Renaissance Technologies LLC Decreases Stake in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Renaissance Technologies LLC trimmed its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 775,576 shares of the company's stock after selling 39,700 shares during the quarter. Renaissance Technologies LLC owned about 4.62% of Sturm, Ruger & Company, Inc. worth $27,432,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 3.0% in the 4th quarter. Invesco Ltd. now owns 141,773 shares of the company's stock valued at $5,015,000 after buying an additional 4,181 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Sturm, Ruger & Company, Inc. in the fourth quarter valued at $245,000. Wells Fargo & Company MN grew its holdings in shares of Sturm, Ruger & Company, Inc. by 4.0% during the fourth quarter. Wells Fargo & Company MN now owns 42,272 shares of the company's stock worth $1,495,000 after purchasing an additional 1,634 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Sturm, Ruger & Company, Inc. during the fourth quarter worth about $1,306,000. Finally, Geode Capital Management LLC increased its position in shares of Sturm, Ruger & Company, Inc. by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 381,193 shares of the company's stock worth $13,487,000 after purchasing an additional 2,466 shares in the last quarter. 64.00% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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. Stock Performance

NYSE RGR traded up $0.24 during trading on Thursday, reaching $39.02. The company's stock had a trading volume of 24,253 shares, compared to its average volume of 151,919. The business's fifty day moving average price is $38.75 and its 200-day moving average price is $38.19. Sturm, Ruger & Company, Inc. has a twelve month low of $34.11 and a twelve month high of $47.28. The firm has a market cap of $653.97 million, a price-to-earnings ratio of 22.03 and a beta of 0.22.

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

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.24 dividend. This is an increase from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 2.46%. Sturm, Ruger & Company, Inc.'s payout ratio is presently 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.