State of Tennessee Treasury Department cut its stake in shares of Sturm Ruger & Co (NYSE:RGR) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,410 shares of the company’s stock after selling 1,569 shares during the period. State of Tennessee Treasury Department owned approximately 0.08% of Sturm Ruger & Co worth $805,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Sturm Ruger & Co by 3.0% during the fourth quarter. BlackRock Inc. now owns 2,948,467 shares of the company’s stock worth $164,671,000 after purchasing an additional 85,318 shares during the period. Schroder Investment Management Group grew its stake in shares of Sturm Ruger & Co by 41.3% during the fourth quarter. Schroder Investment Management Group now owns 13,506 shares of the company’s stock worth $754,000 after purchasing an additional 3,950 shares during the period. Arizona State Retirement System grew its stake in shares of Sturm Ruger & Co by 220.3% during the fourth quarter. Arizona State Retirement System now owns 29,291 shares of the company’s stock worth $1,636,000 after purchasing an additional 20,146 shares during the period. Pinebridge Investments L.P. grew its stake in shares of Sturm Ruger & Co by 24.3% during the fourth quarter. Pinebridge Investments L.P. now owns 24,228 shares of the company’s stock worth $1,353,000 after purchasing an additional 4,739 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Sturm Ruger & Co during the fourth quarter worth $337,000. 88.51% of the stock is owned by institutional investors and hedge funds.
RGR stock traded down $1.40 during midday trading on Friday, hitting $54.90. 242,454 shares of the company’s stock were exchanged, compared to its average volume of 299,905. The firm has a market cap of $963.72, a PE ratio of 19.06 and a beta of -0.02. Sturm Ruger & Co has a one year low of $43.00 and a one year high of $68.80.
Sturm Ruger & Co (NYSE:RGR) last posted its earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.21). The business had revenue of $118.20 million for the quarter, compared to the consensus estimate of $134.50 million. Sturm Ruger & Co had a return on equity of 22.81% and a net margin of 9.98%. The business’s revenue was down 26.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 earnings per share. sell-side analysts expect that Sturm Ruger & Co will post 3.42 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This is a positive change from Sturm Ruger & Co’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 1.68%. Sturm Ruger & Co’s payout ratio is currently 31.94%.
Separately, Zacks Investment Research cut Sturm Ruger & Co from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $64.50.
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Sturm Ruger & Co Company Profile
Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates in two segments, Firearms and Castings. The company offers 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.
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