firearm search
firearm search

News

News

Information in news articles is current as of the date of publication. Product specifications and other details are subject to change over time.

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.