Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 21.0% in the 4th quarter, HoldingsChannel reports. The fund owned 1,532,034 shares of the company’s stock after selling 406,376 shares during the period. Vanguard Group Inc. owned 0.09% of Sturm, Ruger & Company, Inc. worth $54,188,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Rule One Partners LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the third quarter valued at $9,142,000. Bank of New York Mellon Corp boosted its holdings in 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 in the last quarter. Inceptionr LLC bought a new position in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at $321,000. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 worth $802,000 after acquiring an additional 22,665 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 4.5% during the fourth quarter. Rhumbline Advisers now owns 44,956 shares of the company’s stock valued at $1,590,000 after purchasing an additional 1,918 shares during 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 upgraded shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a report on Monday, February 24th.

Sturm, Ruger & Company, Inc. Trading Up 2.2 %

Shares of RGR stock opened at $38.94 on Friday. The company has a market capitalization of $652.63 million, a price-to-earnings ratio of 22.00 and a beta of 0.22. Sturm, Ruger & Company, Inc. has a 1-year low of $34.11 and a 1-year high of $47.28. The stock’s fifty day simple moving average is $38.56 and its 200-day simple moving average is $38.22.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued 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 return on equity of 9.49% and a net margin of 5.70%. The company had revenue of $145.78 million for the quarter, compared to the consensus estimate of $137.77 million. During the same quarter in the prior year, the company earned $0.58 EPS. On average, sell-side analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.24 dividend. The ex-dividend date 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 2.47%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 54.24%.

Sturm, Ruger & Company, Inc. Company 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.