Semanteon Capital Management LP Invests $733,000 in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Semanteon Capital Management LP bought a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,718 shares of the company’s stock, valued at approximately $733,000. Semanteon Capital Management LP owned 0.12% of Sturm, Ruger & Company, Inc. at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RGR. Intech Investment Management LLC lifted its position in Sturm, Ruger & Company, Inc. by 64.4% in the third quarter. Intech Investment Management LLC now owns 12,279 shares of the company’s stock worth $512,000 after purchasing an additional 4,810 shares during the period. FMR LLC lifted its position in Sturm, Ruger & Company, Inc. by 127.6% in the third 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. Paloma Partners Management Co acquired a new stake in Sturm, Ruger & Company, Inc. in the third quarter worth approximately $280,000. Centiva Capital LP acquired a new stake in Sturm, Ruger & Company, Inc. in the third quarter worth approximately $319,000. Finally, HighTower Advisors LLC lifted its position in Sturm, Ruger & Company, Inc. by 9.2% in the third quarter. HighTower Advisors LLC now owns 10,162 shares of the company’s stock worth $432,000 after purchasing an additional 854 shares during the period. 64.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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. Stock Performance

Shares of NYSE:RGR opened at $39.45 on Friday. Sturm, Ruger & Company, Inc. has a one year low of $34.11 and a one year high of $48.20. The stock has a fifty day moving average of $37.56 and a 200-day moving average of $38.54. The company has a market capitalization of $661.29 million, a PE ratio of 22.29 and a beta of 0.15.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.62 EPS for the quarter, meeting analysts’ consensus estimates of $0.62. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The company had revenue of $145.78 million during the quarter, compared to the consensus estimate of $137.77 million. During the same quarter in the prior year, the firm earned $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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 54.24%.

About Sturm, Ruger & Company, Inc.

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.