Sturm Ruger & Company Inc (NYSE:RGR) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $69.90 and last traded at $69.65, with a volume of 3822 shares changing hands. The stock had previously closed at $68.65.

A number of research firms recently issued reports on RGR. Zacks Investment Research upgraded shares of Sturm Ruger & Company Inc from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. ValuEngine upgraded shares of Sturm Ruger & Company Inc from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th.

The stock has a market capitalization of $1.17 billion, a PE ratio of 23.91 and a beta of 0.05.

Sturm Ruger & Company Inc (NYSE:RGR) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. The company had revenue of $128.41 million for the quarter, compared to analyst estimates of $133.20 million. Sturm Ruger & Company Inc had a net margin of 10.19% and a return on equity of 20.69%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. research analysts expect that Sturm Ruger & Company Inc will post 3.6 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 17th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.95%. This is a positive change from Sturm Ruger & Company Inc’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, August 16th. Sturm Ruger & Company Inc’s dividend payout ratio (DPR) is currently 47.22%.

In other Sturm Ruger & Company Inc news, Director Amir Rosenthal sold 3,500 shares of the firm’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $65.00, for a total value of $227,500.00. Following the sale, the director now directly owns 11,974 shares in the company, valued at approximately $778,310. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its position in shares of Sturm Ruger & Company Inc by 3.0% during the 2nd quarter. Rhumbline Advisers now owns 32,888 shares of the company’s stock valued at $1,842,000 after acquiring an additional 969 shares in the last quarter. Comerica Bank boosted its position in shares of Sturm Ruger & Company Inc by 1.5% during the 2nd quarter. Comerica Bank now owns 76,150 shares of the company’s stock valued at $4,280,000 after acquiring an additional 1,119 shares in the last quarter. Swiss National Bank boosted its position in shares of Sturm Ruger & Company Inc by 4.1% during the 1st quarter. Swiss National Bank now owns 30,700 shares of the company’s stock valued at $1,612,000 after acquiring an additional 1,200 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Sturm Ruger & Company Inc by 4.8% during the 2nd quarter. Legal & General Group Plc now owns 37,546 shares of the company’s stock valued at $2,121,000 after acquiring an additional 1,706 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Sturm Ruger & Company Inc by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 133,582 shares of the company’s stock valued at $7,013,000 after acquiring an additional 1,761 shares in the last quarter. Institutional investors own 89.57% of the company’s stock.

Sturm Ruger & Company Inc Company Profile (NYSE:RGR)

Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates in two segments, Firearms and Castings. The company offers single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts.

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