Sturm, Ruger & Company, Inc. announced that during the fourth quarter of 2008 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% 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.