Assenagon Asset Management S.A. Purchases New Holdings in Sturm, Ruger & Company, Inc. $RGR

Assenagon Asset Management S.A. acquired a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 44,410 shares of the company’s stock, valued at approximately $1,931,000.

A number of other hedge funds have also made changes to their positions in RGR. Public Sector Pension Investment Board boosted its stake in shares of Sturm, Ruger & Company, Inc. by 5.9% in the second quarter. Public Sector Pension Investment Board now owns 56,394 shares of the company’s stock worth $2,025,000 after acquiring an additional 3,130 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Sturm, Ruger & Company, Inc. by 291.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,031 shares of the company’s stock valued at $109,000 after purchasing an additional 2,257 shares during the last quarter. Vident Advisory LLC lifted its holdings in Sturm, Ruger & Company, Inc. by 5.0% in the 2nd quarter. Vident Advisory LLC now owns 15,699 shares of the company’s stock valued at $564,000 after purchasing an additional 754 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Sturm, Ruger & Company, Inc. by 1.5% in the 2nd quarter. Lazard Asset Management LLC now owns 60,012 shares of the company’s stock valued at $2,154,000 after purchasing an additional 862 shares in the last quarter. Finally, Brevan Howard Capital Management LP boosted its stake in Sturm, Ruger & Company, Inc. by 8.4% during the 2nd quarter. Brevan Howard Capital Management LP now owns 8,028 shares of the company’s stock worth $288,000 after purchasing an additional 620 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Stock Up 0.8%

Shares of Sturm, Ruger & Company, Inc. stock opened at $32.31 on Wednesday. The firm has a market cap of $515.04 million, a PE ratio of 248.55 and a beta of 0.23. Sturm, Ruger & Company, Inc. has a 52 week low of $28.33 and a 52 week high of $48.21. The business’s fifty day simple moving average is $35.70 and its 200-day simple moving average is $36.69.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). Sturm, Ruger & Company, Inc. had a return on equity of 8.76% and a net margin of 0.48%.The business had revenue of $126.77 million for the quarter, compared to analyst estimates of $124.22 million. During the same period in the previous year, the business posted $0.28 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were given a dividend of $0.04 per share. The ex-dividend date was Monday, November 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 123.08%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

About Sturm, Ruger & Company, Inc.

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.