People s United Financial Inc. trimmed its position in Sturm Ruger & Company Inc (NYSE:RGR) by 24.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,163 shares of the company’s stock after selling 5,915 shares during the period. People s United Financial Inc. owned approximately 0.10% of Sturm Ruger & Company Inc worth $1,254,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RGR. Renaissance Technologies LLC lifted its position in Sturm Ruger & Company Inc by 44.8% in the second quarter. Renaissance Technologies LLC now owns 438,900 shares of the company’s stock worth $24,578,000 after purchasing an additional 135,800 shares during the period. Russell Investments Group Ltd. lifted its position in Sturm Ruger & Company Inc by 58.6% in the second quarter. Russell Investments Group Ltd. now owns 259,821 shares of the company’s stock worth $14,558,000 after purchasing an additional 95,983 shares during the period. BlackRock Inc. lifted its position in Sturm Ruger & Company Inc by 2.3% in the second quarter. BlackRock Inc. now owns 3,182,978 shares of the company’s stock worth $178,247,000 after purchasing an additional 70,081 shares during the period. Millennium Management LLC acquired a new stake in Sturm Ruger & Company Inc in the second quarter worth approximately $3,787,000. Finally, Alliancebernstein L.P. lifted its position in Sturm Ruger & Company Inc by 64.4% in the third quarter. Alliancebernstein L.P. now owns 103,212 shares of the company’s stock worth $7,127,000 after purchasing an additional 40,419 shares during the period. Hedge funds and other institutional investors own 81.86% of the company’s stock.
A number of equities research analysts have weighed in on RGR shares. ValuEngine upgraded Sturm Ruger & Company Inc from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Zacks Investment Research cut Sturm Ruger & Company Inc from a “hold” rating to a “strong sell” rating in a report on Friday, November 9th.
In other Sturm Ruger & Company Inc news, VP Thomas Patrick Sullivan sold 3,000 shares of the company’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $54.10, for a total value of $162,300.00. Following the transaction, the vice president now owns 37,810 shares of the company’s stock, valued at $2,045,521. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.60% of the stock is currently owned by corporate insiders.
NYSE RGR opened at $52.79 on Friday. The firm has a market capitalization of $927.02 million, a price-to-earnings ratio of 19.31 and a beta of 0.07. Sturm Ruger & Company Inc has a 1 year low of $43.00 and a 1 year high of $70.00.
Sturm Ruger & Company Inc (NYSE:RGR) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.40). The company had revenue of $114.95 million during the quarter, compared to the consensus estimate of $129.80 million. Sturm Ruger & Company Inc had a net margin of 9.95% and a return on equity of 19.95%. Sturm Ruger & Company Inc’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. On average, equities research analysts forecast that Sturm Ruger & Company Inc will post 2.98 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 16th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.84 annualized dividend and a dividend yield of 1.59%. Sturm Ruger & Company Inc’s dividend payout ratio is currently 29.17%.
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Sturm Ruger & Company Inc Company Profile
Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates in two segments, Firearms and Castings. The company offers 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.
Further Reading: Bull Market
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