Deprince Race & Zollo Inc. purchased a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 92,777 shares of the company’s stock, valued at approximately $4,797,000. Deprince Race & Zollo Inc. owned 0.53% of Sturm, Ruger & at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Alps Advisors Inc. lifted its holdings in shares of Sturm, Ruger & by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,059 shares of the company’s stock worth $563,000 after purchasing an additional 23 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Sturm, Ruger & by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,965 shares of the company’s stock worth $184,000 after purchasing an additional 80 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Sturm, Ruger & by 10.6% during the second quarter. Public Employees Retirement System of Ohio now owns 1,840 shares of the company’s stock worth $114,000 after purchasing an additional 177 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Sturm, Ruger & by 7.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,880 shares of the company’s stock worth $366,000 after purchasing an additional 400 shares during the period. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of Sturm, Ruger & by 4.6% during the second quarter. Thrivent Financial For Lutherans now owns 10,860 shares of the company’s stock worth $675,000 after purchasing an additional 480 shares during the period. 83.09% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on RGR shares. BidaskClub downgraded Sturm, Ruger & from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research downgraded Sturm, Ruger & from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Aegis reaffirmed a “buy” rating and set a $67.00 price target on shares of Sturm, Ruger & in a report on Monday, August 21st. Finally, TheStreet downgraded Sturm, Ruger & from a “b-” rating to a “c” rating in a report on Thursday, August 24th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Sturm, Ruger & currently has an average rating of “Hold” and a consensus target price of $58.00.

Sturm, Ruger & Company, Inc. (RGR) traded up $0.80 during trading on Friday, reaching $50.20. The company’s stock had a trading volume of 171,030 shares, compared to its average volume of 248,196. Sturm, Ruger & Company, Inc. has a 12 month low of $44.80 and a 12 month high of $68.80. The firm has a market capitalization of $887.28 and a P/E ratio of 14.17.

Sturm, Ruger & (NYSE:RGR) last released its earnings results on Tuesday, October 31st. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.07). Sturm, Ruger & had a net margin of 11.07% and a return on equity of 26.62%. The business had revenue of $104.80 million during the quarter, compared to analyst estimates of $126.20 million. During the same period last year, the business posted $1.21 EPS. Sturm, Ruger &’s revenue was down 35.1% compared to the same quarter last year. equities analysts anticipate that Sturm, Ruger & Company, Inc. will post 3.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Tuesday, November 14th. Sturm, Ruger &’s dividend payout ratio (DPR) is currently 24.63%.

WARNING: This piece was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.watchlistnews.com/deprince-race-zollo-inc-takes-4-80-million-position-in-sturm-ruger-company-inc-rgr/1711926.html.

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.

Want to see what other hedge funds are holding RGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sturm, Ruger & Company, Inc. (NYSE:RGR).

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

Receive News & Ratings for Sturm Ruger & Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sturm Ruger & Company Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.