BlackRock Inc. Sells 103,772 Shares of Sturm, Ruger & Company, Inc. (RGR)

BlackRock Inc. cut its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,559,636 shares of the company’s stock after selling 103,772 shares during the quarter. BlackRock Inc. owned about 14.48% of Sturm, Ruger & worth $159,080,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Alps Advisors Inc. boosted its position 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 during the last quarter. Mason Street Advisors LLC boosted its position in Sturm, Ruger & by 2.1% during the first quarter. Mason Street Advisors LLC now owns 4,234 shares of the company’s stock worth $227,000 after acquiring an additional 88 shares during the last quarter. Envestnet Asset Management Inc. boosted its position 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 during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Sturm, Ruger & by 7.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,880 shares of the company’s stock worth $366,000 after acquiring an additional 400 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in Sturm, Ruger & by 1.6% during the first quarter. Teachers Advisors LLC now owns 31,321 shares of the company’s stock worth $1,677,000 after acquiring an additional 483 shares during the last quarter. Hedge funds and other institutional investors own 82.19% of the company’s stock.

Sturm, Ruger & (NYSE:RGR) last posted its earnings results on Wednesday, August 2nd. The company reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.54). Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The business had revenue of $131.90 million for the quarter, compared to analysts’ expectations of $159.60 million. During the same quarter last year, the business posted $1.22 earnings per share. The business’s revenue was down 21.4% compared to the same quarter last year.

RGR has been the topic of a number of recent research reports. Aegis restated a “buy” rating and set a $67.00 price target on shares of Sturm, Ruger & in a research report on Monday, August 21st. BidaskClub upgraded shares of Sturm, Ruger & from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Zacks Investment Research lowered shares of Sturm, Ruger & from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Finally, TheStreet lowered shares of Sturm, Ruger & from a “b-” rating to a “c” rating in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Sturm, Ruger & currently has a consensus rating of “Hold” and an average price target of $58.00.

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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.

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

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