Trexquant Investment LP Purchases New Shares in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Trexquant Investment LP acquired a new stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 36,919 shares of the company's stock, valued at approximately $1,306,000. Trexquant Investment LP owned approximately 0.22% of Sturm, Ruger & Company, Inc. at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Rule One Partners LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. during the third quarter worth $9,142,000. Bank of New York Mellon Corp boosted 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 worth $7,174,000 after buying an additional 22,736 shares during the period. Inceptionr LLC bought a new position in shares of Sturm, Ruger & Company, Inc. during the fourth quarter worth about $321,000. Meeder Asset Management Inc. acquired a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter valued at approximately $481,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Sturm, Ruger & Company, Inc. by 323,785.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company's stock valued at $802,000 after acquiring an additional 22,665 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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 Performance

RGR traded down $0.14 during trading on Tuesday, reaching $38.72. 9,177 shares of the stock were exchanged, compared to its average volume of 152,229. The stock's 50 day moving average price is $38.62 and its two-hundred day moving average price is $38.18. Sturm, Ruger & Company, Inc. has a twelve month low of $34.11 and a twelve month high of $47.28. The stock has a market cap of $649.02 million, a P/E ratio of 21.88 and a beta of 0.22.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.62. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The company had revenue of $145.78 million for the quarter, compared to analysts' expectations of $137.77 million. During the same period in the prior year, the firm earned $0.58 EPS. Equities research analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.'s payout ratio is currently 54.24%.

About Sturm, Ruger & Company, Inc.

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.