Starr International Co. Inc. bought a new position in Sturm Ruger & Company Inc (NYSE:RGR) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 31,651 shares of the company’s stock, valued at approximately $1,678,000. Starr International Co. Inc. owned about 0.18% of Sturm Ruger & Company Inc at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in RGR. Canada Pension Plan Investment Board purchased a new stake in Sturm Ruger & Company Inc during the 4th quarter worth approximately $8,871,000. PNC Financial Services Group Inc. lifted its stake in shares of Sturm Ruger & Company Inc by 8.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,993 shares of the company’s stock valued at $160,000 after purchasing an additional 235 shares during the period. AQR Capital Management LLC grew its holdings in shares of Sturm Ruger & Company Inc by 10.3% during the third quarter. AQR Capital Management LLC now owns 66,108 shares of the company’s stock worth $4,565,000 after buying an additional 6,162 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Sturm Ruger & Company Inc by 383.8% during the third quarter. JPMorgan Chase & Co. now owns 19,331 shares of the company’s stock worth $1,335,000 after buying an additional 15,335 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Sturm Ruger & Company Inc by 24.6% during the fourth quarter. Rhumbline Advisers now owns 39,379 shares of the company’s stock worth $2,096,000 after buying an additional 7,766 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Sturm Ruger & Company Inc from a “hold” rating to a “sell” rating in a report on Friday, March 1st.
In other news, VP Thomas Patrick Sullivan sold 3,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $55.47, for a total transaction of $166,410.00. Following the sale, the vice president now owns 38,740 shares of the company’s stock, valued at $2,148,907.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.10% of the stock is currently owned by corporate insiders.
Shares of RGR traded down $0.36 during mid-day trading on Friday, reaching $51.87. The stock had a trading volume of 99,981 shares, compared to its average volume of 156,189. The company has a current ratio of 4.08, a quick ratio of 3.42 and a debt-to-equity ratio of 0.01. Sturm Ruger & Company Inc has a 52-week low of $49.52 and a 52-week high of $70.00. The firm has a market capitalization of $911.66 million, a P/E ratio of 18.01 and a beta of 0.27.
Sturm Ruger & Company Inc (NYSE:RGR) last posted its earnings results on Wednesday, February 20th. The company reported $0.69 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.10). Sturm Ruger & Company Inc had a net margin of 10.39% and a return on equity of 19.08%. The company had revenue of $121.10 million during the quarter, compared to analyst estimates of $124.10 million. During the same period in the previous year, the company earned $0.56 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from Sturm Ruger & Company Inc’s previous quarterly dividend of $0.28. Sturm Ruger & Company Inc’s dividend payout ratio is currently 40.28%.
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Sturm Ruger & Company Inc Company Profile
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. It 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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