Sturm, Ruger & Company, Inc. $RGR Stake Boosted by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 232.1% 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 37,411 shares of the company’s stock after purchasing an additional 26,145 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.23% of Sturm, Ruger & Company, Inc. worth $1,626,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RGR. Jones Financial Companies Lllp lifted its position in shares of Sturm, Ruger & Company, Inc. by 32.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,992 shares of the company’s stock worth $173,000 after buying an additional 989 shares during the last quarter. AlphaQuest LLC raised its stake in Sturm, Ruger & Company, Inc. by 11.9% during the third quarter. AlphaQuest LLC now owns 8,302 shares of the company’s stock worth $361,000 after acquiring an additional 882 shares during the period. Arizona State Retirement System bought a new position in Sturm, Ruger & Company, Inc. in the third quarter worth about $213,000. Ballentine Partners LLC boosted its stake in Sturm, Ruger & Company, Inc. by 4.9% in the third quarter. Ballentine Partners LLC now owns 9,507 shares of the company’s stock valued at $413,000 after acquiring an additional 442 shares during the period. Finally, SummerHaven Investment Management LLC acquired a new position in Sturm, Ruger & Company, Inc. in the third quarter valued at approximately $1,029,000. 64.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Sturm, Ruger & Company, Inc. Price Performance

NYSE RGR opened at $37.38 on Friday. Sturm, Ruger & Company, Inc. has a 12 month low of $28.33 and a 12 month high of $48.21. The firm has a market capitalization of $595.87 million, a PE ratio of 287.55 and a beta of 0.20. The company’s 50 day simple moving average is $35.27 and its 200 day simple moving average is $36.68.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.