US Bancorp DE Sells 832 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

US Bancorp DE lessened its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 30.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,892 shares of the company’s stock after selling 832 shares during the quarter. US Bancorp DE’s holdings in Sturm, Ruger & Company, Inc. were worth $79,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RGR. GAMMA Investing LLC raised its position in shares of Sturm, Ruger & Company, Inc. by 53.8% in the 3rd quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock worth $31,000 after acquiring an additional 257 shares in the last quarter. Palouse Capital Management Inc. acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter worth approximately $77,000. Indiana Trust & Investment Management Co purchased a new position in shares of Sturm, Ruger & Company, Inc. in the 3rd quarter valued at about $108,000. EntryPoint Capital LLC purchased a new stake in Sturm, Ruger & Company, Inc. in the 1st quarter worth $228,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Sturm, Ruger & Company, Inc. during the second quarter valued at approximately $221,000. 64.00% of the stock is owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Trading Down 0.1 %

NYSE:RGR opened at $38.39 on Friday. Sturm, Ruger & Company, Inc. has a twelve month low of $37.96 and a twelve month high of $48.20. The company has a market cap of $644.61 million, a P/E ratio of 22.19 and a beta of 0.17. The company’s 50-day moving average price is $41.08 and its 200-day moving average price is $42.22.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.44 annualized dividend and a yield of 1.15%. Sturm, Ruger & Company, Inc.’s payout ratio is 25.43%.

Sturm, Ruger & Company, Inc. Profile

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern 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.