Laurion Capital Management LP acquired a new position in Sturm, Ruger & Company, Inc. (NYSE:RGR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,300 shares of the company’s stock, valued at approximately $578,000. Laurion Capital Management LP owned 0.05% of Sturm, Ruger & as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in shares of Sturm, Ruger & by 5.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,336 shares of the company’s stock worth $124,000 after buying an additional 116 shares in the last quarter. Dubuque Bank & Trust Co. bought a new position in shares of Sturm, Ruger & in the second quarter worth approximately $128,000. PNC Financial Services Group Inc. lifted its stake in shares of Sturm, Ruger & by 27.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,885 shares of the company’s stock worth $155,000 after buying an additional 624 shares in the last quarter. Virginia Retirement Systems ET AL bought a new position in shares of Sturm, Ruger & in the first quarter worth approximately $209,000. Finally, Atria Investments LLC bought a new position in shares of Sturm, Ruger & in the second quarter worth approximately $209,000. Institutional investors and hedge funds own 82.17% of the company’s stock.

Sturm, Ruger & Company, Inc. (RGR) opened at 53.20 on Thursday. The stock has a 50 day moving average of $49.17 and a 200 day moving average of $57.00. The company has a market cap of $940.10 million, a P/E ratio of 13.48 and a beta of 0.07. Sturm, Ruger & Company, Inc. has a 52 week low of $44.80 and a 52 week high of $68.60.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, August 11th. Sturm, Ruger &’s payout ratio is currently 23.47%.

Several brokerages have recently issued reports on RGR. BidaskClub downgraded shares of Sturm, Ruger & from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research downgraded shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a research note on Saturday, July 15th. ValuEngine downgraded shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet downgraded shares of Sturm, Ruger & from a “b-” rating to a “c” rating in a research note on Thursday, August 24th. Finally, Aegis reiterated a “buy” rating and issued a $67.00 target price on shares of Sturm, Ruger & in a research note on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Sturm, Ruger & presently has a consensus rating of “Hold” and a consensus target price of $61.75.

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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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Institutional Ownership by Quarter for Sturm, Ruger & (NYSE:RGR)

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