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

US Bancorp DE reduced its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 30.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,892 shares of the company’s stock after selling 832 shares during the period. US Bancorp DE’s holdings in Sturm, Ruger & Company, Inc. were worth $79,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of Sturm, Ruger & Company, Inc. by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 207,639 shares of the company’s stock worth $8,648,000 after buying an additional 13,460 shares during the period. Assenagon Asset Management S.A. lifted its stake in Sturm, Ruger & Company, Inc. by 112.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 142,729 shares of the company’s stock valued at $5,945,000 after acquiring an additional 75,625 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 4,075.7% in the third quarter. International Assets Investment Management LLC now owns 19,041 shares of the company’s stock worth $794,000 after acquiring an additional 18,585 shares during the period. Impala Asset Management LLC bought a new stake in Sturm, Ruger & Company, Inc. during the second quarter valued at approximately $2,228,000. Finally, Vanguard Group Inc. increased its position in Sturm, Ruger & Company, Inc. by 4.3% in the first quarter. Vanguard Group Inc. now owns 2,119,506 shares of the company’s stock worth $97,815,000 after buying an additional 86,532 shares in the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Price Performance

Shares of RGR stock opened at $38.39 on Friday. The company’s fifty day moving average price is $41.08 and its 200-day moving average price is $42.22. The company has a market capitalization of $644.61 million, a price-to-earnings ratio of 22.19 and a beta of 0.17. Sturm, Ruger & Company, Inc. has a one year low of $37.96 and a one year high of $48.20.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 1.15%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently 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.