Ruger repurchases stock

RUGER ANNOUNCES REPURCHASE OF SHARES OF COMMON STOCK . . .

Sturm, Ruger & Co. (NYSE:RGR) announced that during the fourth quarter the company repurchased 357,000 shares of its common stock for $2.4 million in the open market, including 309,000 shares repurchased in October 2008 and 48,000 shares repurchased in December 2008.

These repurchased shares represent 1.8 percent of the outstanding shares as of the beginning of the fourth quarter of 2008. The average price per share repurchased was $6.74. These repurchases were funded with cash on hand. At Dec. 31, 2008, $4.7 million remains authorized and available for share repurchases and 19.1 million shares remain outstanding.

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