Schroder Investment Management Group lowered its position in shares of Sturm Ruger & Co. (NYSE:RGR) by 23.1% during the second quarter, Holdings Channel reports. The firm owned 14,850 shares of the company’s stock after selling 4,456 shares during the period. Schroder Investment Management Group owned approximately 0.08% of Sturm Ruger & Co. worth $951,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of RGR. Renaissance Technologies LLC increased its stake in Sturm Ruger & Co. by 90.1% in the first quarter. Renaissance Technologies LLC now owns 354,700 shares of the company’s stock worth $24,254,000 after buying an additional 168,100 shares during the last quarter. Norges Bank bought a new position in shares of Sturm Ruger & Co. during the fourth quarter worth approximately $9,327,000. Bogle Investment Management L P DE bought a new position in shares of Sturm Ruger & Co. during the first quarter worth approximately $7,489,000. Acadian Asset Management LLC bought a new position in shares of Sturm Ruger & Co. during the first quarter worth approximately $5,213,000. Finally, HBK Investments L P bought a new position in shares of Sturm Ruger & Co. during the first quarter worth approximately $2,106,000. Hedge funds and other institutional investors own 70.69% of the company’s stock.
Sturm Ruger & Co. (NYSE:RGR) traded up 0.64% during trading on Friday, hitting $56.58. The stock had a trading volume of 228,154 shares. Sturm Ruger & Co. has a 12 month low of $48.10 and a 12 month high of $78.09. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 14.38 and a beta of 1.09. The stock has a 50 day moving average price of $61.37 and a 200-day moving average price of $65.34.
Sturm Ruger & Co. (NYSE:RGR) last released its earnings results on Tuesday, August 2nd. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.07. Sturm Ruger & Co. had a return on equity of 32.40% and a net margin of 12.35%. The firm earned $167.90 million during the quarter, compared to analysts’ expectations of $164.30 million. On average, equities analysts predict that Sturm Ruger & Co. will post $3.78 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $1.96 annualized dividend and a dividend yield of 3.46%. This is a boost from Sturm Ruger & Co.’s previous quarterly dividend of $0.48. Sturm Ruger & Co.’s dividend payout ratio (DPR) is currently 49.87%.
A number of equities analysts have commented on the company. Zacks Investment Research cut Sturm Ruger & Co. from a “hold” rating to a “strong sell” rating in a research note on Friday, June 10th. BB&T Corp. cut Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a research note on Monday, June 6th.
Sturm Ruger & Co. Company Profile
Sturm, Ruger & Company, Inc and subsidiary, is engaged in the design, manufacture and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols and revolvers to a range of federally licensed, independent wholesale distributors located in the United States.
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