Kevin B. Sr Reid, Sr. Sells 2,500 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Rating) VP Kevin B. Sr Reid, Sr. sold 2,500 shares of the company’s stock in a transaction 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 approximately $934,187.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Sturm, Ruger & Company, Inc. Trading Up 3.7 %

RGR stock opened at $60.60 on Friday. The company has a market capitalization of $1.07 billion, a P/E ratio of 10.03 and a beta of 0.48. The business has a 50 day simple moving average of $54.64 and a 200-day simple moving average of $58.24. Sturm, Ruger & Company, Inc. has a twelve month low of $49.50 and a twelve month high of $74.88.

Sturm, Ruger & Company, Inc. Announces Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, January 5th. Investors of record on Thursday, December 15th will be paid a dividend of $5.00 per share. The ex-dividend date is Wednesday, December 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently 27.15%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in shares of Sturm, Ruger & Company, Inc. by 212.9% during the first quarter. Goldman Sachs Group Inc. now owns 156,343 shares of the company’s stock worth $10,885,000 after buying an additional 106,379 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Sturm, Ruger & Company, Inc. by 32.4% in the 2nd quarter. Victory Capital Management Inc. now owns 277,710 shares of the company’s stock valued at $17,676,000 after purchasing an additional 67,953 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Sturm, Ruger & Company, Inc. by 56.4% during the first quarter. First Trust Advisors LP now owns 169,421 shares of the company’s stock worth $11,795,000 after purchasing an additional 61,117 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 5.8% during the second quarter. Renaissance Technologies LLC now owns 1,101,276 shares of the company’s stock worth $70,096,000 after purchasing an additional 60,500 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 1,778.9% during the first quarter. Lazard Asset Management LLC now owns 62,736 shares of the company’s stock worth $4,367,000 after purchasing an additional 59,397 shares during the period. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Sturm, Ruger & Company, Inc. Company Profile

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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.