Geode Capital Management LLC Acquires 2,466 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Geode Capital Management LLC raised its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 0.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 381,193 shares of the company’s stock after acquiring an additional 2,466 shares during the period. Geode Capital Management LLC owned approximately 2.27% of Sturm, Ruger & Company, Inc. worth $13,487,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in Sturm, Ruger & Company, Inc. during the fourth quarter valued at $481,000. Wellington Management Group LLP lifted its stake in shares of Sturm, Ruger & Company, Inc. by 71.7% in the 4th quarter. Wellington Management Group LLP now owns 411,918 shares of the company’s stock worth $14,570,000 after purchasing an additional 172,055 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth approximately $1,895,000. Norges Bank bought a new stake in Sturm, Ruger & Company, Inc. during the fourth quarter valued at approximately $3,493,000. Finally, JPMorgan Chase & Co. increased its holdings in Sturm, Ruger & Company, Inc. by 37.9% during the fourth quarter. JPMorgan Chase & Co. now owns 83,940 shares of the company’s stock valued at $2,969,000 after buying an additional 23,081 shares during the last quarter. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 24th.

Sturm, Ruger & Company, Inc. Stock Down 0.8 %

RGR stock opened at $38.97 on Tuesday. The business’s 50-day moving average price is $38.95 and its 200-day moving average price is $38.10. The stock has a market cap of $653.22 million, a P/E ratio of 22.02 and a beta of 0.22. Sturm, Ruger & Company, Inc. has a twelve month low of $34.11 and a twelve month high of $47.28.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly 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 business had revenue of $145.78 million for the quarter, compared to the consensus estimate of $137.77 million. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. During the same quarter in the previous year, the firm earned $0.58 earnings per share. On average, equities research analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal 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 paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 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.