Fifth Third Bancorp Sells 541 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Fifth Third Bancorp trimmed its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGRGet Rating) by 48.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 586 shares of the company’s stock after selling 541 shares during the quarter. Fifth Third Bancorp’s holdings in Sturm, Ruger & Company, Inc. were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RGR. Meeder Asset Management Inc. boosted its position in Sturm, Ruger & Company, Inc. by 1,472.0% during the second quarter. Meeder Asset Management Inc. now owns 393 shares of the company’s stock worth $25,000 after purchasing an additional 368 shares during the period. Hexagon Capital Partners LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the third quarter worth $26,000. Point72 Hong Kong Ltd acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the second quarter worth $26,000. Heritage Wealth Management LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the second quarter worth $51,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 44.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,139 shares of the company’s stock worth $79,000 after buying an additional 352 shares in the last quarter. 68.97% of the stock is owned by institutional investors.

Sturm, Ruger & Company, Inc. Stock Up 1.0 %

RGR stock opened at $55.21 on Friday. The company has a market cap of $975.56 million, a PE ratio of 9.14 and a beta of 0.47. The business has a 50-day simple moving average of $54.52 and a 200 day simple moving average of $55.95. Sturm, Ruger & Company, Inc. has a 52 week low of $49.50 and a 52 week high of $74.88.

Sturm, Ruger & Company, Inc. (NYSE:RGRGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $1.03 EPS for the quarter. The business had revenue of $139.39 million during the quarter. Sturm, Ruger & Company, Inc. had a return on equity of 28.16% and a net margin of 17.49%.

Sturm, Ruger & Company, Inc. Dividend Announcement

The business also recently declared a special dividend, which was paid on Thursday, January 5th. Investors of record on Thursday, December 15th were paid a $5.00 dividend. The ex-dividend date was Wednesday, December 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is presently 27.15%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Sturm, Ruger & Company, Inc. in a report on Wednesday, October 12th. They set a “buy” rating for the company.

Insider Activity at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, VP Kevin B. Sr Reid, Sr. sold 2,500 shares of the business’s stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $62.50, for a total transaction of $156,250.00. Following the completion of the transaction, the vice president now owns 14,947 shares of the company’s stock, valued at $934,187.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by insiders.

About Sturm, Ruger & Company, Inc.

(Get Rating)

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates through two segments, Firearms and Castings. The company provides single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.

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

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