Sturm, Ruger & Company, Inc. $RGR Stake Raised by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 232.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,411 shares of the company’s stock after acquiring an additional 26,145 shares during the quarter. Allianz Asset Management GmbH’s holdings in Sturm, Ruger & Company, Inc. were worth $1,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC lifted its stake in Sturm, Ruger & Company, Inc. by 239.4% during the first quarter. AQR Capital Management LLC now owns 100,834 shares of the company’s stock valued at $3,962,000 after purchasing an additional 71,128 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Sturm, Ruger & Company, Inc. in the third quarter worth approximately $1,931,000. American Century Companies Inc. increased its holdings in shares of Sturm, Ruger & Company, Inc. by 27.1% in the second quarter. American Century Companies Inc. now owns 202,284 shares of the company’s stock valued at $7,262,000 after buying an additional 43,079 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter valued at $1,700,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter valued at $1,105,000. Institutional investors and hedge funds own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Price Performance

NYSE:RGR opened at $37.38 on Friday. Sturm, Ruger & Company, Inc. has a fifty-two week low of $28.33 and a fifty-two week high of $48.21. The stock’s 50-day moving average is $35.27 and its two-hundred day moving average is $36.68. The stock has a market cap of $595.87 million, a PE ratio of 287.55 and a beta of 0.20.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.