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

Teacher Retirement System of Texas cut its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 29.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,078 shares of the company’s stock after selling 44,628 shares during the period. Teacher Retirement System of Texas owned about 0.66% of Sturm, Ruger & Company, Inc. worth $4,611,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in RGR. AQR Capital Management LLC increased its position in shares of Sturm, Ruger & Company, Inc. by 239.4% during the first quarter. AQR Capital Management LLC now owns 100,834 shares of the company’s stock worth $3,962,000 after purchasing an additional 71,128 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 buying an additional 390 shares during the last quarter. State of Alaska Department of Revenue increased its position in Sturm, Ruger & Company, Inc. by 5.9% during the second 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 during the period. IFP Advisors Inc increased its position in Sturm, Ruger & Company, Inc. by 28.8% during the second quarter. IFP Advisors Inc now owns 1,799 shares of the company’s stock worth $65,000 after buying an additional 402 shares during the period. Finally, CWM LLC lifted its stake in Sturm, Ruger & Company, Inc. by 56.8% in the second 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 last quarter. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Wall Street Analyst Weigh In

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

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

Shares of RGR stock opened at $38.01 on Wednesday. The stock’s 50-day moving average price is $33.48 and its 200 day moving average price is $36.51. The stock has a market capitalization of $605.88 million, a PE ratio of 292.38 and a beta of 0.20. Sturm, Ruger & Company, Inc. has a 52-week low of $28.33 and a 52-week high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $126.77 million for the quarter, compared to analyst estimates of $124.22 million. During the same period in the previous year, the business posted $0.28 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. Analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 123.08%.

Sturm, Ruger & Company, Inc. 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.