Point72 Asset Management L.P. Buys 88,542 Shares of Sturm Ruger & Company Inc (NYSE:RGR)

Point72 Asset Management L.P. grew its stake in shares of Sturm Ruger & Company Inc (NYSE:RGR) by 271.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,123 shares of the company’s stock after buying an additional 88,542 shares during the period. Point72 Asset Management L.P. owned 0.69% of Sturm Ruger & Company Inc worth $6,599,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley increased its position in shares of Sturm Ruger & Company Inc by 18.5% during the second quarter. Morgan Stanley now owns 200,346 shares of the company’s stock valued at $10,914,000 after buying an additional 31,343 shares during the period. Bank of America Corp DE increased its position in shares of Sturm Ruger & Company Inc by 1.7% during the second quarter. Bank of America Corp DE now owns 60,893 shares of the company’s stock valued at $3,317,000 after buying an additional 1,001 shares during the period. Balyasny Asset Management LLC bought a new stake in shares of Sturm Ruger & Company Inc during the second quarter valued at about $683,000. Invesco Ltd. increased its position in shares of Sturm Ruger & Company Inc by 424.0% during the second quarter. Invesco Ltd. now owns 307,263 shares of the company’s stock valued at $16,739,000 after buying an additional 248,630 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Sturm Ruger & Company Inc by 0.7% during the second quarter. Vanguard Group Inc. now owns 1,785,151 shares of the company’s stock valued at $97,254,000 after buying an additional 12,062 shares during the period. Hedge funds and other institutional investors own 75.87% of the company’s stock.

Shares of RGR stock traded up $0.01 during trading on Tuesday, hitting $41.51. The company had a trading volume of 7,328 shares, compared to its average volume of 185,991. The company has a quick ratio of 4.17, a current ratio of 5.13 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average is $42.18 and its two-hundred day moving average is $50.36. The stock has a market capitalization of $737.18 million, a price-to-earnings ratio of 18.33 and a beta of 0.50. Sturm Ruger & Company Inc has a 52 week low of $39.31 and a 52 week high of $70.00.



Sturm Ruger & Company Inc (NYSE:RGR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.35 earnings per share for the quarter. The company had revenue of $96.33 million for the quarter. Sturm Ruger & Company Inc had a net margin of 9.13% and a return on equity of 15.26%.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Wednesday, August 14th.

Separately, TheStreet cut Sturm Ruger & Company Inc from a “b-” rating to a “c” rating in a research report on Wednesday, August 7th.

About Sturm Ruger & Company Inc

Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates in two segments, Firearms and Castings. It offers single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts.

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

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