Aigen Investment Management LP Increases Stake in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Aigen Investment Management LP lifted its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 57.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,859 shares of the company’s stock after acquiring an additional 4,349 shares during the period. Aigen Investment Management LP owned 0.07% of Sturm, Ruger & Company, Inc. worth $419,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 32.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company’s stock worth $71,000 after acquiring an additional 495 shares during the period. FMR LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 127.6% during the 3rd quarter. FMR LLC now owns 2,572 shares of the company’s stock worth $107,000 after acquiring an additional 1,442 shares during the period. Virtu Financial LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter worth about $260,000. Paloma Partners Management Co purchased a new position in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter worth about $280,000. Finally, Centiva Capital LP purchased a new position in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter worth about $319,000. 64.00% of the stock is currently owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Stock Performance

RGR opened at $39.63 on Friday. The firm has a 50 day moving average price of $36.55 and a 200 day moving average price of $38.69. The company has a market cap of $664.28 million, a PE ratio of 22.39 and a beta of 0.15. Sturm, Ruger & Company, Inc. has a 1 year low of $34.11 and a 1 year high of $48.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 net margin of 5.70% and a return on equity of 9.49%. During the same quarter in the prior year, the company earned $0.58 EPS. On average, sell-side analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 yield of 2.42%. The ex-dividend date 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%.

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 report on Monday, February 24th.

About Sturm, Ruger & Company, Inc.

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.