Fort L.P. bought a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,539 shares of the company’s stock, valued at approximately $717,000. Fort L.P. owned 0.07% of Sturm, Ruger & as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Dubuque Bank & Trust Co. purchased a new stake in Sturm, Ruger & in the 2nd quarter worth approximately $128,000. Envestnet Asset Management Inc. grew its stake in Sturm, Ruger & by 5.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,336 shares of the company’s stock worth $124,000 after acquiring an additional 116 shares during the period. PNC Financial Services Group Inc. grew its stake in Sturm, Ruger & by 27.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,885 shares of the company’s stock worth $155,000 after acquiring an additional 624 shares during the period. Atria Investments LLC purchased a new stake in Sturm, Ruger & in the 2nd quarter worth approximately $209,000. Finally, State of Alaska Department of Revenue grew its stake in Sturm, Ruger & by 74.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,484 shares of the company’s stock worth $216,000 after acquiring an additional 1,484 shares during the period. 82.17% of the stock is owned by hedge funds and other institutional investors.
Shares of Sturm, Ruger & Company, Inc. (RGR) traded up 0.11% during trading on Monday, hitting $47.35. 39,744 shares of the company’s stock were exchanged. The firm has a market capitalization of $836.72 million, a PE ratio of 12.00 and a beta of 0.07. Sturm, Ruger & Company, Inc. has a 1-year low of $44.80 and a 1-year high of $68.80. The stock’s 50 day moving average is $49.52 and its 200 day moving average is $56.88.
Sturm, Ruger & (NYSE:RGR) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.54). The company had revenue of $131.90 million during the quarter, compared to analyst estimates of $159.60 million. Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The firm’s quarterly revenue was down 21.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.22 EPS. On average, equities research analysts forecast that Sturm, Ruger & Company, Inc. will post $3.60 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were paid a $0.23 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.92 annualized dividend and a yield of 1.95%. Sturm, Ruger &’s dividend payout ratio is presently 23.47%.
Several research firms have commented on RGR. BidaskClub cut shares of Sturm, Ruger & from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered shares of Sturm, Ruger & from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. ValuEngine lowered shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Aegis reiterated a “buy” rating and issued a $67.00 price target on shares of Sturm, Ruger & in a report on Monday, August 21st. Finally, TheStreet lowered shares of Sturm, Ruger & from a “b-” rating to a “c” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $61.75.
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In other Sturm, Ruger & news, insider Mark Lang sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $66.90, for a total value of $1,338,000.00. Following the transaction, the insider now owns 3,612 shares in the company, valued at approximately $241,642.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 400 shares of company stock worth $19,925. Company insiders own 3.90% of the company’s stock.
Sturm, Ruger & Profile
Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.
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