Principal Financial Group Inc. Sells 6,368 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Principal Financial Group Inc. trimmed its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 7.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,600 shares of the company’s stock after selling 6,368 shares during the quarter. Principal Financial Group Inc. owned 0.47% of Sturm, Ruger & Company, Inc. worth $3,318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of RGR. Vanguard Group Inc. grew its stake in shares of Sturm, Ruger & Company, Inc. by 4.3% during the first quarter. Vanguard Group Inc. now owns 2,119,506 shares of the company’s stock valued at $97,815,000 after purchasing an additional 86,532 shares during the last quarter. Assenagon Asset Management S.A. boosted its position 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 worth $5,945,000 after acquiring an additional 75,625 shares during the last quarter. Impala Asset Management LLC acquired a new stake in Sturm, Ruger & Company, Inc. in the 2nd quarter valued at $2,228,000. Deprince Race & Zollo Inc. acquired a new position in Sturm, Ruger & Company, Inc. during the second quarter valued at approximately $1,984,000. Finally, SG Americas Securities LLC bought a new position in shares of Sturm, Ruger & Company, Inc. in the second quarter valued at $1,332,000. 64.00% of the stock is currently owned by institutional investors.

Sturm, Ruger & Company, Inc. Stock Up 0.1 %

RGR opened at $37.42 on Friday. The business has a 50 day moving average of $40.91 and a 200-day moving average of $42.00. The stock has a market cap of $628.30 million, a price-to-earnings ratio of 21.60 and a beta of 0.17. Sturm, Ruger & Company, Inc. has a 12-month low of $37.18 and a 12-month high of $48.20.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.44 annualized dividend and a dividend yield of 1.18%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 25.43%.

About Sturm, Ruger & Company, Inc.

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.