New York State Teachers Retirement System lowered its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR – Free Report) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,398 shares of the company’s stock after selling 300 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Sturm, Ruger & Company, Inc. worth $1,027,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in RGR. Norges Bank bought a new stake in shares of Sturm, Ruger & Company, Inc. during the fourth quarter worth $8,259,000. Goldman Sachs Group Inc. grew its stake in shares of Sturm, Ruger & Company, Inc. by 212.9% during the first quarter. Goldman Sachs Group Inc. now owns 156,343 shares of the company’s stock worth $10,885,000 after purchasing an additional 106,379 shares during the period. First Trust Advisors LP grew its stake in shares of Sturm, Ruger & Company, Inc. by 42.6% during the first quarter. First Trust Advisors LP now owns 274,877 shares of the company’s stock worth $15,789,000 after purchasing an additional 82,171 shares during the period. Lazard Asset Management LLC grew its stake in shares of Sturm, Ruger & Company, Inc. by 1,778.9% during the first quarter. Lazard Asset Management LLC now owns 62,736 shares of the company’s stock worth $4,367,000 after purchasing an additional 59,397 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Sturm, Ruger & Company, Inc. by 2.0% during the first quarter. BlackRock Inc. now owns 2,848,464 shares of the company’s stock worth $198,308,000 after purchasing an additional 55,793 shares during the period. Institutional investors own 64.23% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on RGR shares. StockNews.com raised Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 13th. Aegis reaffirmed a “hold” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Tuesday, September 12th.
Insider Buying and Selling at Sturm, Ruger & Company, Inc.
In other Sturm, Ruger & Company, Inc. news, Director Amir Rosenthal sold 500 shares of the business’s stock in a transaction dated 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 directly owns 16,652 shares of the company’s stock, valued at $915,860. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Amir Rosenthal sold 500 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $55.00, for a total value of $27,500.00. Following the sale, the director now directly owns 16,652 shares in the company, valued at $915,860. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Michael W. Wilson sold 687 shares of the business’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $55.00, for a total value of $37,785.00. Following the completion of the sale, the vice president now owns 1,290 shares in the company, valued at $70,950. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
Sturm, Ruger & Company, Inc. Stock Down 0.1 %
Shares of Sturm, Ruger & Company, Inc. stock opened at $53.38 on Wednesday. Sturm, Ruger & Company, Inc. has a 12 month low of $49.45 and a 12 month high of $63.21. The stock has a market cap of $945.89 million, a PE ratio of 14.01 and a beta of 0.48. The business has a fifty day simple moving average of $52.10 and a 200 day simple moving average of $53.38.
Sturm, Ruger & Company, Inc. (NYSE:RGR – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. Sturm, Ruger & Company, Inc. had a return on equity of 19.81% and a net margin of 11.69%. The firm had revenue of $142.80 million during the quarter, compared to analysts’ expectations of $137.91 million. During the same period in the previous year, the firm earned $1.17 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. Analysts expect that Sturm, Ruger & Company, Inc. will post 3.66 EPS for the current fiscal year.
Sturm, Ruger & Company, Inc. Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 15th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.70%. This is a boost from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, August 14th. Sturm, Ruger & Company, Inc.’s payout ratio is presently 37.80%.
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.
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