Robeco Institutional Asset Management B.V. Acquires 6,387 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Robeco Institutional Asset Management B.V. lifted its position in Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Rating) by 2.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 225,516 shares of the company’s stock after buying an additional 6,387 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Sturm, Ruger & Company, Inc. were worth $11,453,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in shares of Sturm, Ruger & Company, Inc. in the second quarter valued at about $26,000. Bogart Wealth LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. in the third quarter valued at about $25,000. Hexagon Capital Partners LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. in the third quarter valued at about $26,000. Koshinski Asset Management Inc. bought a new stake in shares of Sturm, Ruger & Company, Inc. in the third quarter valued at about $953,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 1,978.6% in the third quarter. Quadrant Capital Group LLC now owns 582 shares of the company’s stock valued at $30,000 after acquiring an additional 554 shares in the last quarter. 68.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Sturm, Ruger & Company, Inc. in a report on Thursday. They issued a “buy” rating for the company.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of Sturm, Ruger & Company, Inc. stock opened at $54.33 on Friday. The company has a market capitalization of $956.21 million, a PE ratio of 10.95 and a beta of 0.47. The company has a 50-day simple moving average of $56.10 and a two-hundred day simple moving average of $54.47. Sturm, Ruger & Company, Inc. has a one year low of $49.50 and a one year high of $74.88.

Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Rating) last announced its earnings results on Wednesday, February 22nd. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.08. The business had revenue of $149.20 million during the quarter, compared to the consensus estimate of $134.93 million. Sturm, Ruger & Company, Inc. had a net margin of 14.82% and a return on equity of 23.87%. The firm’s revenue was down 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.14 earnings per share.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 10th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, March 9th. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a yield of 3.09%. Sturm, Ruger & Company, Inc.’s payout ratio is currently 33.87%.

About Sturm, Ruger & Company, Inc.

(Get Rating)

Sturm, Ruger & Co, Inc engages in the design, manufacture, and sale of firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment manufactures and sells rifles, pistols, and revolvers principally to a number of federally-licensed, independent wholesale distributors primarily located in the United States.