Sturm Ruger & Company (RGR) : Abdiel Capital Advisors Lp reduced its stake in Sturm Ruger & Company by 59.61% during the most recent quarter end. The investment management company now holds a total of 422,836 shares of Sturm Ruger & Company which is valued at $27.5 Million after selling 623,972 shares in Sturm Ruger & Company , the firm said in a disclosure report filed with the SEC on May 12, 2016.Sturm Ruger & Company makes up approximately 13.36% of Abdiel Capital Advisors Lp’s portfolio.
Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in RGR by selling 100 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 8,399 shares of RGR which is valued at $546,271.Blackrock Group Ltd boosted its stake in RGR in the latest quarter, The investment management firm added 1,901 additional shares and now holds a total of 26,780 shares of Sturm Ruger & Company which is valued at $1.7 Million. Secor Capital Advisors Lp added RGR to its portfolio by purchasing 4,756 company shares during the most recent quarter which is valued at $309,330. Sturm Ruger & Company makes up approx 0.06% of Secor Capital Advisors Lp’s portfolio. Cambridge Investment Research Advisors added RGR to its portfolio by purchasing 5,427 company shares during the most recent quarter which is valued at $356,662. Sturm Ruger & Company makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.
Sturm Ruger & Company opened for trading at $65.11 and hit $65.94 on the upside on Friday, eventually ending the session at $65.77, with a gain of 1.39% or 0.9 points. The heightened volatility saw the trading volume jump to 1,37,480 shares. Company has a market cap of $1,247,197 M.
On the company’s financial health, Sturm Ruger & Company reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.96. The company had revenue of $173.10 million for the quarter, compared to analysts expectations of $147.42 million. The company’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.
Many Wall Street Analysts have commented on Sturm Ruger & Company. Company shares were Reiterated by Dougherty & Company on Feb 25, 2016 to “Buy”, Firm has raised the Price Target to $ 68 from a previous price target of $61 .
Sturm Ruger & Company Inc. is engaged in the design manufacture and sale of firearms to domestic customers. The Company has two reportable segments: firearms and castings. The firearms segment manufactures and sells rifles pistols revolvers and shotguns principally to a number of federally-licensed independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding (MIM) parts. The Company offers products in four industry product categories rifles pistols shotguns and revolvers. The Companys firearms are sold through independent wholesale distributors principally to the commercial sporting market.