Sturm Ruger & Co. (RGR) To Go Ex-Dividend on November 16th
Sturm Ruger & Co. (NYSE:RGR) declared a quarterly dividend on Tuesday, November 1st. Shareholders of record on Friday, November 18th will be given a dividend of 0.41 per share on Friday, November 25th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Wednesday, November 16th.
Sturm Ruger & Co. (NYSE:RGR) opened at 50.75 on Tuesday. The firm’s 50 day moving average price is $58.11 and its 200-day moving average price is $62.45. The stock has a market cap of $962.78 million, a price-to-earnings ratio of 11.65 and a beta of 0.75. Sturm Ruger & Co. has a 1-year low of $47.15 and a 1-year high of $78.09.
In related news, Director Phillip Widman sold 4,049 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $65.29, for a total transaction of $264,359.21. Following the completion of the transaction, the director now owns 42,399 shares in the company, valued at $2,768,230.71. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Thomas Patrick Sullivan sold 5,000 shares of the business’s stock in a transaction on Friday, October 7th. The stock was sold at an average price of $55.57, for a total transaction of $277,850.00. Following the transaction, the vice president now owns 28,355 shares of the company’s stock, valued at approximately $1,575,687.35. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Zacks Investment Management purchased a new position in shares of Sturm Ruger & Co. during the second quarter worth approximately $204,000. Stevens Capital Management LP increased its position in Sturm Ruger & Co. by 5.5% in the second quarter. Stevens Capital Management LP now owns 6,636 shares of the company’s stock valued at $425,000 after buying an additional 344 shares in the last quarter. KCG Holdings Inc. bought a new position in Sturm Ruger & Co. during the third quarter valued at about $401,000. BlackRock Advisors LLC increased its position in Sturm Ruger & Co. by 2.2% in the second quarter. BlackRock Advisors LLC now owns 8,813 shares of the company’s stock valued at $564,000 after buying an additional 192 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Sturm Ruger & Co. by 6.4% in the second quarter. Thrivent Financial for Lutherans now owns 9,540 shares of the company’s stock valued at $612,000 after buying an additional 570 shares in the last quarter. Hedge funds and other institutional investors own 70.66% of the company’s stock.
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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