State Street Corp Boosts Stake in Sturm, Ruger & Company, Inc. (RGR)
State Street Corp lifted its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 2.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 426,242 shares of the company’s stock after buying an additional 8,446 shares during the quarter. State Street Corp owned about 2.41% of Sturm, Ruger & worth $26,493,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of RGR. Flinton Capital Management LLC lifted its holdings in shares of Sturm, Ruger & by 77.8% during the second quarter. Flinton Capital Management LLC now owns 1,792 shares of the company’s stock worth $111,000 after buying an additional 784 shares in the last quarter. Dubuque Bank & Trust Co. acquired a new stake in shares of Sturm, Ruger & during the second quarter worth $128,000. PNC Financial Services Group Inc. increased its position 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 purchasing an additional 624 shares during the period. Atria Investments LLC bought a new position in shares of Sturm, Ruger & in the second quarter worth $209,000. Finally, OxFORD Asset Management LLP bought a new position in shares of Sturm, Ruger & in the second quarter worth $211,000. 83.09% of the stock is owned by institutional investors.
A number of research analysts recently commented on RGR shares. BidaskClub cut Sturm, Ruger & from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research cut Sturm, Ruger & from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Aegis restated a “buy” rating and issued a $67.00 price target on shares of Sturm, Ruger & in a research report on Monday, August 21st. Finally, TheStreet cut Sturm, Ruger & from a “b-” rating to a “c” rating in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $58.00.
Sturm, Ruger & Company, Inc. (NYSE RGR) opened at $48.85 on Tuesday. Sturm, Ruger & Company, Inc. has a 12-month low of $44.80 and a 12-month high of $68.80. The company has a market capitalization of $860.09 and a price-to-earnings ratio of 14.43.
Sturm, Ruger & (NYSE:RGR) last released its earnings results on Tuesday, October 31st. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.07). Sturm, Ruger & had a net margin of 11.07% and a return on equity of 26.62%. The business had revenue of $104.80 million during the quarter, compared to the consensus estimate of $126.20 million. During the same quarter in the prior year, the firm earned $1.21 EPS. The business’s revenue was down 35.1% on a year-over-year basis. equities analysts forecast that Sturm, Ruger & Company, Inc. will post 3.02 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Tuesday, November 14th. Sturm, Ruger &’s dividend payout ratio is presently 26.90%.
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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