M&T Bank Corp decreased its stake in Sturm Ruger & Co. (NYSE:RGR) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,628 shares of the company’s stock after selling 2,375 shares during the period. M&T Bank Corp owned 0.57% of Sturm Ruger & Co. worth $6,274,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Quantbot Technologies LP boosted its stake in 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 period. Contravisory Investment Management Inc. acquired a new stake in Sturm Ruger & Co. during the second quarter worth approximately $133,000. Seven Eight Capital LLC acquired a new stake in Sturm Ruger & Co. during the first quarter worth approximately $150,000. PineBridge Investments L.P. boosted its stake in 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 period. Finally, Teacher Retirement System of Texas boosted its stake in 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 period. 71.11% of the stock is currently owned by institutional investors.
Sturm Ruger & Co. (NYSE:RGR) remained flat at $52.50 during midday trading on Friday. 164,704 shares of the stock traded hands. The stock’s 50 day moving average price is $57.13 and its 200 day moving average price is $61.64. The firm has a market capitalization of $995.98 million, a PE ratio of 12.05 and a beta of 0.75. Sturm Ruger & Co. has a 12-month low of $47.15 and a 12-month high of $78.09.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, November 18th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.12%. Sturm Ruger & Co.’s payout ratio is currently 37.79%.
In related news, VP Thomas Patrick Sullivan sold 5,000 shares of the business’s stock in a transaction on Friday, October 7th. The shares were sold at an average price of $55.57, for a total value 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Phillip Widman sold 4,049 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $65.29, for a total transaction of $264,359.21. Following the completion of the sale, the director now directly owns 42,399 shares of the company’s stock, valued at $2,768,230.71. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.
About Sturm Ruger & Co.
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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