Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Gap Up Following Dividend Announcement

Sturm, Ruger & Company, Inc. (NYSE:RGR) gapped up before the market opened on Thursday after the company announced a dividend. The stock had previously closed at $35.46, but opened at $37.33. Sturm, Ruger & Company, Inc. shares last traded at $39.44, with a volume of 72,218 shares.

The newly announced dividend which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. This represents a $0.96 annualized dividend and a yield of 2.45%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently 25.43%.

Sturm, Ruger & Company, Inc. Stock Performance

The business has a 50-day simple moving average of $35.53 and a two-hundred day simple moving average of $38.80. The company has a market capitalization of $656.74 million, a price-to-earnings ratio of 22.60 and a beta of 0.18.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62. The firm had revenue of $145.78 million during the quarter, compared to the consensus estimate of $137.77 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.33% and a net margin of 5.83%. During the same period last year, the company earned $0.58 earnings per share. Research analysts predict that Sturm, Ruger & Company, Inc. will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning purchased a new stake in Sturm, Ruger & Company, Inc. in the 3rd quarter valued at approximately $320,000. International Assets Investment Management LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 4,075.7% in the 3rd quarter. International Assets Investment Management LLC now owns 19,041 shares of the company’s stock valued at $794,000 after buying an additional 18,585 shares during the period. Aigen Investment Management LP boosted its stake in shares of Sturm, Ruger & Company, Inc. by 7.5% in the third quarter. Aigen Investment Management LP now owns 7,510 shares of the company’s stock valued at $313,000 after buying an additional 527 shares in the last quarter. Quest Partners LLC boosted its stake in shares of Sturm, Ruger & Company, Inc. by 4,027.7% in the third quarter. Quest Partners LLC now owns 21,877 shares of the company’s stock valued at $912,000 after buying an additional 21,347 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in Sturm, Ruger & Company, Inc. by 64.4% during the third quarter. Intech Investment Management LLC now owns 12,279 shares of the company’s stock worth $512,000 after acquiring an additional 4,810 shares during the period. 64.00% of the stock is currently owned by institutional investors and hedge funds.

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 under 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.