American Century Companies Inc. Sells 9,874 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

American Century Companies Inc. reduced its position in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 164,019 shares of the company's stock after selling 9,874 shares during the period. American Century Companies Inc. owned about 0.98% of Sturm, Ruger & Company, Inc. worth $5,801,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of RGR. Rule One Partners LLC bought a new position in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter valued at $9,142,000. Weiss Asset Management LP bought a new position in Sturm, Ruger & Company, Inc. in the 3rd quarter worth approximately $2,065,000. Bank of New York Mellon Corp grew its stake in Sturm, Ruger & Company, Inc. by 12.6% during the fourth quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company's stock valued at $7,174,000 after acquiring an additional 22,736 shares in the last quarter. Inceptionr LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. during the fourth quarter valued at about $321,000. Finally, Allspring Global Investments Holdings LLC increased its stake 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 worth $802,000 after acquiring an additional 22,665 shares during the last quarter. Hedge funds and other institutional investors own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Price Performance

Shares of NYSE:RGR traded up $0.64 during trading hours on Wednesday, hitting $38.21. 186,425 shares of the company's stock traded hands, compared to its average volume of 153,386. Sturm, Ruger & Company, Inc. has a 1 year low of $34.11 and a 1 year high of $47.28. The firm has a market capitalization of $640.48 million, a P/E ratio of 21.59 and a beta of 0.22. The business has a fifty day moving average price of $38.43 and a 200-day moving average price of $38.28.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released 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 period in the previous year, the company earned $0.58 EPS. As a group, equities analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.24 per share. This is an increase from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.51%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is 54.24%.

Wall Street Analyst Weigh In

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.

About Sturm, Ruger & Company, Inc.

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.