Sturm, Ruger & Company, Inc. (NYSE:RGR) Raises Dividend to $0.11 Per Share

Sturm, Ruger & Company, Inc. (NYSE:RGR) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Thursday, May 14th will be paid a dividend of 0.11 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 14th. This is a 37.5% increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.08.

Sturm, Ruger & Company, Inc. has decreased its dividend payment by an average of 0.4%annually over the last three years. Sturm, Ruger & Company, Inc. has a payout ratio of 19.4% indicating that its dividend is sufficiently covered by earnings.

Sturm, Ruger & Company, Inc. Price Performance

Shares of NYSE:RGR opened at $37.46 on Tuesday. The business’s 50 day simple moving average is $40.43 and its 200-day simple moving average is $37.31. The firm has a market capitalization of $597.03 million, a price-to-earnings ratio of -51.31 and a beta of 0.21. Sturm, Ruger & Company, Inc. has a 12 month low of $28.33 and a 12 month high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.07). The firm had revenue of $141.36 million for the quarter, compared to analysts’ expectations of $137.26 million. Sturm, Ruger & Company, Inc. had a positive return on equity of 5.96% and a negative net margin of 2.18%.Sturm, Ruger & Company, Inc.’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. On average, equities analysts anticipate that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current year.

Institutional Investors Weigh In On Sturm, Ruger & Company, Inc.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in Sturm, Ruger & Company, Inc. by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,002 shares of the company’s stock valued at $215,000 after buying an additional 299 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Sturm, Ruger & Company, Inc. by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company’s stock worth $384,000 after purchasing an additional 390 shares during the period. Nebula Research & Development LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 2.6% during the 2nd quarter. Nebula Research & Development LLC now owns 15,405 shares of the company’s stock worth $553,000 after purchasing an additional 391 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Sturm, Ruger & Company, Inc. by 4.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,625 shares of the company’s stock worth $347,000 after purchasing an additional 432 shares during the period. Finally, Ballentine Partners LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 4.9% during the 3rd quarter. Ballentine Partners LLC now owns 9,507 shares of the company’s stock worth $413,000 after purchasing an additional 442 shares during the period. Hedge funds and other institutional investors own 64.00% of the company’s stock.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.