Norges Bank bought a new stake in shares of Sturm Ruger & Company Inc (NYSE:RGR) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 356,251 shares of the company’s stock, valued at approximately $18,959,000.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc raised its holdings in shares of Sturm Ruger & Company Inc by 2.2% during the third quarter. Vanguard Group Inc now owns 1,740,584 shares of the company’s stock valued at $120,188,000 after acquiring an additional 36,905 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Sturm Ruger & Company Inc by 2.2% during the third quarter. Vanguard Group Inc. now owns 1,740,584 shares of the company’s stock valued at $120,188,000 after acquiring an additional 36,905 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Sturm Ruger & Company Inc by 6.8% during the third quarter. Bank of New York Mellon Corp now owns 283,648 shares of the company’s stock valued at $19,586,000 after acquiring an additional 18,170 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Sturm Ruger & Company Inc by 10.6% during the fourth quarter. Geode Capital Management LLC now owns 199,413 shares of the company’s stock valued at $10,612,000 after acquiring an additional 19,044 shares in the last quarter. Finally, Tributary Capital Management LLC raised its holdings in shares of Sturm Ruger & Company Inc by 0.6% during the fourth quarter. Tributary Capital Management LLC now owns 181,589 shares of the company’s stock valued at $9,664,000 after acquiring an additional 1,046 shares in the last quarter. Institutional investors own 77.79% of the company’s stock.

Shares of NYSE:RGR opened at $56.07 on Thursday. Sturm Ruger & Company Inc has a 1-year low of $49.52 and a 1-year high of $70.00. The firm has a market cap of $951.64 million, a PE ratio of 18.93 and a beta of 0.24.

Sturm Ruger & Company Inc (NYSE:RGR) last released its quarterly earnings data on Wednesday, February 20th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.10). Sturm Ruger & Company Inc had a net margin of 10.28% and a return on equity of 20.25%. The business had revenue of $121.10 million for the quarter, compared to analysts’ expectations of $124.10 million. During the same period last year, the business earned $0.56 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Sturm Ruger & Company Inc’s previous quarterly dividend of $0.21. This represents a $1.12 annualized dividend and a dividend yield of 2.00%. Sturm Ruger & Company Inc’s dividend payout ratio (DPR) is 38.89%.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Sturm Ruger & Company Inc from a “hold” rating to a “sell” rating in a report on Friday, March 1st. ValuEngine downgraded Sturm Ruger & Company Inc from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd.

TRADEMARK VIOLATION WARNING: “Norges Bank Invests $18.96 Million in Sturm Ruger & Company Inc (RGR)” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2019/04/25/norges-bank-invests-18-96-million-in-sturm-ruger-company-inc-rgr.html.

Sturm Ruger & Company Inc Company Profile

Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates in two segments, Firearms and Castings. It offers single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts.

Featured Article: Debt-To-Equity Ratio

Want to see what other hedge funds are holding RGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sturm Ruger & Company Inc (NYSE:RGR).

Institutional Ownership by Quarter for Sturm Ruger & Company Inc (NYSE:RGR)

Receive News & Ratings for Sturm Ruger & Company Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sturm Ruger & Company Inc and related companies with MarketBeat.com's FREE daily email newsletter.