JPMorgan Chase & Co. Raises Stake in Sturm, Ruger & Company, Inc. (NYSE:RGR)

JPMorgan Chase & Co. increased its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 37.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,940 shares of the company's stock after buying an additional 23,081 shares during the quarter. JPMorgan Chase & Co. owned about 0.50% of Sturm, Ruger & Company, Inc. worth $2,969,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RGR. FMR LLC lifted its position in Sturm, Ruger & Company, Inc. by 127.6% during the third quarter. FMR LLC now owns 2,572 shares of the company's stock worth $107,000 after buying an additional 1,442 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter worth $260,000. Rule One Partners LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter worth $9,142,000. Exchange Traded Concepts LLC increased its position in shares of Sturm, Ruger & Company, Inc. by 5.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 51,473 shares of the company's stock worth $1,821,000 after purchasing an additional 2,733 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Sturm, Ruger & Company, Inc. by 323,785.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company's stock valued at $802,000 after buying an additional 22,665 shares during the period. Hedge funds and other institutional investors own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Down 0.5 %

RGR stock traded down $0.20 during mid-day trading on Monday, hitting $40.13. 125,249 shares of the company were exchanged, compared to its average volume of 152,322. The firm has a market capitalization of $664.35 million, a P/E ratio of 22.67 and a beta of 0.22. The business has a fifty day simple moving average of $39.41 and a 200-day simple moving average of $38.06. Sturm, Ruger & Company, Inc. has a 12-month low of $34.11 and a 12-month high of $47.27.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62. The company had revenue of $145.78 million during the quarter, compared to analyst estimates 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 last year, the firm posted $0.58 earnings per share. Research analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.39%. 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 (DPR) is 54.24%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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. Company 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.