Bank of New York Mellon Corp acquired a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 126,107 shares of the company's stock, valued at approximately $4,773,000. Bank of New York Mellon Corp owned 0.79% of Sturm, Ruger & Company, Inc. as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. State of Wyoming purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the second quarter valued at about $254,000. Empowered Funds LLC purchased a new position in Sturm, Ruger & Company, Inc. during the first quarter worth about $218,000. Parvin Asset Management LLC lifted its position in Sturm, Ruger & Company, Inc. by 8.5% in the first quarter. Parvin Asset Management LLC now owns 36,300 shares of the company's stock valued at $1,455,000 after purchasing an additional 2,830 shares during the period. Royal Bank of Canada lifted its position in Sturm, Ruger & Company, Inc. by 4.5% in the first quarter. Royal Bank of Canada now owns 232,002 shares of the company's stock valued at $9,301,000 after purchasing an additional 9,999 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in Sturm, Ruger & Company, Inc. by 23.6% in the 1st quarter. Quantinno Capital Management LP now owns 46,223 shares of the company's stock valued at $1,853,000 after purchasing an additional 8,821 shares in the last quarter. Hedge funds and other institutional investors own 64.00% of the company's stock.
Sturm, Ruger & Company, Inc. Stock Performance
Shares of RGR stock opened at $38.60 on Friday. The stock has a fifty day moving average price of $38.05 and a 200 day moving average price of $39.13. The stock has a market cap of $616.83 million, a PE ratio of 51.47 and a beta of 0.19. Sturm, Ruger & Company, Inc. has a 1 year low of $28.33 and a 1 year high of $48.21.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.10. Sturm, Ruger & Company, Inc. had a return on equity of 6.58% and a net margin of 2.11%.The company had revenue of $158.06 million for the quarter, compared to analyst estimates of $128.54 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. Sturm, Ruger & Company, Inc.'s revenue was up 19.3% compared to the same quarter last year. As a group, equities research analysts predict that Sturm, Ruger & Company, Inc. will post 1.49 earnings per share for the current year.
Sturm, Ruger & Company, Inc. Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, August 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 currently 112.00%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Zacks Research downgraded Sturm, Ruger & Company, Inc. from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 6th. Wall Street Zen upgraded Sturm, Ruger & Company, Inc. from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings raised Sturm, Ruger & Company, Inc. from a "sell (d+)" rating to a "hold (c)" rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Sturm, Ruger & Company, Inc. has an average rating of "Hold" and an average price target of $46.00.
Check Out Our Latest Research Report on Sturm, Ruger & Company, Inc.
About Sturm, Ruger & Company, Inc.
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Free Report)
Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.
The company's product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.
See Also
Want to see what other hedge funds are holding RGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report).
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