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

New York State Teachers Retirement System reduced its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 57.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

Other large investors have also bought and sold shares of the company. Aigen Investment Management LP increased its position in Sturm, Ruger & Company, Inc. by 7.5% in the 3rd quarter. Aigen Investment Management LP now owns 7,510 shares of the company's stock valued at $313,000 after acquiring an additional 527 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Sturm, Ruger & Company, Inc. by 9.2% in the third quarter. HighTower Advisors LLC now owns 10,162 shares of the company's stock valued at $432,000 after purchasing an additional 854 shares in the last quarter. FMR LLC increased its holdings in shares of Sturm, Ruger & Company, Inc. by 127.6% in the third quarter. FMR LLC now owns 2,572 shares of the company's stock valued at $107,000 after purchasing an additional 1,442 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Sturm, Ruger & Company, Inc. by 5.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 51,473 shares of the company's stock worth $1,821,000 after purchasing an additional 2,733 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in Sturm, Ruger & Company, Inc. by 64.4% during the 3rd quarter. Intech Investment Management LLC now owns 12,279 shares of the company's stock worth $512,000 after buying an additional 4,810 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Sturm, Ruger & Company, Inc. from a "buy" rating to a "strong-buy" rating in a research note on Monday.

Sturm, Ruger & Company, Inc. Price Performance

Shares of NYSE RGR traded down $0.09 during mid-day trading on Friday, hitting $39.51. The company's stock had a trading volume of 158,938 shares, compared to its average volume of 144,032. The stock has a market cap of $662.18 million, a price-to-earnings ratio of 22.32 and a beta of 0.18. The company's fifty day simple moving average is $35.98 and its 200-day simple moving average is $38.77. Sturm, Ruger & Company, Inc. has a one year low of $34.11 and a one year high of $48.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.62 EPS for the quarter, hitting analysts' consensus estimates of $0.62. The firm had revenue of $145.78 million during the quarter, compared to analyst estimates of $137.77 million. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. During the same quarter in the previous year, the business earned $0.58 EPS. On average, sell-side analysts predict 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. Stockholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This is a positive change from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.11. This represents a $0.96 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, March 14th. Sturm, Ruger & Company, Inc.'s payout ratio is presently 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 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.