Texas Permanent School Fund Corp Lowers Stake in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Texas Permanent School Fund Corp lowered its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,592 shares of the company’s stock after selling 252 shares during the quarter. Texas Permanent School Fund Corp owned 0.09% of Sturm, Ruger & Company, Inc. worth $826,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new position in Sturm, Ruger & Company, Inc. during the second quarter valued at approximately $26,000. Spire Wealth Management lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 148.4% in the first quarter. Spire Wealth Management now owns 996 shares of the company’s stock worth $57,000 after buying an additional 595 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 44.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,139 shares of the company’s stock worth $79,000 after buying an additional 352 shares in the last quarter. Morgan Dempsey Capital Management LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 23.0% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,341 shares of the company’s stock worth $93,000 after buying an additional 251 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 27.5% in the first quarter. Captrust Financial Advisors now owns 2,118 shares of the company’s stock worth $147,000 after buying an additional 457 shares in the last quarter. Hedge funds and other institutional investors own 64.23% of the company’s stock.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of RGR opened at $45.06 on Tuesday. The company’s fifty day moving average is $50.69 and its 200 day moving average 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 stock has a market capitalization of $798.46 million, a PE ratio of 14.08 and a beta of 0.41.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $120.89 million during the quarter, compared to the consensus estimate of $137.42 million. During the same quarter in the prior year, the firm posted $1.03 EPS. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. As a group, research analysts forecast that Sturm, Ruger & Company, Inc. will post 3.66 earnings per share for the current 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 given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.51%. The ex-dividend date is Tuesday, November 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 21.25%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Sturm, Ruger & Company, Inc. news, Director Amir Rosenthal sold 500 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $55.00, for a total transaction of $27,500.00. Following the transaction, the director now owns 16,652 shares in the company, valued at $915,860. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Sturm, Ruger & Company, Inc. news, VP Michael W. Wilson sold 919 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $55.00, for a total transaction of $50,545.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Amir Rosenthal sold 500 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $55.00, for a total transaction of $27,500.00. Following the transaction, the director now owns 16,652 shares in the company, valued at approximately $915,860. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,106 shares of company stock worth $115,830. Insiders own 2.30% of the company’s stock.

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.