Global X Management Co. LLC increased its position in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 5.5% during the second quarter, Holdings Channel reports. The firm owned 160,881 shares of the company’s stock after buying an additional 8,448 shares during the period. Global X Management Co. LLC’s holdings in Sturm, Ruger & were worth $9,999,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in 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. Norges Bank bought a new stake in Sturm, Ruger & during the fourth quarter worth approximately $17,900,000. Tributary Capital Management LLC bought a new stake in Sturm, Ruger & during the second quarter worth approximately $8,649,000. Vanguard Group Inc. increased its stake in Sturm, Ruger & by 4.8% in the first 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 period. Finally, Bank of America Corp DE increased its stake in 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. 87.26% of the stock is owned by institutional investors and hedge funds.

Shares of Sturm, Ruger & Company, Inc. (NYSE RGR) opened at 50.20 on Thursday. The stock’s 50 day moving average is $59.65 and its 200-day moving average is $57.39. The company has a market cap of $887.08 million and a P/E ratio of 12.72. Sturm, Ruger & Company, Inc. has a 12 month low of $47.15 and a 12 month high of $68.60.

Sturm, Ruger & (NYSE:RGR) last announced its 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. Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The company had revenue of $131.90 million during the quarter, compared to analyst estimates of $159.60 million. During the same quarter last year, the business earned $1.22 EPS. The firm’s revenue for the quarter was down 21.4% compared to the same quarter last year. On average, equities analysts forecast that Sturm, Ruger & Company, Inc. will post $4.38 EPS for the current year.

Sturm, Ruger & announced that its Board of Directors has initiated a stock buyback plan on Monday, May 8th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 9.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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

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A number of equities research analysts have commented on RGR shares. Zacks Investment Research downgraded shares of Sturm, Ruger & from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 28th. Wunderlich boosted their price objective on shares of Sturm, Ruger & from $51.00 to $62.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. ValuEngine downgraded shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Forward View raised shares of Sturm, Ruger & from a “sell” rating to a “hold” rating in a research report on Sunday, May 14th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Sturm, Ruger & presently has an average rating of “Hold” and a consensus target price of $60.00.

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

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

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