Principal Financial Group Inc. decreased its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 11.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 139,010 shares of the company’s stock after selling 18,410 shares during the quarter. Principal Financial Group Inc. owned 0.79% of Sturm, Ruger & worth $8,640,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in shares of Sturm, Ruger & by 5.2% during the first quarter. Envestnet Asset Management Inc. now owns 2,336 shares of the company’s stock valued at $124,000 after buying an additional 116 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new stake in Sturm, Ruger & in the second quarter worth approximately $128,000. PNC Financial Services Group Inc. boosted its holdings 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 worth $155,000 after purchasing an additional 624 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new stake in Sturm, Ruger & in the first quarter worth approximately $209,000. Finally, Atria Investments LLC purchased a new stake in Sturm, Ruger & in the second quarter worth approximately $209,000. Hedge funds and other institutional investors own 82.17% of the company’s stock.

Sturm, Ruger & Company, Inc. (NYSE:RGR) opened at 53.20 on Thursday. The stock’s 50 day moving average is $49.17 and its 200 day moving average is $57.00. The stock has a market cap of $940.10 million, a PE 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 released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.57 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 analysts’ expectations of $159.60 million. Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The firm’s revenue was down 21.4% on a year-over-year basis. During the same period last year, the company earned $1.22 earnings per share. Analysts predict that Sturm, Ruger & Company, Inc. will post $3.60 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Friday, August 11th. Sturm, Ruger &’s dividend payout ratio (DPR) is presently 23.47%.

RGR has been the topic of several research reports. Aegis restated a “buy” rating and issued a $67.00 target price on shares of Sturm, Ruger & in a report on Monday, August 21st. BidaskClub upgraded shares of Sturm, Ruger & from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. ValuEngine cut shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research cut shares of Sturm, Ruger & from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Finally, TheStreet cut shares of Sturm, Ruger & from a “b-” rating to a “c” rating in a report on Thursday, August 24th. One equities research 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’s stock. The company has a consensus rating of “Hold” and an average target price of $61.75.

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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.

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

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