Louisiana State Employees Retirement System bought a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,400 shares of the company's stock, valued at approximately $427,000.
A number of other large investors have also recently made changes to their positions in RGR. Meeder Asset Management Inc. lifted its stake in Sturm, Ruger & Company, Inc. by 1,472.0% in the second quarter. Meeder Asset Management Inc. now owns 393 shares of the company's stock valued at $25,000 after buying an additional 368 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Sturm, Ruger & Company, Inc. during the 2nd quarter worth $26,000. Hexagon Capital Partners LLC purchased a new position in Sturm, Ruger & Company, Inc. during the 3rd quarter worth $26,000. Koshinski Asset Management Inc. purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the third quarter valued at about $953,000. Finally, GoalVest Advisory LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the second quarter worth about $41,000. 68.97% of the stock is owned by institutional investors and hedge funds.
Get Sturm Ruger & Company Inc. alerts:Sturm, Ruger & Company, Inc. Price Performance
Shares of NYSE RGR opened at $53.41 on Wednesday. The stock has a fifty day moving average price of $54.45 and a 200 day moving average price of $56.09. Sturm, Ruger & Company, Inc. has a 1-year low of $49.50 and a 1-year high of $74.88. The company has a market cap of $943.59 million, a PE ratio of 8.84 and a beta of 0.47.
Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $1.03 EPS for the quarter. Sturm, Ruger & Company, Inc. had a net margin of 17.49% and a return on equity of 28.16%. The company had revenue of $139.39 million during the quarter.Sturm, Ruger & Company, Inc. Dividend Announcement
The company also recently disclosed a special dividend, which was paid on Thursday, January 5th. Investors of record on Thursday, December 15th were given a $5.00 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. Sturm, Ruger & Company, Inc.'s payout ratio is currently 27.15%.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on Sturm, Ruger & Company, Inc. in a research note on Wednesday, October 12th. They set a "buy" rating for the company.
Insider Buying and Selling at Sturm, Ruger & Company, Inc.
In other news, VP Kevin B. Sr Reid, Sr. sold 2,500 shares of the stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $62.50, for a total transaction of $156,250.00. Following the completion of the transaction, the vice president now directly owns 14,947 shares of the company's stock, valued at approximately $934,187.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.90% of the stock is owned by corporate insiders.
Sturm, Ruger & Company, Inc. Profile
(Get Rating)
Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates through two segments, Firearms and Castings. The company provides single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.
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