Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Bought by Swiss National Bank

Swiss National Bank boosted its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Rating) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,600 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Swiss National Bank owned about 0.24% of Sturm, Ruger & Company, Inc. worth $2,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RGR. Point72 Hong Kong Ltd purchased a new position in Sturm, Ruger & Company, Inc. in the second quarter valued at $26,000. Quadrant Capital Group LLC increased its holdings in 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 buying an additional 554 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Sturm, Ruger & Company, Inc. by 44.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,139 shares of the company’s stock valued at $79,000 after buying an additional 352 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its holdings in Sturm, Ruger & Company, Inc. by 23.0% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,341 shares of the company’s stock valued at $93,000 after buying an additional 251 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Sturm, Ruger & Company, Inc. by 27.5% in the first quarter. Captrust Financial Advisors now owns 2,118 shares of the company’s stock valued at $147,000 after buying an additional 457 shares in the last quarter. 68.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Sturm, Ruger & Company, Inc. in a research note on Thursday, May 18th. They set a “buy” rating for the company.

Sturm, Ruger & Company, Inc. Stock Down 1.4 %

RGR stock opened at $52.65 on Friday. The stock has a market capitalization of $932.43 million, a P/E ratio of 12.94 and a beta of 0.51. The firm has a 50-day simple moving average of $55.91 and a 200-day simple moving average of $55.57. Sturm, Ruger & Company, Inc. has a 52 week low of $49.50 and a 52 week high of $69.90.

Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Rating) last released its earnings results on Wednesday, May 3rd. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.16). The company had revenue of $149.50 million for the quarter, compared to analysts’ expectations of $138.80 million. Sturm, Ruger & Company, Inc. had a return on equity of 20.35% and a net margin of 12.52%. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.70 EPS.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $1.28 annualized dividend and a yield of 2.43%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 31.45%.

Sturm, Ruger & Company, Inc. Company Profile

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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.