Insider Selling: Sturm Ruger & Co. (RGR) Director Sells $264,359.21 in Stock
Sturm Ruger & Co. (NYSE:RGR) Director Phillip Widman sold 4,049 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $65.29, for a total transaction of $264,359.21. Following the sale, the director now owns 42,399 shares in the company, valued at $2,768,230.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Sturm Ruger & Co. (NYSE:RGR) opened at 48.45 on Friday. Sturm Ruger & Co. has a 52 week low of $48.00 and a 52 week high of $78.09. The firm’s 50-day moving average is $58.35 and its 200-day moving average is $62.59. The stock has a market capitalization of $919.14 million, a price-to-earnings ratio of 12.31 and a beta of 0.75.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, November 18th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.38%. The ex-dividend date is Wednesday, November 16th. Sturm Ruger & Co.’s dividend payout ratio (DPR) is 45.16%.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Sturm Ruger & Co. by 8.9% in the second quarter. Vanguard Group Inc. now owns 1,974,713 shares of the company’s stock valued at $126,403,000 after buying an additional 162,084 shares during the period. BlackRock Fund Advisors raised its stake in Sturm Ruger & Co. by 7.8% in the third quarter. BlackRock Fund Advisors now owns 1,444,829 shares of the company’s stock worth $83,453,000 after buying an additional 104,383 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Sturm Ruger & Co. by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 647,150 shares of the company’s stock worth $41,424,000 after buying an additional 64,047 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Sturm Ruger & Co. by 1.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 457,714 shares of the company’s stock worth $26,438,000 after buying an additional 8,178 shares during the last quarter. Finally, State Street Corp raised its stake in Sturm Ruger & Co. by 0.5% in the second quarter. State Street Corp now owns 358,080 shares of the company’s stock worth $22,921,000 after buying an additional 1,926 shares during the last quarter. 70.74% of the stock is currently owned by institutional investors.
About Sturm Ruger & Co.
Sturm, Ruger & Company, Inc and subsidiary, 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 to a range of federally licensed, independent wholesale distributors located in the United States.
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