Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,217 shares of the company’s stock after selling 413 shares during the quarter. Raymond James & Associates’ holdings in Sturm, Ruger & Company, Inc. were worth $783,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RGR. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of 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 buying an additional 1,138 shares during the period. MQS Management LLC purchased a new stake in Sturm, Ruger & Company, Inc. during the third quarter valued at about $220,000. Rafferty Asset Management LLC increased its stake in Sturm, Ruger & Company, Inc. by 6.5% during the third quarter. Rafferty Asset Management LLC now owns 5,679 shares of the company’s stock worth $296,000 after acquiring an additional 345 shares during the last quarter. Graham Capital Management L.P. purchased a new position in shares of Sturm, Ruger & Company, Inc. in the 3rd quarter worth about $310,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of 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 purchasing an additional 392 shares in the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Stock Performance

RGR opened at $46.92 on Wednesday. Sturm, Ruger & Company, Inc. has a 1 year low of $42.00 and a 1 year high of $58.44. The firm has a 50 day moving average price of $45.07 and a 200 day moving average price of $45.92. The company has a market cap of $828.79 million, a PE ratio of 17.25 and a beta of 0.32.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings data 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). The business had revenue of $130.60 million during the quarter, compared to analyst estimates of $133.75 million. Sturm, Ruger & Company, Inc. had a return on equity of 14.59% and a net margin of 8.87%. Sturm, Ruger & Company, Inc.’s revenue was down 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 EPS. On average, sell-side analysts predict that Sturm, Ruger & Company, Inc. will post 3.87 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.17. This represents a $0.92 annualized dividend and a yield of 1.96%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is 33.82%.

Insiders Place Their Bets

In other news, CEO Christopher John Killoy sold 3,170 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $47.00, for a total value of $148,990.00. Following the completion of the sale, the chief executive officer now owns 49,699 shares in the company, valued at $2,335,853. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 7,388 shares of company stock worth $340,018 over the last quarter. 2.30% of the stock is owned by corporate insiders.

Sturm, Ruger & Company, Inc. Company Profile

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.