Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 1.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 15,592 shares of the company’s stock after selling 252 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Sturm, Ruger & Company, Inc. were worth $826,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in Sturm, Ruger & Company, Inc. in the second quarter valued at about $26,000. Spire Wealth Management increased its stake in Sturm, Ruger & Company, Inc. by 148.4% during the first quarter. Spire Wealth Management now owns 996 shares of the company’s stock worth $57,000 after purchasing an additional 595 shares during the period. Geneos Wealth Management Inc. increased its stake in Sturm, Ruger & Company, Inc. by 44.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,139 shares of the company’s stock worth $79,000 after purchasing an additional 352 shares during the period. Morgan Dempsey Capital Management LLC increased its stake in Sturm, Ruger & Company, Inc. by 23.0% during the first quarter. Morgan Dempsey Capital Management LLC now owns 1,341 shares of the company’s stock worth $93,000 after purchasing an additional 251 shares during the period. Finally, Fortis Capital Advisors LLC purchased a new stake in Sturm, Ruger & Company, Inc. during the fourth quarter worth about $114,000. Institutional investors and hedge funds own 64.23% of the company’s stock.

Wall Street Analyst Weigh In

RGR has been the topic of a number of recent research reports. StockNews.com lowered shares of Sturm, Ruger & Company, Inc. from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 3rd. TheStreet lowered shares of Sturm, Ruger & Company, Inc. from a “b-” rating to a “c” rating in a research note on Friday, November 3rd. Finally, Aegis reiterated a “hold” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Tuesday, September 12th.

Sturm, Ruger & Company, Inc. Stock Performance

RGR stock opened at $45.06 on Tuesday. The company’s 50 day moving average price is $50.69 and its 200 day moving average price is $52.07. Sturm, Ruger & Company, Inc. has a fifty-two week low of $43.09 and a fifty-two week high of $63.21. The firm has a market capitalization of $798.46 million, a price-to-earnings ratio of 14.08 and a beta of 0.41.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its earnings results on Wednesday, November 1st. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.46). Sturm, Ruger & Company, Inc. had a return on equity of 17.42% and a net margin of 10.12%. The firm had revenue of $120.89 million for the quarter, compared to analysts’ expectations of $137.42 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was down 13.3% on a year-over-year basis. Equities analysts forecast that Sturm, Ruger & Company, Inc. will post 3.66 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, November 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is 21.25%.

Insider Activity at Sturm, Ruger & Company, Inc.

In other news, Director Amir Rosenthal sold 500 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $55.00, for a total value of $27,500.00. Following the completion of the sale, the director now directly owns 16,652 shares of the company’s stock, valued at $915,860. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Sturm, Ruger & Company, Inc. news, VP Michael W. Wilson sold 919 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $55.00, for a total value of $50,545.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amir Rosenthal sold 500 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $55.00, for a total value of $27,500.00. Following the completion of the transaction, the director now owns 16,652 shares of the company’s stock, valued at approximately $915,860. The disclosure for this sale can be found here. Insiders sold 2,106 shares of company stock valued at $115,830 over the last three months. 2.30% of the stock is owned by corporate insiders.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates through two segments, Firearms and Castings. The company provides single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.