Meeder Asset Management Inc. Takes $481,000 Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Meeder Asset Management Inc. bought a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 13,585 shares of the company’s stock, valued at approximately $481,000.

Other hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in shares of Sturm, Ruger & Company, Inc. by 32.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company’s stock worth $71,000 after buying an additional 495 shares during the period. HighTower Advisors LLC grew its position in Sturm, Ruger & Company, Inc. by 9.2% during the 3rd quarter. HighTower Advisors LLC now owns 10,162 shares of the company’s stock worth $432,000 after acquiring an additional 854 shares during the last quarter. FMR LLC increased its stake in Sturm, Ruger & Company, Inc. by 127.6% in the 3rd quarter. FMR LLC now owns 2,572 shares of the company’s stock worth $107,000 after purchasing an additional 1,442 shares during the period. Rhumbline Advisers lifted its position in Sturm, Ruger & Company, Inc. by 4.5% in the fourth quarter. Rhumbline Advisers now owns 44,956 shares of the company’s stock valued at $1,590,000 after purchasing an additional 1,918 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Sturm, Ruger & Company, Inc. by 2.4% during the fourth quarter. Principal Financial Group Inc. now owns 81,537 shares of the company’s stock valued at $2,884,000 after purchasing an additional 1,937 shares during the period. 64.00% of the stock is owned by institutional investors.

Sturm, Ruger & Company, Inc. Trading Down 0.2 %

Shares of NYSE:RGR opened at $39.34 on Tuesday. The company has a 50-day moving average price of $38.01 and a 200-day moving average price of $38.44. The company has a market cap of $659.47 million, a price-to-earnings ratio of 22.23 and a beta of 0.15. Sturm, Ruger & Company, Inc. has a 12 month low of $34.11 and a 12 month high of $48.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62. The business had revenue of $145.78 million during the quarter, compared to analysts’ expectations 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 business posted $0.58 EPS. As a group, research analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 2.44%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s payout ratio is 54.24%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research note 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.