State Street Corp Sells 28,730 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

State Street Corp lowered its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 4.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 616,246 shares of the company’s stock after selling 28,730 shares during the quarter. State Street Corp’s holdings in Sturm, Ruger & Company, Inc. were worth $25,685,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake 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 valued at $31,000 after purchasing an additional 257 shares in the last quarter. Palouse Capital Management Inc. bought a new stake in Sturm, Ruger & Company, Inc. in the second quarter worth $77,000. FMR LLC lifted its stake in Sturm, Ruger & Company, Inc. by 127.6% in the third quarter. FMR LLC now owns 2,572 shares of the company’s stock worth $107,000 after purchasing an additional 1,442 shares during the last quarter. Indiana Trust & Investment Management Co purchased a new stake in Sturm, Ruger & Company, Inc. during the third quarter valued at about $108,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Sturm, Ruger & Company, Inc. during the second quarter valued at about $221,000. 64.00% of the stock is currently owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Trading Down 0.9 %

RGR opened at $34.93 on Monday. The company has a market cap of $586.51 million, a P/E ratio of 20.19 and a beta of 0.16. Sturm, Ruger & Company, Inc. has a 12 month low of $34.80 and a 12 month high of $48.20. The business’s 50-day moving average price is $38.95 and its 200-day moving average price is $40.99.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.11 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.26%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 25.43%.

Sturm, Ruger & Company, Inc. Company 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.