Victory Capital Management Inc. Sells 87,636 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Posted by on May 24th, 2023

Victory Capital Management Inc. trimmed its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Rating) by 28.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,526 shares of the company’s stock after selling 87,636 shares during the period. Victory Capital Management Inc. owned approximately 1.27% of Sturm, Ruger & Company, Inc. worth $12,759,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RGR. Point72 Hong Kong Ltd bought a new stake in shares of Sturm, Ruger & Company, Inc. in the second quarter valued at about $26,000. Quadrant Capital Group LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 1,978.6% in the third quarter. Quadrant Capital Group LLC now owns 582 shares of the company’s stock valued at $30,000 after buying an additional 554 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Sturm, Ruger & Company, Inc. by 44.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,139 shares of the company’s stock valued at $79,000 after buying an additional 352 shares during the period. Morgan Dempsey Capital Management LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 23.0% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,341 shares of the company’s stock valued at $93,000 after buying an additional 251 shares during the period. Finally, Belpointe Asset Management LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at about $116,000. 68.97% of the stock is currently owned by institutional investors.

Sturm, Ruger & Company, Inc. Stock Performance

NYSE RGR opened at $54.06 on Wednesday. The firm has a 50-day simple moving average of $56.00 and a 200 day simple moving average of $55.60. Sturm, Ruger & Company, Inc. has a twelve month low of $49.50 and a twelve month high of $69.90. The stock has a market cap of $957.40 million, a PE ratio of 13.28 and a beta of 0.51.

Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Rating) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.16). Sturm, Ruger & Company, Inc. had a return on equity of 20.35% and a net margin of 12.52%. The business had revenue of $149.50 million during the quarter, compared to analyst estimates of $138.80 million. During the same period last year, the company earned $1.70 EPS. The business’s revenue for the quarter was down 10.3% on a year-over-year basis.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, May 12th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is presently 31.45%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Sturm, Ruger & Company, Inc. in a research note on Thursday, May 18th. They issued a “buy” rating for the company.

Sturm, Ruger & Company, Inc. Profile

(Get Rating)

Sturm, Ruger & Co, Inc engages in the design, manufacture, and sale of firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment manufactures and sells rifles, pistols, and revolvers principally to a number of federally-licensed, independent wholesale distributors primarily located in the United States.

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

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