Sturm, Ruger & Company, Inc. Announces Expansion of Its Stock Repurchase Program to $10 Million
SOUTHPORT, Conn.--(AmmoLand.com)- Sturm, Ruger & Company, Inc. (NYSE: RGR) today announced that its Board of Directors has expanded its stock repurchase program from $4.7 million to $10 million.
The Company is now authorized to repurchase up to $10 million of its common stock from time to time in the open market or through privately negotiated transactions.
About Sturm, Ruger
Sturm, Ruger was founded in 1949 and is one of the nation’s leading manufacturers of high-quality firearms for the commercial sporting market. Sturm, Ruger is headquartered in Southport, CT, with manufacturing facilities located in Newport, NH and Prescott, AZ.