Northern Trust Corp trimmed its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 240,526 shares of the company’s stock after selling 7,211 shares during the period. Northern Trust Corp owned 1.36% of Sturm, Ruger & worth $14,948,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. BlackRock Inc. boosted its stake in Sturm, Ruger & by 179,012.8% in the 1st quarter. BlackRock Inc. now owns 2,663,408 shares of the company’s stock worth $142,625,000 after buying an additional 2,661,921 shares during the last quarter. Vanguard Group Inc. boosted its stake in Sturm, Ruger & by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 2,321,126 shares of the company’s stock worth $124,296,000 after buying an additional 105,980 shares during the last quarter. State Street Corp boosted its stake in Sturm, Ruger & by 6.6% in the 1st quarter. State Street Corp now owns 417,796 shares of the company’s stock worth $22,373,000 after buying an additional 26,040 shares during the last quarter. LSV Asset Management boosted its stake in Sturm, Ruger & by 730.5% in the 2nd quarter. LSV Asset Management now owns 291,500 shares of the company’s stock worth $18,116,000 after buying an additional 256,400 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Sturm, Ruger & by 37.1% in the 1st quarter. Bank of America Corp DE now owns 202,487 shares of the company’s stock worth $10,843,000 after buying an additional 54,793 shares during the last quarter. 82.05% of the stock is currently owned by hedge funds and other institutional investors.
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Sturm, Ruger & Company, Inc. (NYSE RGR) opened at 49.55 on Wednesday. Sturm, Ruger & Company, Inc. has a 1-year low of $44.80 and a 1-year high of $68.80. The firm has a market capitalization of $875.60 million, a price-to-earnings ratio of 12.56 and a beta of 0.05. The stock has a 50 day moving average price of $51.21 and a 200 day moving average price of $56.61.
Sturm, Ruger & (NYSE:RGR) last issued its earnings results on Tuesday, October 31st. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.45). Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The firm had revenue of $104.80 million during the quarter, compared to analysts’ expectations of $126.20 million. During the same quarter last year, the firm earned $1.21 EPS. The business’s revenue for the quarter was down 35.1% compared to the same quarter last year. Analysts predict that Sturm, Ruger & Company, Inc. will post $3.61 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.70%. Sturm, Ruger &’s dividend payout ratio (DPR) is presently 23.47%.
A number of analysts have issued reports on the company. BidaskClub lowered Sturm, Ruger & from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered Sturm, Ruger & from a “buy” rating to a “hold” rating in a research note on Saturday, July 15th. Aegis reissued a “buy” rating and issued a $67.00 price target on shares of Sturm, Ruger & in a research note on Friday, October 6th. Finally, TheStreet lowered Sturm, Ruger & from a “b-” rating to a “c” rating in a research note on Thursday, August 24th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Sturm, Ruger & has a consensus rating of “Hold” and a consensus price target of $58.00.
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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