Meeder Asset Management Inc. Purchases New Shares in Sturm, Ruger & Company, Inc. $RGR

Meeder Asset Management Inc. bought a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 22,801 shares of the company’s stock, valued at approximately $863,000. Meeder Asset Management Inc. owned 0.14% of Sturm, Ruger & Company, Inc. at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in Sturm, Ruger & Company, Inc. during the 4th quarter valued at approximately $25,000. Group One Trading LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. during the first quarter valued at approximately $33,000. Parallel Advisors LLC grew its stake in Sturm, Ruger & Company, Inc. by 176.5% in the third quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock worth $49,000 after purchasing an additional 720 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Sturm, Ruger & Company, Inc. by 259.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock worth $56,000 after purchasing an additional 1,132 shares in the last quarter. Finally, Intesa Sanpaolo Wealth Management purchased a new position in Sturm, Ruger & Company, Inc. during the fourth quarter valued at $76,000. 64.00% of the stock is owned by institutional investors.

Sturm, Ruger & Company, Inc. Price Performance

RGR stock opened at $37.52 on Wednesday. The company has a market cap of $599.57 million, a P/E ratio of 50.03 and a beta of 0.19. Sturm, Ruger & Company, Inc. has a 1 year low of $28.33 and a 1 year high of $48.21. The stock’s fifty day moving average price is $38.33 and its 200-day moving average price is $39.10.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10. Sturm, Ruger & Company, Inc. had a return on equity of 6.58% and a net margin of 2.11%.The business had revenue of $158.06 million for the quarter, compared to analysts’ expectations of $128.54 million. During the same period last year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, analysts expect that Sturm, Ruger & Company, Inc. will post 1.49 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, August 14th. This represents a $0.84 annualized dividend and a dividend yield of 2.2%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 112.00%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on RGR shares. Wall Street Zen upgraded shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded shares of Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Zacks Research lowered shares of Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Finally, Lake Street Capital reissued a “buy” rating and issued a $46.00 price target on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.00.

Sturm, Ruger & Company, Inc. Profile

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.