IMS Capital Management held its stake in Sturm Ruger & Co. (NYSE:RGR) during the second quarter, Holdings Channel reports. The institutional investor owned 3,900 shares of the company’s stock at the end of the second quarter. IMS Capital Management’s holdings in Sturm Ruger & Co. were worth $250,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. Aperio Group LLC raised its stake in Sturm Ruger & Co. by 2.8% in the first quarter. Aperio Group LLC now owns 4,282 shares of the company’s stock worth $293,000 after buying an additional 115 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Sturm Ruger & Co. by 9.9% in the first quarter. TIAA CREF Investment Management LLC now owns 99,045 shares of the company’s stock worth $6,773,000 after buying an additional 8,884 shares in the last quarter. BlackRock Group LTD raised its stake in Sturm Ruger & Co. by 7.6% in the first quarter. BlackRock Group LTD now owns 26,780 shares of the company’s stock worth $1,831,000 after buying an additional 1,901 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Sturm Ruger & Co. by 1.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 451,823 shares of the company’s stock worth $30,896,000 after buying an additional 8,611 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Sturm Ruger & Co. during the first quarter worth $202,000. Institutional investors own 70.67% of the company’s stock.
Sturm Ruger & Co. (NYSE:RGR) traded up 0.85% during midday trading on Friday, hitting $59.40. 169,437 shares of the company were exchanged. The firm has a market capitalization of $1.13 billion, a PE ratio of 15.10 and a beta of 0.90. Sturm Ruger & Co. has a 1-year low of $48.10 and a 1-year high of $78.09. The stock has a 50 day moving average of $57.25 and a 200 day moving average of $62.96.
Sturm Ruger & Co. (NYSE:RGR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.07. The business had revenue of $167.90 million for 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 analysts predict that Sturm Ruger & Co. will post $3.78 earnings per share for the current fiscal year.
In other Sturm Ruger & Co. news, VP Thomas Patrick Sullivan sold 5,000 shares of the firm’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 sale, the vice president now owns 28,355 shares of the company’s stock, valued at approximately $1,575,687.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.30% of the stock is currently owned by company insiders.
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.