Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 74.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 131,093 shares of the company’s stock after acquiring an additional 56,087 shares during the period. Teacher Retirement System of Texas’ holdings in Sturm, Ruger & Company, Inc. were worth $4,637,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in RGR. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Sturm, Ruger & Company, Inc. by 18.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,499 shares of the company’s stock worth $937,000 after purchasing an additional 4,218 shares in the last quarter. AlphaQuest LLC lifted its stake in Sturm, Ruger & Company, Inc. by 38.9% during the 4th quarter. AlphaQuest LLC now owns 30,396 shares of the company’s stock worth $1,075,000 after acquiring an additional 8,519 shares in the last quarter. Inceptionr LLC acquired a new position in Sturm, Ruger & Company, Inc. during the 4th quarter worth about $321,000. Raymond James Financial Inc. purchased a new position in Sturm, Ruger & Company, Inc. during the 4th quarter valued at about $410,000. Finally, Aigen Investment Management LP grew its position in Sturm, Ruger & Company, Inc. by 57.9% in the 4th quarter. Aigen Investment Management LP now owns 11,859 shares of the company’s stock valued at $419,000 after acquiring an additional 4,349 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 24th.

Sturm, Ruger & Company, Inc. Stock Up 0.4 %

Shares of NYSE:RGR opened at $39.56 on Tuesday. Sturm, Ruger & Company, Inc. has a fifty-two week low of $34.11 and a fifty-two week high of $48.20. The firm’s 50 day moving average price is $37.63 and its 200 day moving average price is $38.49. The stock has a market cap of $663.02 million, a price-to-earnings ratio of 22.35 and a beta of 0.15.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.62. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The company had revenue of $145.78 million for the quarter, compared to analysts’ expectations of $137.77 million. During the same period last year, the firm earned $0.58 earnings per share. On average, equities analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.43%. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, March 14th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is 54.24%.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.