Bank of New York Mellon Corp Sells 22,668 Shares of Sturm, Ruger & Company, Inc. (RGR)
Bank of New York Mellon Corp reduced its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 355,803 shares of the company’s stock after selling 22,668 shares during the period. Bank of New York Mellon Corp owned about 2.01% of Sturm, Ruger & worth $22,113,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in RGR. Envestnet Asset Management Inc. increased its stake in Sturm, Ruger & by 5.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,336 shares of the company’s stock worth $124,000 after buying an additional 116 shares during the period. Dubuque Bank & Trust Co. acquired a new position in Sturm, Ruger & during the 2nd quarter worth approximately $128,000. PNC Financial Services Group Inc. grew its holdings in Sturm, Ruger & by 27.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,885 shares of the company’s stock worth $155,000 after acquiring an additional 624 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new position in Sturm, Ruger & during the 1st quarter worth approximately $209,000. Finally, Atria Investments LLC acquired a new position in Sturm, Ruger & during the 2nd quarter worth approximately $209,000. 82.17% of the stock is currently owned by hedge funds and other institutional investors.
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Sturm, Ruger & Company, Inc. (NYSE:RGR) opened at 47.30 on Friday. The stock has a 50 day moving average of $49.52 and a 200 day moving average of $56.88. The firm has a market cap of $835.84 million, a PE ratio of 11.99 and a beta of 0.07. Sturm, Ruger & Company, Inc. has a one year low of $44.80 and a one year high of $68.60.
Sturm, Ruger & (NYSE:RGR) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.54). The business had revenue of $131.90 million during the quarter, compared to analyst estimates of $159.60 million. Sturm, Ruger & had a return on equity of 29.70% and a net margin of 11.74%. The business’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 EPS. On average, equities analysts forecast that Sturm, Ruger & Company, Inc. will post $3.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Friday, August 11th. Sturm, Ruger &’s dividend payout ratio is presently 23.47%.
In other Sturm, Ruger & news, insider Mark Lang sold 20,000 shares of Sturm, Ruger & stock in a transaction on Friday, June 23rd. The shares were 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 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 the SEC website. In the last ninety days, insiders acquired 400 shares of company stock valued at $19,925. 3.90% of the stock is currently owned by corporate insiders.
Several research firms have commented on RGR. Zacks Investment Research cut shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a report on Saturday, July 15th. TheStreet cut shares of Sturm, Ruger & from a “b-” rating to a “c” rating in a report on Thursday, August 24th. BidaskClub cut shares of Sturm, Ruger & from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. ValuEngine cut shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Aegis reiterated a “buy” rating and set a $67.00 price target on shares of Sturm, Ruger & in a report on Monday, August 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.75.
Sturm, Ruger & 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.
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