Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Gap Up Following Dividend Announcement

Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) gapped up before the market opened on Thursday following a dividend announcement from the company. The stock had previously closed at $35.46, but opened at $37.33. Sturm, Ruger & Company, Inc. shares last traded at $39.44, with a volume of 72,218 shares trading hands.

The newly announced dividend which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. This represents a $0.96 dividend on an annualized basis and a yield of 2.42%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 24.86%.

Sturm, Ruger & Company, Inc. Trading Down 0.4 %

The company has a market capitalization of $665.45 million, a price-to-earnings ratio of 22.39 and a beta of 0.18. The stock’s fifty day simple moving average is $35.59 and its 200-day simple moving average is $38.81.

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, hitting analysts’ consensus estimates of $0.62. The company had revenue of $145.78 million for the quarter, compared to analyst estimates of $137.77 million. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.47%. During the same period in the prior year, the business earned $0.58 EPS. On average, analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

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

A number of large investors have recently modified their holdings of the company. Novem Group purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at approximately $307,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Sturm, Ruger & Company, Inc. by 24.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,921 shares of the company’s stock valued at $1,341,000 after purchasing an additional 7,531 shares during the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at approximately $209,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at approximately $250,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in shares of Sturm, Ruger & Company, Inc. by 351.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,655 shares of the company’s stock valued at $59,000 after purchasing an additional 1,288 shares during the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates under 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.