Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 487.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,372 shares of the company's stock after buying an additional 26,859 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.18% of Sturm, Ruger & Company, Inc. worth $1,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its stake in Sturm, Ruger & Company, Inc. by 7.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 19,819 shares of the company's stock worth $901,000 after purchasing an additional 1,405 shares in the last quarter. HighTower Advisors LLC grew its stake in Sturm, Ruger & Company, Inc. by 30.6% during the 3rd quarter. HighTower Advisors LLC now owns 12,285 shares of the company's stock worth $646,000 after purchasing an additional 2,879 shares in the last quarter. Graham Capital Management L.P. acquired a new position in Sturm, Ruger & Company, Inc. during the 3rd quarter worth $310,000. Assenagon Asset Management S.A. grew its stake in Sturm, Ruger & Company, Inc. by 102.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 97,129 shares of the company's stock worth $5,062,000 after purchasing an additional 49,181 shares in the last quarter. Finally, UBS Group AG grew its stake in Sturm, Ruger & Company, Inc. by 19.7% during the 3rd quarter. UBS Group AG now owns 147,602 shares of the company's stock worth $7,693,000 after purchasing an additional 24,251 shares in the last quarter. Hedge funds and other institutional investors own 64.00% of the company's stock.

Insider Activity

In other news, CEO Christopher John Killoy sold 554 shares of the business's stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $47.00, for a total value of $26,038.00. Following the completion of the sale, the chief executive officer now directly owns 49,145 shares of the company's stock, valued at approximately $2,309,815. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 7,388 shares of company stock valued at $340,018. Insiders own 2.30% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE:RGR traded up $0.17 on Tuesday, hitting $46.92. 138,140 shares of the company's stock were exchanged, compared to its average volume of 155,893. The firm's 50-day moving average is $44.99 and its 200 day moving average is $45.95. The company has a market capitalization of $828.61 million, a PE ratio of 17.19 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.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its quarterly earnings data 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 business 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%. The company's revenue was down 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.06 earnings per share. On average, analysts anticipate 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 given a dividend of $0.23 per share. This is a boost from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.17. This represents a $0.92 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, March 14th. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 33.82%.

Sturm, Ruger & Company, Inc. 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.