Sturm, Ruger & Company, Inc. $RGR Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 29.6% during the 3rd quarter, Holdings Channel reports. The fund owned 106,078 shares of the company’s stock after selling 44,628 shares during the quarter. Teacher Retirement System of Texas’ holdings in Sturm, Ruger & Company, Inc. were worth $4,611,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in RGR. AQR Capital Management LLC lifted its position in Sturm, Ruger & Company, Inc. by 239.4% in the first quarter. AQR Capital Management LLC now owns 100,834 shares of the company’s stock valued at $3,962,000 after purchasing an additional 71,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sturm, Ruger & Company, Inc. by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company’s stock worth $384,000 after purchasing an additional 390 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Sturm, Ruger & Company, Inc. by 5.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,857 shares of the company’s stock worth $353,000 after buying an additional 553 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Sturm, Ruger & Company, Inc. by 28.8% during the 2nd quarter. IFP Advisors Inc now owns 1,799 shares of the company’s stock worth $65,000 after buying an additional 402 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 56.8% in the 2nd quarter. CWM LLC now owns 7,075 shares of the company’s stock valued at $254,000 after buying an additional 2,562 shares during the period. 64.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Sturm, Ruger & Company, Inc. Trading Up 0.3%

Shares of Sturm, Ruger & Company, Inc. stock opened at $38.01 on Wednesday. Sturm, Ruger & Company, Inc. has a 12-month low of $28.33 and a 12-month high of $48.21. The stock has a market cap of $605.88 million, a PE ratio of 292.38 and a beta of 0.20. The company has a 50-day moving average of $33.48 and a two-hundred day moving average of $36.51.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.26). Sturm, Ruger & Company, Inc. had a return on equity of 8.76% and a net margin of 0.48%.The firm had revenue of $126.77 million for the quarter, compared to analysts’ expectations of $124.22 million. During the same period last year, the firm earned $0.28 EPS. Sturm, Ruger & Company, Inc.’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.16 annualized dividend and a yield of 0.4%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 123.08%.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.