New York State Teachers Retirement System Has $276,000 Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

New York State Teachers Retirement System reduced its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 57.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,798 shares of the company’s stock after selling 10,600 shares during the quarter. New York State Teachers Retirement System’s holdings in Sturm, Ruger & Company, Inc. were worth $276,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Rule One Partners LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. during the third quarter valued at approximately $9,142,000. JPMorgan Chase & Co. lifted its holdings in Sturm, Ruger & Company, Inc. by 11.9% in the third quarter. JPMorgan Chase & Co. now owns 60,859 shares of the company’s stock valued at $2,537,000 after buying an additional 6,483 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Sturm, Ruger & Company, Inc. by 5.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 51,473 shares of the company’s stock valued at $1,821,000 after buying an additional 2,733 shares during the period. Weiss Asset Management LP acquired a new stake in Sturm, Ruger & Company, Inc. in the third quarter worth $2,065,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Sturm, Ruger & Company, Inc. by 323,785.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company’s stock worth $802,000 after purchasing an additional 22,665 shares during the period. 64.00% of the stock is owned by institutional investors.

Sturm, Ruger & Company, Inc. Stock Performance

RGR opened at $39.77 on Tuesday. The firm’s fifty day moving average is $35.66 and its two-hundred day moving average is $38.77. The firm has a market cap of $666.54 million, a PE ratio of 22.47 and a beta of 0.18. Sturm, Ruger & Company, Inc. has a twelve month low of $34.11 and a twelve month high of $48.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The company had revenue of $145.78 million for the quarter, compared to analyst estimates of $137.77 million. During the same period last year, the business posted $0.58 earnings per share. Equities analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.41%. This is a positive change 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 presently 54.24%.

Analysts Set New Price Targets

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

Sturm, Ruger & Company, Inc. Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates under 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.