Semanteon Capital Management LP Makes New $733,000 Investment in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Semanteon Capital Management LP bought a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,718 shares of the company's stock, valued at approximately $733,000. Semanteon Capital Management LP owned approximately 0.12% of Sturm, Ruger & Company, Inc. at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Intech Investment Management LLC grew its stake in shares of Sturm, Ruger & Company, Inc. by 64.4% in the 3rd quarter. Intech Investment Management LLC now owns 12,279 shares of the company's stock valued at $512,000 after buying an additional 4,810 shares in the last quarter. FMR LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 127.6% during the 3rd quarter. FMR LLC now owns 2,572 shares of the company's stock valued at $107,000 after purchasing an additional 1,442 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter valued at $280,000. Centiva Capital LP acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 3rd quarter valued at $319,000. Finally, HighTower Advisors LLC boosted its holdings in Sturm, Ruger & Company, Inc. by 9.2% in the third quarter. HighTower Advisors LLC now owns 10,162 shares of the company's stock worth $432,000 after purchasing an additional 854 shares in the last quarter. 64.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Sturm, Ruger & Company, Inc. from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 24th.

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

Shares of NYSE:RGR traded up $0.18 during trading on Wednesday, reaching $39.57. The stock had a trading volume of 83,130 shares, compared to its average volume of 144,027. The stock has a fifty day simple moving average of $37.71 and a two-hundred day simple moving average of $38.48. Sturm, Ruger & Company, Inc. has a 52 week low of $34.11 and a 52 week high of $48.20. The firm has a market capitalization of $663.31 million, a price-to-earnings ratio of 22.36 and a beta of 0.15.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.62 EPS for the quarter, hitting the consensus estimate of $0.62. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The firm had revenue of $145.78 million for the quarter, compared to the consensus estimate of $137.77 million. During the same quarter last year, the firm posted $0.58 EPS. On average, analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.43%. This is a positive change from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is 54.24%.

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.