $38.13 and a 12 month high of $55.58.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share (EPS) for the quarter. The firm had revenue of $122.29 million for the quarter. Sturm, Ruger & Company, Inc. had a return on equity of 10.00% and a net margin of 6.36%. As a group, sell-side analysts expect that Sturm, Ruger & Company, Inc. will post 2.19 EPS for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.13%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is currently 43.93%.

Sturm, Ruger & Company, Inc. Profile

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.