Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,234 shares of the company’s stock after buying an additional 482 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Sturm, Ruger & Company, Inc. were worth $511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Rafferty Asset Management LLC grew its position in shares of Sturm, Ruger & Company, Inc. by 6.5% in the third quarter. Rafferty Asset Management LLC now owns 5,679 shares of the company’s stock valued at $296,000 after purchasing an additional 345 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Sturm, Ruger & Company, Inc. by 6.8% in the third 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. Swiss National Bank increased its position in shares of Sturm, Ruger & Company, Inc. by 2.1% during the third quarter. Swiss National Bank now owns 39,000 shares of the company’s stock worth $2,033,000 after acquiring an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 valued at $160,000 after purchasing an additional 1,138 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Sturm, Ruger & Company, Inc. by 13.6% in the third quarter. Deutsche Bank AG now owns 10,678 shares of the company’s stock valued at $557,000 after acquiring an additional 1,279 shares in the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Price Performance

Shares of NYSE RGR opened at $46.25 on Friday. The company has a market capitalization of $816.69 million, a price-to-earnings ratio of 17.00 and a beta of 0.32. Sturm, Ruger & Company, Inc. has a 1 year low of $42.00 and a 1 year high of $58.44. The business has a 50-day moving average of $45.18 and a two-hundred day moving average of $45.92.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). The business had revenue of $130.60 million for the quarter, compared to analysts’ expectations of $133.75 million. Sturm, Ruger & Company, Inc. had a return on equity of 14.59% and a net margin of 8.87%. The business’s revenue was down 12.5% on a year-over-year basis. During the same quarter last year, the business posted $1.06 earnings per share. As a group, equities research analysts expect 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 announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.23 per share. 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 1.99%. The ex-dividend date of this dividend was Thursday, March 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 33.82%.

Insider Activity at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, CEO Christopher John Killoy sold 3,170 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $47.00, for a total transaction of $148,990.00. Following the completion of the transaction, the chief executive officer now directly owns 49,699 shares in the company, valued at approximately $2,335,853. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 7,388 shares of company stock valued at $340,018 in the last ninety days. Corporate insiders own 2.30% of the company’s stock.

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.