Victory Capital Management Inc. grew its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,114 shares of the company’s stock after purchasing an additional 681 shares during the period. Victory Capital Management Inc. owned approximately 0.05% of Sturm, Ruger & worth $566,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of RGR. Teachers Advisors LLC lifted its holdings in shares of Sturm, Ruger & by 3.2% during the 4th quarter. Teachers Advisors LLC now owns 30,838 shares of the company’s stock valued at $1,625,000 after purchasing an additional 943 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Sturm, Ruger & by 5.8% during the 1st quarter. Nationwide Fund Advisors now owns 29,018 shares of the company’s stock valued at $1,554,000 after purchasing an additional 1,589 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Sturm, Ruger & by 13.5% during the 1st quarter. Wells Fargo & Company MN now owns 101,768 shares of the company’s stock valued at $5,450,000 after purchasing an additional 12,087 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Sturm, Ruger & by 3.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 25,712 shares of the company’s stock valued at $1,374,000 after purchasing an additional 790 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Sturm, Ruger & by 135.6% during the 1st quarter. LSV Asset Management now owns 35,100 shares of the company’s stock valued at $1,879,000 after purchasing an additional 20,200 shares during the last quarter. Hedge funds and other institutional investors own 82.17% of the company’s stock.

Sturm, Ruger & Company, Inc. (NYSE RGR) opened at 47.30 on Monday. The company has a 50-day moving average price of $49.52 and a 200-day moving average price of $56.88. The stock has a market cap of $835.84 million, a price-to-earnings ratio of 11.99 and a beta of 0.07. Sturm, Ruger & Company, Inc. has a 52 week low of $44.80 and a 52 week high of $68.80.

Sturm, Ruger & (NYSE:RGR) last released its quarterly earnings data 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). Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The company had revenue of $131.90 million during the quarter, compared to analyst estimates of $159.60 million. During the same quarter in the prior year, the company earned $1.22 EPS. The business’s revenue was down 21.4% on a year-over-year basis. Equities research analysts anticipate 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. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.95%. Sturm, Ruger &’s payout ratio is 23.47%.

RGR has been the subject of several analyst reports. ValuEngine lowered Sturm, Ruger & from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research lowered Sturm, Ruger & from a “buy” rating to a “hold” rating in a report on Saturday, July 15th. BidaskClub lowered Sturm, Ruger & from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Aegis reiterated a “buy” rating and set a $67.00 price objective on shares of Sturm, Ruger & in a report on Monday, August 21st. Finally, TheStreet lowered Sturm, Ruger & from a “b-” rating to a “c” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $61.75.

In other news, insider Mark Lang sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 3,612 shares of the company’s stock, valued at $241,642.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders bought 400 shares of company stock valued at $19,925 over the last ninety days. Corporate insiders own 3.90% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Victory Capital Management Inc. Has $566,000 Stake in Sturm, Ruger & Company, Inc. (RGR)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/09/18/victory-capital-management-inc-has-566000-stake-in-sturm-ruger-company-inc-rgr.html.

About Sturm, Ruger &

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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