Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 112.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,063 shares of the company’s stock after acquiring an additional 6,920 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.07% of Sturm, Ruger & Company, Inc. worth $594,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in Sturm, Ruger & Company, Inc. by 5.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,552 shares of the company’s stock valued at $226,000 after purchasing an additional 173 shares in the last quarter. Eaton Vance Management lifted its stake in Sturm, Ruger & Company, Inc. by 1.8% in the 1st quarter. Eaton Vance Management now owns 9,908 shares of the company’s stock valued at $690,000 after buying an additional 178 shares in the last quarter. Morgan Dempsey Capital Management LLC boosted its holdings in Sturm, Ruger & Company, Inc. by 23.0% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,341 shares of the company’s stock worth $93,000 after buying an additional 251 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Sturm, Ruger & Company, Inc. by 1.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 15,883 shares of the company’s stock worth $1,134,000 after buying an additional 272 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its position in shares of Sturm, Ruger & Company, Inc. by 7.3% in the first quarter. Raymond James Trust N.A. now owns 4,376 shares of the company’s stock valued at $304,000 after acquiring an additional 296 shares in 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 opened at $46.13 on Friday. Sturm, Ruger & Company, Inc. has a 1 year low of $42.00 and a 1 year high of $58.44. The firm has a market capitalization of $814.57 million, a PE ratio of 16.96 and a beta of 0.32. The business’s 50 day moving average price is $44.91 and its 200-day moving average price is $46.10.

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

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, March 14th. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.17. This represents a $0.92 dividend on an annualized basis and a yield of 1.99%. Sturm, Ruger & Company, Inc.’s payout ratio is presently 33.82%.

Insider Activity at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, CEO Christopher John Killoy sold 554 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $47.00, for a total value of $26,038.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 7,388 shares of company stock valued at $340,018. Corporate insiders own 2.30% of the company’s stock.

About Sturm, Ruger & Company, Inc.

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.