Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report)'s share price gapped up before the market opened on Thursday following a dividend announcement from the company. The stock had previously closed at $35.46, but opened at $37.33. Sturm, Ruger & Company, Inc. shares last traded at $39.44, with a volume of 72,218 shares traded.
The newly announced dividend which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. 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 2.42%. This is an increase from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is presently 24.86%.
Sturm, Ruger & Company, Inc. Stock Down 0.4 %
The business has a 50 day simple moving average of $35.59 and a 200 day simple moving average of $38.81. The company has a market capitalization of $665.45 million, a PE ratio of 22.39 and a beta of 0.18.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.62 EPS for the quarter, meeting analysts' consensus estimates of $0.62. Sturm, Ruger & Company, Inc. had a return on equity of 9.47% and a net margin of 5.70%. The company had revenue of $145.78 million during the quarter, compared to analysts' expectations of $137.77 million. During the same period last year, the business posted $0.58 earnings per share. Equities analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.
Institutional Investors Weigh In On Sturm, Ruger & Company, Inc.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. raised its stake in Sturm, Ruger & Company, Inc. by 351.0% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,655 shares of the company's stock valued at $59,000 after buying an additional 1,288 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Sturm, Ruger & Company, Inc. by 32.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company's stock valued at $71,000 after buying an additional 495 shares during the last quarter. FMR LLC raised its stake in Sturm, Ruger & Company, Inc. by 127.6% in the third quarter. FMR LLC now owns 2,572 shares of the company's stock valued at $107,000 after buying an additional 1,442 shares during the last quarter. iSAM Funds UK Ltd purchased a new position in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth about $209,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth about $210,000. 64.00% of the stock is currently owned by hedge funds and other institutional investors.
About Sturm, Ruger & Company, Inc.
(
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Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates under 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.
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