Texas Permanent School Fund Corp Buys 5,223 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Texas Permanent School Fund Corp raised its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 33.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,734 shares of the company’s stock after acquiring an additional 5,223 shares during the period. Texas Permanent School Fund Corp owned approximately 0.12% of Sturm, Ruger & Company, Inc. worth $864,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of RGR. Charles Schwab Investment Management Inc. grew its position in shares of Sturm, Ruger & Company, Inc. by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,610 shares of the company’s stock valued at $25,752,000 after purchasing an additional 5,400 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Sturm, Ruger & Company, Inc. by 2.3% during the 4th quarter. BNP Paribas Financial Markets now owns 22,874 shares of the company’s stock valued at $1,040,000 after buying an additional 520 shares in the last quarter. Advisory Services Network LLC bought a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter worth approximately $182,000. Wellington Management Group LLP raised its holdings in shares of Sturm, Ruger & Company, Inc. by 16.1% during the 4th quarter. Wellington Management Group LLP now owns 119,211 shares of the company’s stock worth $5,418,000 after acquiring an additional 16,553 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Sturm, Ruger & Company, Inc. by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 2,032,974 shares of the company’s stock valued at $92,399,000 after acquiring an additional 35,815 shares during the last quarter. 64.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Sarah F. Colbert sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $45.14, for a total value of $90,280.00. Following the completion of the sale, the vice president now directly owns 32,080 shares of the company’s stock, valued at approximately $1,448,091.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is currently owned by insiders.

Sturm, Ruger & Company, Inc. Stock Performance

RGR stock opened at $41.72 on Friday. The firm has a fifty day moving average price of $42.37 and a 200 day moving average price of $43.56. Sturm, Ruger & Company, Inc. has a fifty-two week low of $40.21 and a fifty-two week high of $55.94. The firm has a market cap of $725.97 million, a PE ratio of 18.06 and a beta of 0.17.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.29). Sturm, Ruger & Company, Inc. had a return on equity of 10.00% and a net margin of 6.36%. The business had revenue of $130.76 million during the quarter, compared to analysts’ expectations of $137.60 million. During the same period in the previous year, the business earned $0.91 earnings per share. The business’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities analysts predict that Sturm, Ruger & Company, Inc. will post 2.19 EPS for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a $0.19 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.76 annualized dividend and a yield of 1.82%. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.16. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 32.90%.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern 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.