Shares of Sturm Ruger & Co. (NYSE:RGR) dropped 5.1% during trading on Wednesday . The stock traded as low as $64.65 and last traded at $65.79, with a volume of 396,805 shares changing hands. The stock had previously closed at $69.32.

A number of brokerages have issued reports on RGR. BB&T Corp. lowered Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a research note on Monday, June 6th. Zacks Investment Research lowered Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $66.67.

The stock has a market capitalization of $1.25 billion and a PE ratio of 18.35. The stock’s 50-day moving average price is $65.12 and its 200 day moving average price is $65.81.

Sturm Ruger & Co. (NYSE:RGR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.07. The company had revenue of $167.90 million for the quarter, compared to analyst estimates of $164.30 million. On average, equities research analysts predict that Sturm Ruger & Co. will post $3.78 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be issued a dividend of $0.49 per share. This is an increase from Sturm Ruger & Co.’s previous quarterly dividend of $0.48. This represents a $1.96 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Wednesday, August 10th.

A number of large investors recently added to or reduced their stakes in RGR. Rhumbline Advisers increased its stake in Sturm Ruger & Co. by 4.4% in the fourth quarter. Rhumbline Advisers now owns 30,840 shares of the company’s stock worth $1,838,000 after buying an additional 1,310 shares during the last quarter. Principal Financial Group Inc. increased its stake in Sturm Ruger & Co. by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 123,374 shares of the company’s stock worth $7,354,000 after buying an additional 5,418 shares during the last quarter. Freestone Capital Holdings LLC increased its stake in Sturm Ruger & Co. by 6.1% in the fourth quarter. Freestone Capital Holdings LLC now owns 17,625 shares of the company’s stock worth $1,051,000 after buying an additional 1,019 shares during the last quarter. Finally, KBC Group NV increased its stake in Sturm Ruger & Co. by 0.8% in the fourth quarter. KBC Group NV now owns 20,195 shares of the company’s stock worth $1,204,000 after buying an additional 152 shares during the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.