Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,217 shares of the company’s stock after selling 413 shares during the quarter. Raymond James & Associates owned 0.10% of Sturm, Ruger & Company, Inc. worth $783,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sturm, Ruger & Company, Inc. by 59.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,066 shares of the company’s stock valued at $160,000 after acquiring an additional 1,138 shares in the last quarter. MQS Management LLC purchased a new stake in Sturm, Ruger & Company, Inc. during the 3rd quarter worth approximately $220,000. Rafferty Asset Management LLC lifted its holdings in Sturm, Ruger & Company, Inc. by 6.5% during the 3rd quarter. Rafferty Asset Management LLC now owns 5,679 shares of the company’s stock worth $296,000 after buying an additional 345 shares in the last quarter. Graham Capital Management L.P. purchased a new position in Sturm, Ruger & Company, Inc. in the 3rd quarter valued at approximately $310,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Sturm, Ruger & Company, Inc. by 6.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 6,143 shares of the company’s stock worth $320,000 after acquiring an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Christopher John Killoy sold 3,664 shares of the business’s 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 completion of the sale, the chief executive officer now owns 52,869 shares in the company, valued at approximately $2,380,691.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 7,388 shares of company stock valued at $340,018. 2.30% of the stock is owned by corporate insiders.

Sturm, Ruger & Company, Inc. Trading Up 0.4 %

Shares of NYSE RGR opened at $46.92 on Wednesday. The stock has a market cap of $828.79 million, a P/E ratio of 17.25 and a beta of 0.32. The business’s fifty day simple moving average is $45.07 and its 200-day simple moving average is $45.92. Sturm, Ruger & Company, Inc. has a 12-month low of $42.00 and a 12-month high of $58.44.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). The firm had revenue of $130.60 million during the quarter, compared to analysts’ expectations of $133.75 million. Sturm, Ruger & Company, Inc. had a net margin of 8.87% and a return on equity of 14.59%. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.06 earnings per share. On average, equities analysts forecast that Sturm, Ruger & Company, Inc. will post 3.87 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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. This represents a $0.92 annualized dividend and a 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.