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Sturm, Ruger & Company, Inc. Announces The Repurchase of 283,343 Shares of Its Common Stock In The Fourth Quarter of 2016

Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that during the fourth quarter of 2016 the Company repurchased a total of 283,343 shares of its common stock in open market transactions at an aggregate cost of $14.0 million. The average price per share repurchased was $49.43. These repurchases, which accounted for 1.5% of the outstanding shares of the Company's common stock as of the beginning of the fourth quarter, were funded with cash on hand.

At the end of the fourth quarter, $59.0 million remained authorized and available for share repurchases and 18.7 million shares of common stock remained outstanding.