Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 37.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,940 shares of the company’s stock after purchasing an additional 23,081 shares during the quarter. JPMorgan Chase & Co. owned 0.50% of Sturm, Ruger & Company, Inc. worth $2,969,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RGR. Jones Financial Companies Lllp increased its stake in shares of Sturm, Ruger & Company, Inc. by 32.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company’s stock worth $71,000 after purchasing an additional 495 shares in the last quarter. FMR LLC boosted its holdings in Sturm, Ruger & Company, Inc. by 127.6% in the 3rd quarter. FMR LLC now owns 2,572 shares of the company’s stock worth $107,000 after buying an additional 1,442 shares during the last quarter. Rhumbline Advisers increased its stake in Sturm, Ruger & Company, Inc. by 4.5% during the 4th quarter. Rhumbline Advisers now owns 44,956 shares of the company’s stock worth $1,590,000 after buying an additional 1,918 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Sturm, Ruger & Company, Inc. by 2.4% during the fourth quarter. Principal Financial Group Inc. now owns 81,537 shares of the company’s stock valued at $2,884,000 after acquiring an additional 1,937 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 5.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 51,473 shares of the company’s stock valued at $1,821,000 after acquiring an additional 2,733 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 Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 24th.

Sturm, Ruger & Company, Inc. Stock Up 1.7 %

Sturm, Ruger & Company, Inc. stock opened at $39.64 on Wednesday. The company has a fifty day simple moving average of $39.03 and a 200-day simple moving average of $38.11. The firm has a market capitalization of $664.50 million, a price-to-earnings ratio of 22.40 and a beta of 0.22. Sturm, Ruger & Company, Inc. has a 52-week low of $34.11 and a 52-week high of $47.28.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The company had revenue of $145.78 million during the quarter, compared to analysts’ expectations of $137.77 million. During the same quarter in the prior year, the company earned $0.58 EPS. On average, research analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 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.