Hancock Holding Co. Buys Shares of 13,300 Sturm Ruger & Co. (RGR)
Hancock Holding Co. bought a new stake in shares of Sturm Ruger & Co. (NYSE:RGR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,300 shares of the company’s stock, valued at approximately $851,000. Hancock Holding Co. owned about 0.07% of Sturm Ruger & Co. as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the stock. Bogle Investment Management L P DE purchased a new stake in shares of Sturm Ruger & Co. during the first quarter valued at approximately $7,489,000. UBS Group AG increased its stake in shares of Sturm Ruger & Co. by 11.5% in the first quarter. UBS Group AG now owns 11,738 shares of the company’s stock valued at $802,000 after buying an additional 1,207 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Sturm Ruger & Co. during the first quarter valued at approximately $202,000. Menta Capital LLC purchased a new stake in shares of Sturm Ruger & Co. during the first quarter valued at approximately $465,000. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Sturm Ruger & Co. by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 451,823 shares of the company’s stock valued at $30,896,000 after buying an additional 8,611 shares in the last quarter. Institutional investors own 70.69% of the company’s stock.
Shares of Sturm Ruger & Co. (NYSE:RGR) traded up 1.89% during trading on Monday, reaching $56.13. 96,625 shares of the company traded hands. The stock has a market capitalization of $1.06 billion, a P/E ratio of 14.26 and a beta of 1.09. Sturm Ruger & Co. has a 12-month low of $48.10 and a 12-month high of $78.09. The firm’s 50 day moving average is $64.28 and its 200-day moving average is $66.20.
Sturm Ruger & Co. (NYSE:RGR) last posted its earnings results on Tuesday, August 2nd. The company reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.07. The company earned $167.90 million during the quarter, compared to analysts’ expectations of $164.30 million. Sturm Ruger & Co. had a net margin of 12.35% and a return on equity of 32.40%. On average, equities research analysts anticipate that Sturm Ruger & Co. will post $3.78 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.51%. This is a boost from Sturm Ruger & Co.’s previous quarterly dividend of $0.48. The ex-dividend date was Wednesday, August 10th. Sturm Ruger & Co.’s dividend payout ratio (DPR) is presently 49.87%.
Several brokerages have recently commented on RGR. BB&T Corp. downgraded Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a research note on Monday, June 6th. Zacks Investment Research cut shares of Sturm Ruger & Co. from a “hold” rating to a “strong sell” rating in a research report on Friday, June 10th.
About Sturm Ruger & Co.
Sturm, Ruger & Company, Inc and subsidiary, 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 to a range of federally licensed, independent wholesale distributors located in the United States.
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