Prudential Financial Inc. Reduces Stock Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Prudential Financial Inc. trimmed its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 1.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,053 shares of the company’s stock after selling 300 shares during the quarter. Prudential Financial Inc.’s holdings in Sturm, Ruger & Company, Inc. were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rule One Partners LLC bought a new position in shares of Sturm, Ruger & Company, Inc. in the third quarter worth $9,142,000. Bank of New York Mellon Corp lifted its holdings in Sturm, Ruger & Company, Inc. by 12.6% during the 4th quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company’s stock worth $7,174,000 after purchasing an additional 22,736 shares in the last quarter. Inceptionr LLC bought a new position in Sturm, Ruger & Company, Inc. in the 4th quarter worth about $321,000. Allspring Global Investments Holdings LLC grew its holdings in Sturm, Ruger & Company, Inc. by 323,785.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company’s stock valued at $802,000 after buying an additional 22,665 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Sturm, Ruger & Company, Inc. by 4.5% during the 4th quarter. Rhumbline Advisers now owns 44,956 shares of the company’s stock valued at $1,590,000 after buying an additional 1,918 shares in the last quarter. Institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Price Performance

RGR opened at $37.57 on Wednesday. The firm has a market capitalization of $629.78 million, a P/E ratio of 21.23 and a beta of 0.22. Sturm, Ruger & Company, Inc. has a one year low of $34.11 and a one year high of $48.20. The company has a fifty day moving average price of $38.34 and a 200-day moving average price of $38.31.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. The company had revenue of $145.78 million during the quarter, compared to analyst estimates of $137.77 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. During the same quarter last year, the company earned $0.58 earnings per share. On average, analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.56%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, March 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 54.24%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 24th.

Sturm, Ruger & Company, Inc. Company Profile

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.