American Century Companies Inc. Cuts Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

American Century Companies Inc. lowered its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 164,019 shares of the company's stock after selling 9,874 shares during the quarter. American Century Companies Inc. owned about 0.98% of Sturm, Ruger & Company, Inc. worth $5,801,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. 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 purchasing an additional 495 shares in the last quarter. 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 acquiring an additional 854 shares in the last quarter. FMR LLC increased its position in shares of Sturm, Ruger & Company, Inc. by 127.6% during the third quarter. FMR LLC now owns 2,572 shares of the company's stock worth $107,000 after acquiring an additional 1,442 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Sturm, Ruger & Company, Inc. by 4.5% in the 4th quarter. Rhumbline Advisers now owns 44,956 shares of the company's stock worth $1,590,000 after acquiring an additional 1,918 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Sturm, Ruger & Company, Inc. by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 81,537 shares of the company's stock worth $2,884,000 after purchasing an additional 1,937 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company's stock.

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Sturm, Ruger & Company, Inc. Price Performance

Shares of NYSE:RGR traded up $0.05 during trading on Friday, hitting $38.60. The company's stock had a trading volume of 260,896 shares, compared to its average volume of 153,045. The company has a 50-day moving average of $38.26 and a 200-day moving average of $38.40. Sturm, Ruger & Company, Inc. has a 12 month low of $34.11 and a 12 month high of $48.20. The firm has a market cap of $646.93 million, a price-to-earnings ratio of 21.81 and a beta of 0.22.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its 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 9.49% and a net margin of 5.70%. The firm had revenue of $145.78 million for the quarter, compared to analysts' expectations of $137.77 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. As a group, 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 business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.49%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is 54.24%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of 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. 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.