The Swiss National Bank Sells 1,100 Shares of Sturm Ruger & Co. (RGR)

The Swiss National Bank Sells 1,100 Shares of Sturm Ruger & Co. (RGR)

Swiss National Bank lowered its stake in shares of Sturm Ruger & Co. (NYSE:RGR) by 3.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 30,100 shares of the company’s stock after selling 1,100 shares during the period. Swiss National Bank’s holdings in Sturm Ruger & Co. were worth $1,739,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Sturm Ruger & Co. by 8.9% in the second quarter. Vanguard Group Inc. now owns 1,974,713 shares of the company’s stock valued at $126,403,000 after buying an additional 162,084 shares in the last quarter. WBI Investments Inc. acquired a new stake in shares of Sturm Ruger & Co. during the second quarter valued at $8,159,000. Prudential Financial Inc. boosted its stake in shares of Sturm Ruger & Co. by 108.2% in the second quarter. Prudential Financial Inc. now owns 214,872 shares of the company’s stock valued at $13,754,000 after buying an additional 111,660 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Sturm Ruger & Co. by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 647,150 shares of the company’s stock valued at $41,424,000 after buying an additional 64,047 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of Sturm Ruger & Co. by 4.9% in the second quarter. BlackRock Fund Advisors now owns 1,340,446 shares of the company’s stock valued at $85,802,000 after buying an additional 63,108 shares in the last quarter. Hedge funds and other institutional investors own 67.79% of the company’s stock.

Sturm Ruger & Co. (NYSE:RGR) remained flat at $51.55 on Thursday. 335,878 shares of the company’s stock were exchanged. The stock has a 50 day moving average of $52.42 and a 200 day moving average of $58.73. The stock has a market cap of $977.96 million, a price-to-earnings ratio of 11.83 and a beta of 0.67. Sturm Ruger & Co. has a 12 month low of $47.15 and a 12 month high of $78.09.

Separately, Forward View restated a “hold” rating on shares of Sturm Ruger & Co. in a research report on Friday, December 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $65.00.

In other news, VP Thomas Patrick Sullivan sold 5,000 shares of the stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the transaction, the vice president now owns 18,355 shares in the company, valued at approximately $954,460. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Phillip Widman sold 4,049 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $65.29, for a total value of $264,359.21. Following the transaction, the director now owns 42,399 shares in the company, valued at approximately $2,768,230.71. The disclosure for this sale can be found here. Insiders have sold a total of 14,049 shares of company stock worth $849,059 in the last quarter. Insiders own 3.30% of the company’s stock.

Sturm Ruger & Co. Company Profile

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.

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