State Street Corp raised its position in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 6.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 417,796 shares of the company’s stock after buying an additional 26,040 shares during the period. State Street Corp’s holdings in Sturm, Ruger & were worth $22,373,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE raised its position in shares of Sturm, Ruger & by 37.1% in the first quarter. Bank of America Corp DE now owns 202,487 shares of the company’s stock worth $10,843,000 after buying an additional 54,793 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Sturm, Ruger & by 22.8% in the first quarter. Oppenheimer & Co. Inc. now owns 13,212 shares of the company’s stock worth $708,000 after buying an additional 2,457 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Sturm, Ruger & by 9.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 114,313 shares of the company’s stock worth $6,122,000 after buying an additional 10,159 shares during the period. Summit Street Capital Management LLC acquired a new position in shares of Sturm, Ruger & during the first quarter worth approximately $2,603,000. Finally, BlackRock Inc. raised its position in shares of Sturm, Ruger & by 179,012.8% in the first 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 period. Institutional investors own 87.26% of the company’s stock.

Shares of Sturm, Ruger & Company, Inc. (RGR) traded up 0.20% during trading on Thursday, hitting $50.30. 61,208 shares of the stock were exchanged. The stock’s 50 day moving average price is $59.65 and its 200 day moving average price is $57.39. The firm has a market capitalization of $888.85 million and a price-to-earnings ratio of 12.75. Sturm, Ruger & Company, Inc. has a 52 week low of $47.15 and a 52 week high of $68.60.

Sturm, Ruger & (NYSE:RGR) last released its earnings results on Wednesday, August 2nd. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.54. Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The business had revenue of $131.90 million for the quarter, compared to the consensus estimate of $159.60 million. During the same period in the prior year, the business posted $1.22 EPS. Sturm, Ruger &’s revenue for the quarter was down 21.4% on a year-over-year basis. On average, equities analysts predict that Sturm, Ruger & Company, Inc. will post $4.38 earnings per share for the current year.

Sturm, Ruger & declared that its board has approved a stock buyback plan on Monday, May 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 9.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, August 11th. Sturm, Ruger &’s dividend payout ratio is currently 48.98%.

ILLEGAL ACTIVITY NOTICE: This story was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.watchlistnews.com/state-street-corp-acquires-26040-shares-of-sturm-ruger-company-inc-rgr/1470865.html.

A number of brokerages have recently commented on RGR. Zacks Investment Research lowered shares of Sturm, Ruger & from a “hold” rating to a “strong sell” rating in a report on Wednesday. BidaskClub lowered shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. ValuEngine lowered shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Forward View upgraded shares of Sturm, Ruger & from a “sell” rating to a “hold” rating in a report on Sunday, May 14th. Finally, Wunderlich lifted their price target on shares of Sturm, Ruger & from $51.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $60.00.

In related news, Director Ronald C. Whitaker sold 10,000 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $62.51, for a total transaction of $625,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark Lang sold 20,000 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $66.90, for a total transaction of $1,338,000.00. Following the transaction, the insider now directly owns 3,612 shares in the company, valued at approximately $241,642.80. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

Sturm, Ruger & Company 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.