Wellington Management Group LLP Buys 172,055 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Wellington Management Group LLP lifted its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 71.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 411,918 shares of the company's stock after buying an additional 172,055 shares during the period. Wellington Management Group LLP owned about 2.45% of Sturm, Ruger & Company, Inc. worth $14,570,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rule One Partners LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the third quarter worth approximately $9,142,000. Norges Bank acquired a new stake in Sturm, Ruger & Company, Inc. during the fourth quarter valued at $3,493,000. Teacher Retirement System of Texas grew its stake in Sturm, Ruger & Company, Inc. by 74.8% in the fourth quarter. Teacher Retirement System of Texas now owns 131,093 shares of the company's stock valued at $4,637,000 after purchasing an additional 56,087 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Sturm, Ruger & Company, Inc. in the 4th quarter worth about $1,895,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 4th quarter valued at about $870,000. 64.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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Sturm, Ruger & Company, Inc. Stock Down 0.6 %

Shares of RGR stock traded down $0.22 during mid-day trading on Monday, reaching $38.73. The stock had a trading volume of 2,590 shares, compared to its average volume of 143,189. The firm has a market cap of $649.26 million, a PE ratio of 21.87 and a beta of 0.22. Sturm, Ruger & Company, Inc. has a one year low of $34.11 and a one year high of $47.28. The firm's 50 day simple moving average is $38.56 and its 200 day simple moving average is $38.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share 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 business had revenue of $145.78 million for the quarter, compared to analysts' expectations of $137.77 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Friday, March 14th. 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 is 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.