Assenagon Asset Management S.A. Decreases Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Assenagon Asset Management S.A. trimmed its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 32.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 65,575 shares of the company's stock after selling 31,554 shares during the period. Assenagon Asset Management S.A. owned approximately 0.37% of Sturm, Ruger & Company, Inc. worth $2,980,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Sturm, Ruger & Company, Inc. by 5.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,552 shares of the company's stock worth $226,000 after purchasing an additional 173 shares during the period. Eaton Vance Management lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 1.8% in the 1st quarter. Eaton Vance Management now owns 9,908 shares of the company's stock worth $690,000 after acquiring an additional 178 shares during the last quarter. Morgan Dempsey Capital Management LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 23.0% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,341 shares of the company's stock worth $93,000 after purchasing an additional 251 shares during the period. Great West Life Assurance Co. Can increased its holdings in Sturm, Ruger & Company, Inc. by 1.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 15,883 shares of the company's stock valued at $1,134,000 after purchasing an additional 272 shares during the last quarter. Finally, Raymond James Trust N.A. increased its holdings in Sturm, Ruger & Company, Inc. by 7.3% in the 1st quarter. Raymond James Trust N.A. now owns 4,376 shares of the company's stock valued at $304,000 after purchasing an additional 296 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Down 0.1 %

NYSE:RGR traded down $0.06 during trading hours on Wednesday, reaching $45.75. 114,865 shares of the stock were exchanged, compared to its average volume of 156,859. Sturm, Ruger & Company, Inc. has a twelve month low of $42.00 and a twelve month high of $59.47. The business has a 50-day moving average of $44.38 and a two-hundred day moving average of $46.46. The company has a market capitalization of $807.95 million, a price-to-earnings ratio of 16.82 and a beta of 0.32.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its earnings results 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 firm had revenue of $130.60 million for 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 posted $1.06 EPS. On average, research analysts forecast that Sturm, Ruger & Company, Inc. will post 3.87 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.23 dividend. This is a positive change from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.92 annualized dividend and a dividend yield of 2.01%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is presently 33.82%.

Insider Activity at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, CEO Christopher John Killoy sold 3,664 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $45.03, for a total transaction of $164,989.92. Following the sale, the chief executive officer now directly owns 52,869 shares in the company, valued at approximately $2,380,691.07. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.30% of the company's stock.

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.