39,170 Shares in Sturm, Ruger & Company, Inc. (NYSE:RGR) Acquired by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 39,170 shares of the company’s stock, valued at approximately $1,385,000. Freestone Grove Partners LP owned approximately 0.23% of Sturm, Ruger & Company, Inc. as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of RGR. Barclays PLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 1.1% in the 4th quarter. Barclays PLC now owns 32,453 shares of the company’s stock valued at $1,148,000 after buying an additional 356 shares during the period. Jones Financial Companies Lllp grew its stake in Sturm, Ruger & Company, Inc. by 32.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company’s stock valued at $71,000 after acquiring an additional 495 shares during the period. Martingale Asset Management L P increased its holdings in shares of Sturm, Ruger & Company, Inc. by 2.5% in the fourth quarter. Martingale Asset Management L P now owns 23,666 shares of the company’s stock worth $837,000 after acquiring an additional 588 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Sturm, Ruger & Company, Inc. by 7.2% during the fourth quarter. MetLife Investment Management LLC now owns 10,247 shares of the company’s stock worth $362,000 after purchasing an additional 692 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 12.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,206 shares of the company’s stock valued at $291,000 after purchasing an additional 907 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors and hedge funds.

Sturm, Ruger & Company, Inc. Stock Up 2.3 %

Shares of NYSE:RGR opened at $34.99 on Friday. The firm has a market cap of $579.26 million, a price-to-earnings ratio of 19.77 and a beta of 0.22. Sturm, Ruger & Company, Inc. has a 12 month low of $33.80 and a 12 month high of $47.27. The company’s fifty day simple moving average is $39.22 and its 200 day simple moving average is $38.00.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.19). The firm had revenue of $135.74 million during the quarter, compared to analyst estimates of $148.05 million. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 EPS. Research analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Friday, May 16th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 54.24%.

Analysts Set New Price Targets

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.