24,600 Shares in Sturm, Ruger & Company, Inc. (NYSE:RGR) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 24,600 shares of the company’s stock, valued at approximately $870,000. KLP Kapitalforvaltning AS owned about 0.15% of Sturm, Ruger & Company, Inc. as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RGR. Rule One Partners LLC purchased a new stake in Sturm, Ruger & Company, Inc. in the 3rd quarter valued at about $9,142,000. Bank of New York Mellon Corp boosted its holdings in Sturm, Ruger & Company, Inc. by 12.6% in the fourth quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company’s stock valued at $7,174,000 after purchasing an additional 22,736 shares during the period. Teacher Retirement System of Texas grew its position in shares of Sturm, Ruger & Company, Inc. by 74.8% during the fourth quarter. Teacher Retirement System of Texas now owns 131,093 shares of the company’s stock worth $4,637,000 after buying an additional 56,087 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Sturm, Ruger & Company, Inc. by 2.4% in the 4th quarter. Principal Financial Group Inc. now owns 81,537 shares of the company’s stock valued at $2,884,000 after purchasing an additional 1,937 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Sturm, Ruger & Company, Inc. by 11.9% in the third quarter. JPMorgan Chase & Co. now owns 60,859 shares of the company’s stock valued at $2,537,000 after buying an additional 6,483 shares during the last quarter. 64.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised 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. Price Performance

RGR stock opened at $39.34 on Tuesday. Sturm, Ruger & Company, Inc. has a 12 month low of $34.11 and a 12 month high of $48.20. The company has a market cap of $659.47 million, a price-to-earnings ratio of 22.23 and a beta of 0.15. The company has a fifty day moving average price of $38.01 and a 200 day moving average price of $38.44.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. The company had revenue of $145.78 million for the quarter, compared to the consensus estimate 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 period last year, the business posted $0.58 EPS. As a group, analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 54.24%.

Sturm, Ruger & Company, Inc. 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.