Capital World Investors reduced its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 1.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,490,248 shares of the company’s stock after selling 20,040 shares during the quarter. Capital World Investors owned approximately 8.43% of Sturm, Ruger & worth $92,619,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of RGR. BlackRock Inc. lifted its position in shares of Sturm, Ruger & by 179,012.8% in the 1st quarter. BlackRock Inc. now owns 2,663,408 shares of the company’s stock worth $142,625,000 after buying an additional 2,661,921 shares during the last quarter. LSV Asset Management lifted its position in shares of Sturm, Ruger & by 730.5% in the 2nd quarter. LSV Asset Management now owns 291,500 shares of the company’s stock worth $18,116,000 after buying an additional 256,400 shares during the last quarter. Global X Management Co. LLC bought a new position in shares of Sturm, Ruger & in the 1st quarter worth about $8,163,000. Tributary Capital Management LLC bought a new position in shares of Sturm, Ruger & in the 2nd quarter worth about $8,649,000. Finally, Vanguard Group Inc. lifted its position in shares of Sturm, Ruger & by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 2,321,126 shares of the company’s stock worth $124,296,000 after buying an additional 105,980 shares during the last quarter. Institutional investors own 82.17% of the company’s stock.

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Sturm, Ruger & Company, Inc. (NYSE:RGR) opened at 54.15 on Friday. Sturm, Ruger & Company, Inc. has a 52-week low of $44.80 and a 52-week high of $68.60. The stock has a 50 day moving average of $49.51 and a 200-day moving average of $57.02. The company has a market capitalization of $956.88 million, a P/E ratio of 13.72 and a beta of 0.05.

Sturm, Ruger & (NYSE:RGR) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.54). The business had revenue of $131.90 million during the quarter, compared to the consensus estimate of $159.60 million. Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The company’s quarterly revenue was down 21.4% compared to the same quarter last year. During the same period last year, the firm earned $1.22 EPS. On average, equities analysts forecast that Sturm, Ruger & Company, Inc. will post $3.60 earnings per share for the current year.

A number of research analysts have recently issued reports on RGR shares. TheStreet downgraded shares of Sturm, Ruger & from a “b-” rating to a “c” rating in a research report on Thursday, August 24th. Aegis restated a “buy” rating and issued a $67.00 price target on shares of Sturm, Ruger & in a research report on Monday, August 21st. Zacks Investment Research downgraded shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a research report on Saturday, July 15th. Finally, BidaskClub downgraded shares of Sturm, Ruger & from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Sturm, Ruger & presently has a consensus rating of “Hold” and an average price target of $58.00.

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.

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

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