TIAA CREF Investment Management LLC decreased its position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 6.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,585 shares of the company’s stock after selling 3,455 shares during the period. TIAA CREF Investment Management LLC owned 0.28% of Sturm, Ruger & worth $2,709,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in RGR. Envestnet Asset Management Inc. boosted its position in shares of Sturm, Ruger & by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,220 shares of the company’s stock valued at $116,000 after buying an additional 45 shares during the period. Mason Street Advisors LLC boosted its position in shares of Sturm, Ruger & by 2.1% in the first quarter. Mason Street Advisors LLC now owns 4,234 shares of the company’s stock valued at $227,000 after buying an additional 88 shares during the period. Teachers Advisors LLC boosted its position in shares of Sturm, Ruger & by 1.6% in the first quarter. Teachers Advisors LLC now owns 31,321 shares of the company’s stock valued at $1,677,000 after buying an additional 483 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Sturm, Ruger & by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,480 shares of the company’s stock valued at $552,000 after buying an additional 570 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in shares of Sturm, Ruger & by 3.2% in the first quarter. Great West Life Assurance Co. Can now owns 25,712 shares of the company’s stock valued at $1,374,000 after buying an additional 790 shares during the period. 86.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sturm, Ruger & Company, Inc. (NYSE RGR) opened at 49.25 on Friday. Sturm, Ruger & Company, Inc. has a 1-year low of $47.15 and a 1-year high of $68.60. The company has a market cap of $870.30 million and a PE ratio of 12.48. The firm’s 50-day moving average is $56.23 and its 200-day moving average is $57.25.
Sturm, Ruger & (NYSE:RGR) last announced its earnings results on Wednesday, August 2nd. The company reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.54. The business had revenue of $131.90 million for the quarter, compared to analyst estimates of $159.60 million. Sturm, Ruger & had a return on equity of 29.70% and a net margin of 11.74%. The company’s quarterly revenue was down 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.22 earnings per share. On average, equities analysts forecast that Sturm, Ruger & Company, Inc. will post $3.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Friday, August 11th. Sturm, Ruger &’s payout ratio is 23.47%.
Sturm, Ruger & declared that its board has authorized a share repurchase program on Monday, May 8th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 9.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.
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Several brokerages have recently weighed in on RGR. Zacks Investment Research cut shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a research note on Saturday, July 15th. Forward View upgraded shares of Sturm, Ruger & from a “sell” rating to a “hold” rating in a research note on Sunday, May 14th. BidaskClub cut shares of Sturm, Ruger & from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. ValuEngine cut shares of Sturm, Ruger & from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Wunderlich raised their target price on shares of Sturm, Ruger & from $51.00 to $62.00 and gave the stock a “hold” rating in a research note on Wednesday, May 10th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Sturm, Ruger & currently has a consensus rating of “Hold” and a consensus target price of $60.00.
In related news, Director Ronald C. Whitaker sold 10,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $62.51, for a total value of $625,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Lang sold 20,000 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $66.90, for a total value of $1,338,000.00. Following the completion of the transaction, the insider now directly owns 3,612 shares of the company’s stock, valued at $241,642.80. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
Sturm, Ruger & Company Profile
Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.
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