TD Asset Management Inc. Raises Stock Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

TD Asset Management Inc. increased its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 16.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,400 shares of the company’s stock after purchasing an additional 11,400 shares during the quarter. TD Asset Management Inc. owned 0.47% of Sturm, Ruger & Company, Inc. worth $6,079,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise purchased a new position in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter worth $46,000. Koshinski Asset Management Inc. bought a new stake in Sturm, Ruger & Company, Inc. in the 3rd quarter valued at $55,000. Northwestern Mutual Wealth Management Co. increased its holdings in Sturm, Ruger & Company, Inc. by 236.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 854 shares of the company’s stock valued at $77,000 after acquiring an additional 600 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Sturm, Ruger & Company, Inc. by 149.9% in the 2nd quarter. Lazard Asset Management LLC now owns 1,952 shares of the company’s stock valued at $175,000 after acquiring an additional 1,171 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Sturm, Ruger & Company, Inc. in the 2nd quarter valued at $206,000. Institutional investors and hedge funds own 66.52% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Sturm, Ruger & Company, Inc. from a “sell” rating to a “hold” rating in a report on Thursday, January 6th.

Sturm, Ruger & Company, Inc. stock opened at $67.07 on Friday. The company’s 50-day moving average price is $69.22 and its 200-day moving average price is $75.01. Sturm, Ruger & Company, Inc. has a twelve month low of $62.16 and a twelve month high of $92.49. The company has a market cap of $1.18 billion, a PE ratio of 7.97 and a beta of 0.44.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its earnings results on Wednesday, November 3rd. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.20). Sturm, Ruger & Company, Inc. had a return on equity of 49.40% and a net margin of 20.42%. The business had revenue of $178.25 million during the quarter. As a group, sell-side analysts forecast that Sturm, Ruger & Company, Inc. will post 8.49 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 30th. Investors of record on Monday, November 15th were issued a dividend of $0.79 per share. The ex-dividend date was Friday, November 12th. This represents a $3.16 annualized dividend and a yield of 4.71%. Sturm, Ruger & Company, Inc.’s payout ratio is 37.53%.

In other Sturm, Ruger & Company, Inc. news, Director Terrence Gregory Oconnor sold 1,584 shares of the business’s stock in a transaction dated Thursday, November 11th. The shares were sold at an average price of $73.13, for a total value of $115,837.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher John Killoy sold 5,083 shares of the business’s stock in a transaction dated Friday, November 5th. The shares were sold at an average price of $73.56, for a total transaction of $373,905.48. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Co, Inc engages in the design, manufacture, and sale of firearms to domestic customers. It operates through the following segments: Firearms and Castings. The Firearms segment manufactures and sells rifles, pistols, and revolvers principally to a number of federally-licensed, independent wholesale distributors primarily located in the United States.

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

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