Axa boosted its holdings in Sturm Ruger & Company Inc (NYSE:RGR) by 6.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 22,900 shares of the company’s stock after acquiring an additional 1,400 shares during the quarter. Axa’s holdings in Sturm Ruger & Company Inc were worth $1,581,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Nomura Holdings Inc. acquired a new stake in shares of Sturm Ruger & Company Inc during the second quarter valued at about $397,000. Canada Pension Plan Investment Board acquired a new stake in shares of Sturm Ruger & Company Inc during the second quarter valued at about $386,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Sturm Ruger & Company Inc during the second quarter valued at about $227,000. Tower Research Capital LLC TRC acquired a new stake in shares of Sturm Ruger & Company Inc during the second quarter valued at about $329,000. Finally, BlueMountain Capital Management LLC boosted its stake in shares of Sturm Ruger & Company Inc by 421.4% during the second quarter. BlueMountain Capital Management LLC now owns 13,743 shares of the company’s stock valued at $770,000 after purchasing an additional 11,107 shares in the last quarter. 81.86% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Thomas Patrick Sullivan sold 3,000 shares of Sturm Ruger & Company Inc stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $54.10, for a total transaction of $162,300.00. Following the sale, the vice president now directly owns 37,810 shares of the company’s stock, valued at $2,045,521. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.60% of the company’s stock.
Shares of RGR stock opened at $51.83 on Thursday. Sturm Ruger & Company Inc has a 12 month low of $43.00 and a 12 month high of $70.00. The stock has a market cap of $935.92 million, a PE ratio of 18.00 and a beta of 0.07.
Sturm Ruger & Company Inc (NYSE:RGR) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.40). Sturm Ruger & Company Inc had a net margin of 9.95% and a return on equity of 19.95%. The firm had revenue of $114.95 million for the quarter, compared to analyst estimates of $129.80 million. During the same period in the previous year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Sell-side analysts anticipate that Sturm Ruger & Company Inc will post 2.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, November 15th. Sturm Ruger & Company Inc’s payout ratio is 29.17%.
A number of analysts have recently commented on the company. ValuEngine lowered Sturm Ruger & Company Inc from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. Zacks Investment Research lowered Sturm Ruger & Company Inc from a “hold” rating to a “strong sell” rating in a research note on Friday, November 9th.
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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. 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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