Principal Financial Group Inc. Cuts Stock Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Principal Financial Group Inc. cut its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGRFree Report) by 5.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,937 shares of the company’s stock after selling 5,205 shares during the period. Principal Financial Group Inc.’s holdings in Sturm, Ruger & Company, Inc. were worth $5,052,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Sturm, Ruger & Company, Inc. by 0.8% during the second quarter. BlackRock Inc. now owns 3,011,127 shares of the company’s stock worth $159,469,000 after buying an additional 24,588 shares during the period. Vanguard Group Inc. increased its stake in shares of Sturm, Ruger & Company, Inc. by 2.1% during the third quarter. Vanguard Group Inc. now owns 1,942,203 shares of the company’s stock worth $98,644,000 after buying an additional 39,325 shares during the period. Renaissance Technologies LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 1.0% during the first quarter. Renaissance Technologies LLC now owns 1,040,776 shares of the company’s stock worth $72,459,000 after buying an additional 10,201 shares during the period. State Street Corp increased its stake in shares of Sturm, Ruger & Company, Inc. by 0.5% during the second quarter. State Street Corp now owns 610,605 shares of the company’s stock worth $32,338,000 after buying an additional 2,836 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Sturm, Ruger & Company, Inc. by 4.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 537,425 shares of the company’s stock worth $28,462,000 after buying an additional 21,617 shares during the period. 64.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RGR has been the subject of a number of research analyst reports. TheStreet downgraded Sturm, Ruger & Company, Inc. from a “b-” rating to a “c” rating in a report on Friday, November 3rd. StockNews.com downgraded Sturm, Ruger & Company, Inc. from a “strong-buy” rating to a “buy” rating in a report on Friday, November 3rd.

View Our Latest Analysis on RGR

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

RGR stock opened at $43.28 on Wednesday. The company has a market capitalization of $766.92 million, a P/E ratio of 13.53 and a beta of 0.32. Sturm, Ruger & Company, Inc. has a twelve month low of $42.98 and a twelve month high of $61.34. The business has a 50 day simple moving average of $44.35 and a 200-day simple moving average of $48.74.

Sturm, Ruger & Company, Inc. Profile

(Free Report)

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.

Further Reading

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

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