Sturm Ruger & Co. (NYSE:RGR) fell 2.6% during mid-day trading on Friday . The company traded as low as $59.52 and last traded at $60.55, with a volume of 171,286 shares trading hands. The stock had previously closed at $62.18.

A number of research firms have recently issued reports on RGR. Zacks Investment Research lowered Sturm Ruger & Co. from a “hold” rating to a “strong sell” rating in a research note on Friday, June 10th. BB&T Corp. lowered Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a research note on Monday, June 6th.

The company’s 50-day moving average price is $65.91 and its 200 day moving average price is $66.53. The firm has a market capitalization of $1.15 billion and a PE ratio of 15.41.

Sturm Ruger & Co. (NYSE:RGR) last issued its earnings results on Tuesday, August 2nd. The company reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.07. The business earned $167.90 million during the quarter, compared to analyst estimates of $164.30 million. On average, analysts forecast that Sturm Ruger & Co. will post $3.78 EPS for the current fiscal year.

The firm also recently announced 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 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 3.23%.

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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