Luminus Management LLC acquired a new stake in Sturm Ruger & Company Inc (NYSE:RGR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 18,200 shares of the company’s stock, valued at approximately $1,016,000. Luminus Management LLC owned 0.10% of Sturm Ruger & Company Inc as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in RGR. Public Employees Retirement System of Ohio increased its stake in Sturm Ruger & Company Inc by 10.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,840 shares of the company’s stock valued at $114,000 after buying an additional 177 shares during the period. Macquarie Group Ltd. acquired a new position in Sturm Ruger & Company Inc in the 3rd quarter valued at approximately $129,000. SeaCrest Wealth Management LLC acquired a new position in Sturm Ruger & Company Inc in the 4th quarter valued at approximately $207,000. Yorktown Management & Research Co Inc acquired a new position in shares of Sturm Ruger & Company Inc during the 3rd quarter worth $209,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Sturm Ruger & Company Inc during the 3rd quarter worth $225,000. Hedge funds and other institutional investors own 88.69% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Sturm Ruger & Company Inc from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $64.50.
Sturm Ruger & Company Inc (NYSE:RGR) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.21). Sturm Ruger & Company Inc had a return on equity of 22.81% and a net margin of 9.98%. The business had revenue of $118.20 million for the quarter, compared to analyst estimates of $134.50 million. During the same quarter last year, the company earned $1.10 EPS. The business’s revenue for the quarter was down 26.9% compared to the same quarter last year. equities research analysts forecast that Sturm Ruger & Company Inc will post 3.98 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.23 per share. This is a positive change from Sturm Ruger & Company Inc’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.82%. Sturm Ruger & Company Inc’s dividend payout ratio is 28.97%.
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Sturm Ruger & Company Inc Company Profile
Sturm, Ruger & Company, Inc 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 principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.
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