Dubuque Bank & Trust Co. Takes Position in Sturm, Ruger & Company, Inc. (RGR)

Dubuque Bank & Trust Co. bought a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,065 shares of the company’s stock, valued at approximately $128,000.

Several other hedge funds and other institutional investors have also modified their holdings of RGR. Creative Planning increased its position in shares of Sturm, Ruger & by 6.3% in the first quarter. Creative Planning now owns 20,801 shares of the company’s stock valued at $1,114,000 after buying an additional 1,234 shares in the last quarter. USA Financial Portformulas Corp increased its position in shares of Sturm, Ruger & by 13.3% in the fourth quarter. USA Financial Portformulas Corp now owns 20,196 shares of the company’s stock valued at $1,064,000 after buying an additional 2,365 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Sturm, Ruger & by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,480 shares of the company’s stock valued at $552,000 after buying an additional 570 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Sturm, Ruger & by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 666,421 shares of the company’s stock valued at $35,120,000 after buying an additional 2,065 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Sturm, Ruger & by 56.0% in the first quarter. Fifth Third Bancorp now owns 15,077 shares of the company’s stock valued at $807,000 after buying an additional 5,412 shares in the last quarter. Institutional investors own 86.93% of the company’s stock.

Shares of Sturm, Ruger & Company, Inc. (RGR) traded up 1.13% during trading on Friday, reaching $49.25. The company’s stock had a trading volume of 190,793 shares. The stock has a 50-day moving average of $56.23 and a 200-day moving average of $57.25. The stock has a market cap of $870.30 million and a P/E ratio of 12.48. Sturm, Ruger & Company, Inc. has a 52-week low of $47.15 and a 52-week high of $68.60.

Sturm, Ruger & (NYSE:RGR) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.54. The company had revenue of $131.90 million during the quarter, compared to analysts’ expectations of $159.60 million. Sturm, Ruger & had a return on equity of 29.70% and a net margin of 11.74%. The firm’s quarterly revenue was down 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 EPS. Analysts predict that Sturm, Ruger & Company, Inc. will post $3.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.87%. Sturm, Ruger &’s dividend payout ratio is currently 23.47%.

Sturm, Ruger & announced that its board has initiated a stock buyback program on Monday, May 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 9.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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Several analysts recently weighed in on RGR shares. Zacks Investment Research cut Sturm, Ruger & from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. BidaskClub cut Sturm, Ruger & from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Wunderlich lifted their price target on Sturm, Ruger & from $51.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. ValuEngine cut Sturm, Ruger & from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Forward View raised Sturm, Ruger & from a “sell” rating to a “hold” rating in a report on Sunday, May 14th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $60.00.

In related news, Director Ronald C. Whitaker sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $62.51, for a total value of $625,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Lang sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $66.90, for a total value of $1,338,000.00. Following the completion of the sale, the insider now directly owns 3,612 shares in the company, valued at $241,642.80. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.

Sturm, Ruger & Company Profile

Sturm, Ruger & Company, Inc 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 principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.

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

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