Raymond James Financial Services Advisors Inc. Decreases Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Raymond James Financial Services Advisors Inc. decreased its stake in Sturm, Ruger & Company, Inc. (NYSE:RGRGet Rating) by 13.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,778 shares of the company’s stock after selling 2,061 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Sturm, Ruger & Company, Inc. were worth $649,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its holdings in shares of Sturm, Ruger & Company, Inc. by 1,472.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 393 shares of the company’s stock worth $25,000 after purchasing an additional 368 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter valued at $26,000. Hexagon Capital Partners LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter valued at $26,000. Koshinski Asset Management Inc. bought a new position in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter worth $953,000. Finally, Heritage Wealth Management LLC purchased a new stake in Sturm, Ruger & Company, Inc. in the 2nd quarter worth about $51,000. 68.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related 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 shares were 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 owns 14,947 shares of the company’s stock, valued at $934,187.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.90% of the company’s stock.

Sturm, Ruger & Company, Inc. Trading Up 0.2 %

RGR opened at $54.32 on Tuesday. Sturm, Ruger & Company, Inc. has a 12 month low of $49.50 and a 12 month high of $74.88. The company has a market cap of $959.67 million, a PE ratio of 8.99 and a beta of 0.47. The company has a 50 day moving average of $54.50 and a 200 day moving average of $55.47.

Sturm, Ruger & Company, Inc. (NYSE:RGRGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $1.03 EPS for the quarter. The firm 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. Dividend Announcement

The business also recently declared a special dividend, which was paid on Thursday, January 5th. Stockholders of record on Thursday, December 15th were given a dividend of $5.00 per share. The ex-dividend date of this dividend was Wednesday, December 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 27.15%.

Analysts Set New Price Targets

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

About Sturm, Ruger & Company, Inc.

(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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