Versor Investments LP Increases Stake in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Versor Investments LP boosted its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGRGet Rating) by 63.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,947 shares of the company’s stock after acquiring an additional 2,300 shares during the quarter. Versor Investments LP’s holdings in Sturm, Ruger & Company, Inc. were worth $302,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RGR. Raymond James & Associates raised its position in Sturm, Ruger & Company, Inc. by 65.6% during the first quarter. Raymond James & Associates now owns 10,952 shares of the company’s stock valued at $762,000 after acquiring an additional 4,339 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Sturm, Ruger & Company, Inc. by 37.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,661 shares of the company’s stock valued at $1,090,000 after acquiring an additional 4,233 shares in the last quarter. Bank of New York Mellon Corp raised its position in Sturm, Ruger & Company, Inc. by 2.5% during the first quarter. Bank of New York Mellon Corp now owns 366,955 shares of the company’s stock valued at $25,548,000 after acquiring an additional 8,850 shares in the last quarter. Cetera Advisor Networks LLC raised its position in Sturm, Ruger & Company, Inc. by 14.6% during the first quarter. Cetera Advisor Networks LLC now owns 5,864 shares of the company’s stock valued at $408,000 after acquiring an additional 745 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in Sturm, Ruger & Company, Inc. by 53.6% during the first quarter. MetLife Investment Management LLC now owns 9,505 shares of the company’s stock valued at $662,000 after acquiring an additional 3,317 shares in the last quarter. 68.97% of the stock is currently owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Price Performance

Sturm, Ruger & Company, Inc. stock opened at $52.63 on Monday. The stock has a market capitalization of $929.81 million, a PE ratio of 8.71 and a beta of 0.47. Sturm, Ruger & Company, Inc. has a 12 month low of $49.50 and a 12 month high of $74.88. The business has a 50 day simple moving average of $54.58 and a 200-day simple moving average of $56.26.

Sturm, Ruger & Company, Inc. (NYSE:RGRGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $1.03 EPS for the quarter. The business had revenue of $139.39 million during the quarter. Sturm, Ruger & Company, Inc. had a return on equity of 28.16% and a net margin of 17.49%.

Sturm, Ruger & Company, Inc. Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Thursday, January 5th. Stockholders 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 dividend payout ratio (DPR) is presently 27.15%.

Insider Activity

In other news, VP Kevin B. Sr Reid, Sr. sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $62.50, for a total value of $156,250.00. Following the completion of the sale, the vice president now directly owns 14,947 shares in the company, valued at $934,187.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Sturm, Ruger & Company, Inc. in a research report on Wednesday, October 12th. They set a “buy” rating for the company.

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

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