First Citizens Bank & Trust Co. bought a new stake in Sturm Ruger & Co. (NYSE:RGR) during the second quarter, Holdings Channel reports. The fund bought 5,563 shares of the company’s stock, valued at approximately $356,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital Fund Management S.A. purchased a new stake in Sturm Ruger & Co. during the second quarter valued at approximately $614,000. New York State Teachers Retirement System boosted its stake in Sturm Ruger & Co. by 3.6% in the second quarter. New York State Teachers Retirement System now owns 51,904 shares of the company’s stock valued at $3,322,000 after buying an additional 1,800 shares during the last quarter. Capstone Asset Management Co. bought a new position in shares of Sturm Ruger & Co. during the second quarter worth $200,000. Contravisory Investment Management Inc. bought a new position in shares of Sturm Ruger & Co. during the second quarter worth $133,000. Finally, Creative Planning raised its position in shares of Sturm Ruger & Co. by 7.6% in the second quarter. Creative Planning now owns 4,749 shares of the company’s stock worth $304,000 after buying an additional 337 shares during the period. 70.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Sturm Ruger & Co. (NYSE:RGR) traded up 0.34% during trading on Tuesday, hitting $58.45. 156,596 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.11 billion, a PE ratio of 14.85 and a beta of 0.90. The stock’s 50 day moving average is $57.60 and its 200 day moving average is $63.34. Sturm Ruger & Co. has a 1-year low of $48.10 and a 1-year high of $78.09.
Sturm Ruger & Co. (NYSE:RGR) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.07. The company earned $167.90 million during the quarter, compared to analyst estimates of $164.30 million. Sturm Ruger & Co. had a net margin of 12.35% and a return on equity of 32.40%. On average, equities research analysts forecast that Sturm Ruger & Co. will post $3.78 earnings per share for the current year.
In related news, VP Thomas Patrick Sullivan sold 5,000 shares of the stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $55.57, for a total transaction of $277,850.00. Following the completion of the sale, the vice president now directly owns 28,355 shares of the company’s stock, valued at $1,575,687.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.30% of the stock is currently owned by insiders.
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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