BNP Paribas Arbitrage SA Boosts Position in Sturm, Ruger & Company, Inc. (RGR)

BNP Paribas Arbitrage SA increased its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 38.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,899 shares of the company’s stock after acquiring an additional 3,286 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.07% of Sturm, Ruger & worth $740,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fifth Third Bancorp boosted its stake in Sturm, Ruger & by 56.0% during the first quarter. Fifth Third Bancorp now owns 15,077 shares of the company’s stock worth $807,000 after acquiring an additional 5,412 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Sturm, Ruger & by 18.8% during the first quarter. OppenheimerFunds Inc. now owns 9,262 shares of the company’s stock worth $496,000 after acquiring an additional 1,463 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Sturm, Ruger & by 22.8% during the first quarter. Oppenheimer & Co. Inc. now owns 13,212 shares of the company’s stock worth $708,000 after acquiring an additional 2,457 shares in the last quarter. Alps Advisors Inc. boosted its stake in Sturm, Ruger & by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,059 shares of the company’s stock worth $563,000 after acquiring an additional 23 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Sturm, Ruger & by 5.2% during the first quarter. Envestnet Asset Management Inc. now owns 2,336 shares of the company’s stock worth $124,000 after acquiring an additional 116 shares in the last quarter. 82.17% of the stock is currently owned by institutional investors and hedge funds.

Sturm, Ruger & Company, Inc. (NYSE RGR) opened at 46.25 on Monday. Sturm, Ruger & Company, Inc. has a 52 week low of $44.80 and a 52 week high of $68.80. The stock has a 50 day moving average of $50.95 and a 200 day moving average of $56.98. The company has a market cap of $817.28 million, a P/E ratio of 11.72 and a beta of 0.07.

Sturm, Ruger & (NYSE:RGR) last posted its earnings results on Wednesday, August 2nd. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by $0.54. The business had revenue of $131.90 million for the quarter, compared to analysts’ expectations of $159.60 million. Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The company’s revenue for the quarter was down 21.4% on a year-over-year basis. During the same period last year, the business posted $1.22 EPS. On average, analysts expect that Sturm, Ruger & Company, Inc. will post $3.60 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Friday, August 11th. Sturm, Ruger &’s dividend payout ratio (DPR) is 23.47%.

In other Sturm, Ruger & news, insider Mark Lang sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $66.90, for a total transaction of $1,338,000.00. Following the transaction, the insider now owns 3,612 shares of the company’s stock, valued at approximately $241,642.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 400 shares of company stock worth $19,925 in the last three months. Insiders own 3.90% of the company’s stock.

Several equities research analysts recently commented on RGR shares. Aegis reissued a “buy” rating and set a $67.00 price objective on shares of Sturm, Ruger & in a research note on Monday, August 21st. BidaskClub lowered shares of Sturm, Ruger & from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. TheStreet lowered shares of Sturm, Ruger & from a “b-” rating to a “c” rating in a research note on Thursday, August 24th. Zacks Investment Research lowered shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a research note on Saturday, July 15th. Finally, ValuEngine lowered shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $61.75.

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Sturm, Ruger & 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.

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

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