Nationwide Fund Advisors Buys 11,139 Shares of Sturm Ruger & Company Inc (RGR)

Nationwide Fund Advisors boosted its position in Sturm Ruger & Company Inc (NYSE:RGR) by 113.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,977 shares of the company’s stock after buying an additional 11,139 shares during the period. Nationwide Fund Advisors owned approximately 0.12% of Sturm Ruger & Company Inc worth $1,085,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp increased its position in Sturm Ruger & Company Inc by 2.0% in the 2nd quarter. State Street Corp now owns 426,242 shares of the company’s stock valued at $26,493,000 after buying an additional 8,446 shares in the last quarter. LSV Asset Management increased its position in Sturm Ruger & Company Inc by 730.5% in the 2nd quarter. LSV Asset Management now owns 291,500 shares of the company’s stock valued at $18,116,000 after buying an additional 256,400 shares in the last quarter. Tributary Capital Management LLC increased its position in Sturm Ruger & Company Inc by 71.2% in the 3rd quarter. Tributary Capital Management LLC now owns 238,312 shares of the company’s stock valued at $12,321,000 after buying an additional 99,150 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Sturm Ruger & Company Inc by 11.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 127,854 shares of the company’s stock valued at $7,947,000 after buying an additional 13,541 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Sturm Ruger & Company Inc by 132.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 107,291 shares of the company’s stock valued at $6,668,000 after buying an additional 61,146 shares in the last quarter. 84.54% of the stock is owned by institutional investors and hedge funds.

Shares of Sturm Ruger & Company Inc (RGR) opened at $52.90 on Friday. The company has a market capitalization of $921.96, a P/E ratio of 15.51 and a beta of 0.07. Sturm Ruger & Company Inc has a twelve month low of $44.80 and a twelve month high of $68.80.

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

A number of analysts recently commented on the company. Aegis reaffirmed a “buy” rating and issued a $67.00 target price on shares of Sturm Ruger & Company Inc in a research report on Friday, October 6th. Zacks Investment Research lowered Sturm Ruger & Company Inc from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $58.00.

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Sturm Ruger & Company Inc 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.

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

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