Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Sold by Morgan Dempsey Capital Management LLC

Morgan Dempsey Capital Management LLC decreased its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 1.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 105,023 shares of the company’s stock after selling 1,850 shares during the period. Sturm, Ruger & comprises 2.4% of Morgan Dempsey Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Morgan Dempsey Capital Management LLC owned about 0.59% of Sturm, Ruger & worth $6,527,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RGR. LSV Asset Management boosted its position in Sturm, Ruger & by 135.6% in the first quarter. LSV Asset Management now owns 35,100 shares of the company’s stock worth $1,879,000 after buying an additional 20,200 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in Sturm, Ruger & by 29.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 21,135 shares of the company’s stock worth $1,132,000 after buying an additional 4,843 shares during the period. Great West Life Assurance Co. Can boosted its position in Sturm, Ruger & by 3.2% in the first quarter. Great West Life Assurance Co. Can now owns 25,712 shares of the company’s stock worth $1,374,000 after buying an additional 790 shares during the period. Advisory Services Network LLC purchased a new position in Sturm, Ruger & during the first quarter worth $229,000. Finally, Wells Fargo & Company MN boosted its position in Sturm, Ruger & by 13.5% in the first quarter. Wells Fargo & Company MN now owns 101,768 shares of the company’s stock worth $5,450,000 after buying an additional 12,087 shares during the period. Institutional investors and hedge funds own 86.93% of the company’s stock.

Sturm, Ruger & Company, Inc. (RGR) traded up 1.13% on Friday, hitting $49.25. 190,793 shares of the stock were exchanged. The stock’s 50 day moving average price is $56.23 and its 200 day moving average price is $57.25. Sturm, Ruger & Company, Inc. has a 52-week low of $47.15 and a 52-week high of $68.60. The firm has a market cap of $870.30 million and a PE ratio of 12.48.

Sturm, Ruger & (NYSE:RGR) last released its earnings results on Wednesday, August 2nd. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $1.11 by $0.54. The firm had revenue of $131.90 million during the quarter, compared to analyst estimates of $159.60 million. Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The business’s revenue was down 21.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 earnings per share. Equities research analysts forecast that Sturm, Ruger & Company, Inc. will post $3.69 earnings per share for the current year.

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

Sturm, Ruger & declared that its Board of Directors has initiated a stock repurchase plan on Monday, May 8th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 9.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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A number of research analysts have weighed in on the stock. ValuEngine cut shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Forward View upgraded shares of Sturm, Ruger & from a “sell” rating to a “hold” rating in a report on Sunday, May 14th. Zacks Investment Research upgraded shares of Sturm, Ruger & from a “hold” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a report on Wednesday, May 17th. Wunderlich upped their price target on shares of Sturm, Ruger & from $51.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. Finally, BidaskClub cut shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $60.00.

In other news, Director Ronald C. Whitaker sold 10,000 shares of Sturm, Ruger & 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Lang sold 20,000 shares of Sturm, Ruger & stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $66.90, for a total value of $1,338,000.00. Following the completion of the transaction, the insider now owns 3,612 shares of the company’s stock, valued at approximately $241,642.80. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

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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