Sturm Ruger & Co. (NYSE:RGR) VP Thomas Patrick Sullivan sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $55.57, for a total transaction of $277,850.00. Following the completion of the transaction, the vice president now directly owns 28,355 shares of the company’s stock, valued at approximately $1,575,687.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Sturm Ruger & Co. (NYSE:RGR) opened at 58.25 on Tuesday. Sturm Ruger & Co. has a 1-year low of $48.10 and a 1-year high of $78.09. The company has a 50-day moving average of $57.57 and a 200-day moving average of $63.38. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 14.80 and a beta of 0.90.
Sturm Ruger & Co. (NYSE:RGR) last announced its earnings results on Tuesday, August 2nd. The company reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.07. Sturm Ruger & Co. had a net margin of 12.35% and a return on equity of 32.40%. The company had revenue of $167.90 million for the quarter, compared to analyst estimates of $164.30 million. Analysts predict that Sturm Ruger & Co. will post $3.78 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP raised its position in shares of Sturm Ruger & Co. by 247.2% in the second quarter. Quantbot Technologies LP now owns 1,795 shares of the company’s stock worth $114,000 after buying an additional 1,278 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in shares of Sturm Ruger & Co. during the second quarter worth about $133,000. Seven Eight Capital LLC bought a new position in shares of Sturm Ruger & Co. during the first quarter worth about $150,000. PineBridge Investments L.P. raised its position in shares of Sturm Ruger & Co. by 3.9% in the second quarter. PineBridge Investments L.P. now owns 2,405 shares of the company’s stock worth $154,000 after buying an additional 90 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Sturm Ruger & Co. by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 2,602 shares of the company’s stock worth $167,000 after buying an additional 319 shares during the last quarter. Institutional investors own 70.67% of the company’s stock.
Sturm Ruger & Co. Company Profile
Sturm, Ruger & Company, Inc and subsidiary, 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 to a range of federally licensed, independent wholesale distributors located in the United States.
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