Shares of Sturm Ruger & Co. (NYSE:RGR) fell 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 trading hands. The stock had previously closed at $69.32.

Several brokerages have recently commented on RGR. Zacks Investment Research downgraded Sturm Ruger & Co. from a “hold” rating to a “strong sell” rating in a research note on Friday, June 10th. BB&T Corp. downgraded Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a research note on Monday, June 6th.

The stock’s 50-day moving average price is $65.52 and its 200-day moving average price is $65.82. The company has a market capitalization of $1.28 billion and a price-to-earnings ratio of 17.19.

Sturm Ruger & Co. (NYSE:RGR) last posted its earnings results on Tuesday, August 2nd. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.15 by $0.07. The firm earned $167.90 million during the quarter, compared to analyst estimates of $164.30 million. Analysts expect that Sturm Ruger & Co. will post $3.78 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be given a $0.49 dividend. This is a positive change from Sturm Ruger & Co.’s previous quarterly dividend of $0.48. This represents a $1.96 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Wednesday, August 10th.

Other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers increased its position in Sturm Ruger & Co. by 4.4% in the fourth quarter. Rhumbline Advisers now owns 30,840 shares of the company’s stock valued at $1,838,000 after buying an additional 1,310 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of 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 in the last quarter. Freestone Capital Holdings LLC increased its stake in shares of 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 in the last quarter. Finally, KBC Group NV increased its stake in shares of 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 in 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.

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