Virginia Retirement Systems ET AL trimmed its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,800 shares of the company’s stock after selling 100 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Sturm, Ruger & were worth $236,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in Sturm, Ruger & by 5.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,336 shares of the company’s stock valued at $124,000 after purchasing an additional 116 shares in the last quarter. Dubuque Bank & Trust Co. bought a new position in Sturm, Ruger & in the second quarter valued at approximately $128,000. PNC Financial Services Group Inc. grew its stake in Sturm, Ruger & by 27.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,885 shares of the company’s stock valued at $155,000 after purchasing an additional 624 shares in the last quarter. Atria Investments LLC bought a new position in Sturm, Ruger & in the second quarter valued at approximately $209,000. Finally, State of Alaska Department of Revenue grew its stake in Sturm, Ruger & by 74.2% in the second quarter. State of Alaska Department of Revenue now owns 3,484 shares of the company’s stock valued at $216,000 after purchasing an additional 1,484 shares in the last quarter. Hedge funds and other institutional investors own 82.17% of the company’s stock.

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In other news, insider Mark Lang sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $66.90, for a total value of $1,338,000.00. Following the completion of the transaction, the insider now directly owns 3,612 shares of the company’s stock, valued at $241,642.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders bought 400 shares of company stock valued at $19,925. 3.90% of the stock is currently owned by corporate insiders.

Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) opened at 46.20 on Tuesday. The stock has a 50 day moving average price of $50.76 and a 200-day moving average price of $57.14. Sturm, Ruger & Company, Inc. has a 52-week low of $44.80 and a 52-week high of $68.80. The firm has a market capitalization of $816.40 million, a PE ratio of 11.71 and a beta of 0.07.

Sturm, Ruger & (NYSE:RGR) last released its earnings results on Wednesday, August 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by $0.54. The business had revenue of $131.90 million during the quarter, compared to the consensus estimate of $159.60 million. Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The business’s revenue was down 21.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.22 earnings per share. Equities analysts forecast that Sturm, Ruger & Company, Inc. will post $3.60 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Friday, August 11th. Sturm, Ruger &’s dividend payout ratio is presently 23.47%.

A number of research analysts have weighed in on RGR shares. BidaskClub downgraded Sturm, Ruger & from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Aegis reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Sturm, Ruger & in a research report on Monday, August 21st. TheStreet cut Sturm, Ruger & from a “b-” rating to a “c” rating in a research report on Thursday, August 24th. Zacks Investment Research cut Sturm, Ruger & from a “buy” rating to a “hold” rating in a research report on Saturday, July 15th. Finally, ValuEngine cut Sturm, Ruger & from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $61.75.

Sturm, Ruger & Company 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 & (NYSE:RGR)

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