Allspring Global Investments Holdings LLC Buys 26,859 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Allspring Global Investments Holdings LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 487.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,372 shares of the company’s stock after acquiring an additional 26,859 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.18% of Sturm, Ruger & Company, Inc. worth $1,471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sturm, Ruger & Company, Inc. by 59.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,066 shares of the company’s stock worth $160,000 after purchasing an additional 1,138 shares during the period. MQS Management LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. during the third quarter worth about $220,000. Rafferty Asset Management LLC raised its position in Sturm, Ruger & Company, Inc. by 6.5% in the 3rd quarter. Rafferty Asset Management LLC now owns 5,679 shares of the company’s stock valued at $296,000 after buying an additional 345 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in Sturm, Ruger & Company, Inc. in the 3rd quarter valued at approximately $310,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Sturm, Ruger & Company, Inc. by 6.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,143 shares of the company’s stock valued at $320,000 after acquiring an additional 392 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Christopher John Killoy sold 554 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $47.00, for a total value of $26,038.00. Following the completion of the sale, the chief executive officer now owns 49,145 shares of the company’s stock, valued at approximately $2,309,815. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 7,388 shares of company stock valued at $340,018 in the last 90 days. 2.30% of the stock is currently owned by insiders.

Sturm, Ruger & Company, Inc. Price Performance

Shares of RGR opened at $46.75 on Tuesday. Sturm, Ruger & Company, Inc. has a twelve month low of $42.00 and a twelve month high of $58.44. The stock has a market capitalization of $825.61 million, a P/E ratio of 17.19 and a beta of 0.32. The company has a 50 day moving average of $44.99 and a 200-day moving average of $45.95.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.09). Sturm, Ruger & Company, Inc. had a net margin of 8.87% and a return on equity of 14.59%. The business had revenue of $130.60 million during the quarter, compared to analyst estimates of $133.75 million. During the same quarter in the previous year, the firm posted $1.06 earnings per share. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. On average, sell-side analysts anticipate that Sturm, Ruger & Company, Inc. will post 3.87 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.97%. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, March 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 33.82%.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.