Sturm Ruger & Company Inc (RGR) Shares Bought by Comerica Bank

Comerica Bank increased its stake in Sturm Ruger & Company Inc (NYSE:RGR) by 5.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 20,197 shares of the company’s stock after buying an additional 1,077 shares during the period. Comerica Bank’s holdings in Sturm Ruger & Company were worth $1,037,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BlackRock Fund Advisors raised its position in Sturm Ruger & Company by 7.8% in the third quarter. BlackRock Fund Advisors now owns 1,444,829 shares of the company’s stock valued at $83,453,000 after buying an additional 104,383 shares in the last quarter. Clark Estates Inc. NY bought a new position in Sturm Ruger & Company during the third quarter valued at about $2,426,000. Bank of New York Mellon Corp raised its position in Sturm Ruger & Company by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 264,038 shares of the company’s stock valued at $15,251,000 after buying an additional 4,254 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Sturm Ruger & Company by 3.7% in the third quarter. Great West Life Assurance Co. Can now owns 25,679 shares of the company’s stock valued at $1,482,000 after buying an additional 908 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Sturm Ruger & Company by 8.9% in the third quarter. Wells Fargo & Company MN now owns 76,608 shares of the company’s stock valued at $4,425,000 after buying an additional 6,257 shares in the last quarter. 68.77% of the stock is owned by hedge funds and other institutional investors.

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

Sturm Ruger & Company Inc (NYSE:RGR) opened at 51.90 on Friday. The firm has a 50-day moving average price of $50.78 and a 200-day moving average price of $53.84. The stock has a market cap of $939.60 million, a price-to-earnings ratio of 11.31 and a beta of 0.57. Sturm Ruger & Company Inc has a 12 month low of $47.15 and a 12 month high of $71.85.

Sturm Ruger & Company (NYSE:RGR) last posted its quarterly earnings results on Wednesday, February 22nd. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.19. Sturm Ruger & Company had a return on equity of 33.89% and a net margin of 12.79%. The business had revenue of $161.80 million for the quarter, compared to the consensus estimate of $152.40 million. During the same quarter in the prior year, the company earned $0.88 EPS. The business’s revenue was up 6.2% compared to the same quarter last year. Equities research analysts expect that Sturm Ruger & Company Inc will post $3.96 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be given a dividend of $0.44 per share. This is an increase from Sturm Ruger & Company’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Wednesday, March 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.39%. Sturm Ruger & Company’s dividend payout ratio is presently 37.79%.

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RGR has been the subject of several recent analyst reports. Wunderlich initiated coverage on Sturm Ruger & Company in a research report on Tuesday, March 14th. They issued a “hold” rating and a $51.00 price target for the company. Zacks Investment Research raised Sturm Ruger & Company from a “sell” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Thursday, March 2nd. Finally, Forward View lowered Sturm Ruger & Company from a “hold” rating to a “sell” rating and set a $45.00 target price for the company. in a research report on Wednesday, February 15th.

Sturm Ruger & Company Company Profile

Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.

5 Day Chart for NYSE:RGR

Want to see what other hedge funds are holding RGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sturm Ruger & Company Inc (NYSE:RGR).

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