Nisa Investment Advisors LLC cut its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 1.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,453 shares of the company’s stock after selling 196 shares during the period. Nisa Investment Advisors LLC’s holdings in Sturm, Ruger & were worth $650,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mason Street Advisors LLC boosted its position in shares of Sturm, Ruger & by 2.1% in the first quarter. Mason Street Advisors LLC now owns 4,234 shares of the company’s stock valued at $227,000 after buying an additional 88 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Sturm, Ruger & by 5.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,336 shares of the company’s stock valued at $124,000 after buying an additional 116 shares during the period. Teachers Advisors LLC boosted its position in shares of Sturm, Ruger & by 1.6% in the first quarter. Teachers Advisors LLC now owns 31,321 shares of the company’s stock valued at $1,677,000 after buying an additional 483 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Sturm, Ruger & by 27.6% in the first quarter. PNC Financial Services Group Inc. now owns 2,885 shares of the company’s stock valued at $155,000 after buying an additional 624 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in shares of Sturm, Ruger & by 3.2% in the first quarter. Great West Life Assurance Co. Can now owns 25,712 shares of the company’s stock valued at $1,374,000 after buying an additional 790 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Shares of Sturm, Ruger & Company, Inc. (RGR) remained flat at $50.55 during trading on Wednesday. 99,559 shares of the stock traded hands. The stock has a market cap of $893.27 million and a PE ratio of 12.81. The stock’s 50-day moving average is $61.10 and its 200-day moving average is $57.37. Sturm, Ruger & Company, Inc. has a 1-year low of $47.15 and a 1-year high of $68.60.

Sturm, Ruger & (NYSE:RGR) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.54. Sturm, Ruger & had a return on equity of 29.70% and a net margin of 11.74%. The company had revenue of $131.90 million for the quarter, compared to analysts’ expectations of $159.60 million. During the same period in the prior year, the business earned $1.22 EPS. The business’s quarterly revenue was down 21.4% compared to the same quarter last year. Analysts anticipate that Sturm, Ruger & Company, Inc. will post $4.38 earnings per share for the current fiscal year.

Sturm, Ruger & announced that its Board of Directors has authorized a share buyback plan on Monday, May 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 9.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Friday, August 11th. Sturm, Ruger &’s dividend payout ratio is presently 48.98%.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/08/09/nisa-investment-advisors-llc-has-650000-position-in-sturm-ruger-company-inc-nysergr.html.

Several brokerages have recently issued reports on RGR. Zacks Investment Research cut Sturm, Ruger & from a “hold” rating to a “strong sell” rating in a report on Wednesday. Forward View raised Sturm, Ruger & from a “sell” rating to a “hold” rating in a report on Sunday, May 14th. BidaskClub cut Sturm, Ruger & from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. ValuEngine cut Sturm, Ruger & from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Wunderlich boosted their price objective on Sturm, Ruger & from $51.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $60.00.

In other Sturm, Ruger & news, insider Mark Lang sold 20,000 shares of Sturm, Ruger & stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $66.90, for a total value of $1,338,000.00. Following the sale, the insider now owns 3,612 shares of the company’s stock, valued at approximately $241,642.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald C. Whitaker sold 10,000 shares of Sturm, Ruger & stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $62.51, for a total value of $625,100.00. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.

Sturm, Ruger & Company Profile

Sturm, Ruger & Company, Inc 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 principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.

Want to see what other hedge funds are holding RGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sturm, Ruger & Company, Inc. (NYSE:RGR).

Institutional Ownership by Quarter for Sturm, Ruger & (NYSE:RGR)

Receive News & Ratings for Sturm Ruger & Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sturm Ruger & Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.