Sturm Ruger & Co. (RGR) VP Sells $277,850.00 in Stock
Sturm Ruger & Co. (NYSE:RGR) VP Thomas Patrick Sullivan sold 5,000 shares of the business’s stock in a transaction dated 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 owns 28,355 shares of the company’s stock, valued at $1,575,687.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Sturm Ruger & Co. (NYSE:RGR) opened at 56.70 on Friday. The company has a market capitalization of $1.08 billion, a P/E ratio of 14.41 and a beta of 0.90. The firm has a 50-day moving average of $57.90 and a 200-day moving average of $63.64. Sturm Ruger & Co. has a one year low of $48.10 and a one year high of $78.09.
Sturm Ruger & Co. (NYSE:RGR) last issued its quarterly earnings data 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 firm earned $167.90 million during the quarter, compared to the consensus estimate of $164.30 million. Sturm Ruger & Co. had a return on equity of 32.40% and a net margin of 12.35%. On average, analysts anticipate that Sturm Ruger & Co. will post $3.78 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Quantbot Technologies LP increased its stake 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. acquired a new stake in shares of Sturm Ruger & Co. during the second quarter worth about $133,000. Seven Eight Capital LLC acquired a new stake in shares of Sturm Ruger & Co. during the first quarter worth about $150,000. PineBridge Investments L.P. increased its stake 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 increased its stake 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. 70.69% of the stock is owned by hedge funds and other institutional investors.
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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