Dynamic Technology Lab Private Ltd Takes $245,000 Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) during the 4th quarter, Holdings Channel.com reports. The firm purchased 6,927 shares of the company’s stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC increased its position in shares of Sturm, Ruger & Company, Inc. by 127.6% during the third quarter. FMR LLC now owns 2,572 shares of the company’s stock worth $107,000 after purchasing an additional 1,442 shares in the last quarter. HighTower Advisors LLC lifted its stake in Sturm, Ruger & Company, Inc. by 9.2% in the third quarter. HighTower Advisors LLC now owns 10,162 shares of the company’s stock valued at $432,000 after buying an additional 854 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the third quarter valued at approximately $260,000. Rule One Partners LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. during the third quarter worth approximately $9,142,000. Finally, JPMorgan Chase & Co. grew its position in shares of Sturm, Ruger & Company, Inc. by 11.9% during the third quarter. JPMorgan Chase & Co. now owns 60,859 shares of the company’s stock worth $2,537,000 after acquiring an additional 6,483 shares during the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Sturm, Ruger & Company, Inc. Stock Down 0.2 %

Shares of RGR stock opened at $38.05 on Friday. The stock’s 50-day moving average price is $38.49 and its 200 day moving average price is $38.25. The stock has a market capitalization of $637.79 million, a PE ratio of 21.50 and a beta of 0.22. Sturm, Ruger & Company, Inc. has a 52-week low of $34.11 and a 52-week high of $47.28.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released 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. The business had revenue of $145.78 million for the quarter, compared to analyst estimates of $137.77 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. During the same quarter in the previous year, the company posted $0.58 earnings per share. Analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend 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 payout ratio is currently 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.