Raymond James Financial Inc. Invests $410,000 in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Raymond James Financial Inc. acquired a new stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 11,599 shares of the company's stock, valued at approximately $410,000. Raymond James Financial Inc. owned approximately 0.07% of Sturm, Ruger & Company, Inc. at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Rule One Partners LLC purchased a new position in Sturm, Ruger & Company, Inc. during the third quarter valued at $9,142,000. Bank of New York Mellon Corp grew its position in shares of Sturm, Ruger & Company, Inc. by 12.6% during the fourth quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company's stock valued at $7,174,000 after purchasing an additional 22,736 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Sturm, Ruger & Company, Inc. by 323,785.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company's stock worth $802,000 after purchasing an additional 22,665 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the third quarter worth about $319,000. Finally, JPMorgan Chase & Co. boosted its stake in Sturm, Ruger & Company, Inc. by 11.9% during the third quarter. JPMorgan Chase & Co. now owns 60,859 shares of the company's stock valued at $2,537,000 after buying an additional 6,483 shares during the last quarter. Hedge funds and other institutional investors own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Price Performance

Shares of NYSE:RGR traded up $0.85 during trading on Friday, hitting $38.94. The company had a trading volume of 119,892 shares, compared to its average volume of 153,050. The stock has a market cap of $652.63 million, a price-to-earnings ratio of 22.00 and a beta of 0.22. The company has a fifty day simple moving average of $38.56 and a two-hundred day simple moving average of $38.20. Sturm, Ruger & Company, Inc. has a one year low of $34.11 and a one year high of $47.28.

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Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.62 earnings per share for the quarter, meeting analysts' consensus estimates of $0.62. The business had revenue of $145.78 million for the quarter, compared to analysts' expectations 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 business posted $0.58 earnings per share. On average, equities research analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.24 per share. This is a boost from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.47%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 54.24%.

Analysts Set New Price Targets

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.

Sturm, Ruger & Company, Inc. Company 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.