JPMorgan Chase & Co. Decreases Holdings in Sturm, Ruger & Company, Inc. $RGR

JPMorgan Chase & Co. trimmed its position in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 16.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 69,625 shares of the company’s stock after selling 13,611 shares during the quarter. JPMorgan Chase & Co.’s holdings in Sturm, Ruger & Company, Inc. were worth $3,027,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS Group AG lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 31.1% during the 3rd quarter. UBS Group AG now owns 514,510 shares of the company’s stock valued at $22,366,000 after purchasing an additional 122,111 shares during the last quarter. Two Sigma Investments LP grew its stake in Sturm, Ruger & Company, Inc. by 118.7% during the 3rd quarter. Two Sigma Investments LP now owns 198,936 shares of the company’s stock worth $8,648,000 after buying an additional 107,977 shares during the last quarter. AQR Capital Management LLC increased its position in Sturm, Ruger & Company, Inc. by 239.4% during the 1st quarter. AQR Capital Management LLC now owns 100,834 shares of the company’s stock valued at $3,962,000 after buying an additional 71,128 shares in the last quarter. Russell Investments Group Ltd. increased its position in Sturm, Ruger & Company, Inc. by 2,446.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 61,031 shares of the company’s stock valued at $2,653,000 after buying an additional 58,634 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Sturm, Ruger & Company, Inc. in the third quarter valued at about $1,931,000. 64.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Zacks Research lowered Sturm, Ruger & Company, Inc. from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Friday, March 27th. Finally, Lake Street Capital boosted their target price on shares of Sturm, Ruger & Company, Inc. from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $43.00.

Sturm, Ruger & Company, Inc. Stock Performance

Sturm, Ruger & Company, Inc. stock opened at $41.17 on Friday. The business’s 50-day simple moving average is $38.55 and its two-hundred day simple moving average is $37.74. The company has a market cap of $656.25 million, a PE ratio of -147.04 and a beta of 0.15. Sturm, Ruger & Company, Inc. has a fifty-two week low of $28.33 and a fifty-two week high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Monday, March 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). Sturm, Ruger & Company, Inc. had a positive return on equity of 6.93% and a negative net margin of 0.80%.The firm had revenue of $151.06 million during the quarter, compared to analysts’ expectations of $139.24 million. During the same quarter in the previous year, the business earned $0.62 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.04. Sturm, Ruger & Company, Inc.’s payout ratio is -114.29%.

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.