Shares of Sturm Ruger & Co. (NYSE:RGR) dropped 1.7% on Friday . The stock traded as low as $62.83 and last traded at $62.90, with a volume of 83,670 shares trading hands. The stock had previously closed at $63.98.

RGR has been the subject of several recent research reports. Zacks Investment Research lowered shares of Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. BB&T Corp. downgraded shares of Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a report on Monday, June 6th.

The stock’s 50-day moving average is $66.75 and its 200 day moving average is $66.59. The stock has a market capitalization of $1.19 billion and a P/E ratio of 15.94.

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 analysts’ consensus estimates of $1.15 by $0.07. The company had revenue of $167.90 million for the quarter, compared to the consensus estimate of $164.30 million. On average, analysts expect that Sturm Ruger & Co. will post $3.78 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were given a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. 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 3.13%.

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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