Sturm Ruger & Company Inc (RGR) Shares Sold by US Bancorp DE

Share on StockTwits

US Bancorp DE lessened its holdings in shares of Sturm Ruger & Company Inc (NYSE:RGR) by 15.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,440 shares of the company’s stock after selling 7,038 shares during the period. US Bancorp DE owned about 0.23% of Sturm Ruger & Company Inc worth $2,208,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RGR. Old Mutual Global Investors UK Ltd. purchased a new position in Sturm Ruger & Company Inc during the 1st quarter valued at about $11,362,000. BlackRock Inc. increased its holdings in Sturm Ruger & Company Inc by 5.6% during the 1st quarter. BlackRock Inc. now owns 3,112,897 shares of the company’s stock valued at $163,427,000 after purchasing an additional 164,430 shares during the period. Landscape Capital Management L.L.C. purchased a new position in Sturm Ruger & Company Inc during the 1st quarter valued at about $7,137,000. Russell Investments Group Ltd. increased its holdings in Sturm Ruger & Company Inc by 58.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 259,821 shares of the company’s stock valued at $14,558,000 after purchasing an additional 95,983 shares during the period. Finally, Comerica Bank increased its holdings in Sturm Ruger & Company Inc by 110.2% during the 1st quarter. Comerica Bank now owns 75,031 shares of the company’s stock valued at $4,205,000 after purchasing an additional 39,344 shares during the period. Institutional investors own 89.58% of the company’s stock.

In other Sturm Ruger & Company Inc news, Director Amir Rosenthal sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $65.00, for a total transaction of $227,500.00. Following the transaction, the director now 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 can be accessed through this hyperlink. 4.60% of the stock is currently owned by corporate insiders.

RGR stock opened at $65.30 on Wednesday. Sturm Ruger & Company Inc has a fifty-two week low of $43.00 and a fifty-two week high of $66.35. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 23.71 and a beta of 0.04.

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

The company also recently announced a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 17th were issued a dividend of $0.34 per share. This is an increase from Sturm Ruger & Company Inc’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.08%. Sturm Ruger & Company Inc’s dividend payout ratio is 47.22%.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Sturm Ruger & Company Inc from a “hold” rating to a “sell” rating in a report on Friday, May 25th. ValuEngine upgraded Sturm Ruger & Company Inc from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th.

About Sturm Ruger & Company Inc

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.

Featured Story: Trading Strategy Methods for Individual Investors

Want to see what other hedge funds are holding RGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sturm Ruger & Company Inc (NYSE:RGR).

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

Receive News & Ratings for Sturm Ruger & Company Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sturm Ruger & Company Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply