Sturm, Ruger & Company, Inc. (NYSE:RGR) Sets New 1-Year Low – Time to Sell?

Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) hit a new 52-week low on Wednesday . The stock traded as low as $34.11 and last traded at $34.27, with a volume of 14623 shares trading hands. The stock had previously closed at $34.58.

Sturm, Ruger & Company, Inc. Price Performance

The business has a fifty day moving average of $37.22 and a 200-day moving average of $40.27. The stock has a market capitalization of $581.47 million, a price-to-earnings ratio of 20.02 and a beta of 0.17.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Wednesday, November 13th. Sturm, Ruger & Company, Inc.’s payout ratio is 25.43%.

Institutional Investors Weigh In On Sturm, Ruger & Company, Inc.

A number of institutional investors and hedge funds have recently modified their holdings of RGR. GAMMA Investing LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 53.8% in the 3rd quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock valued at $31,000 after purchasing an additional 257 shares during the period. Palouse Capital Management Inc. acquired a new position in shares of Sturm, Ruger & Company, Inc. in the second quarter worth about $77,000. FMR LLC boosted 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 worth $107,000 after buying an additional 1,442 shares during the period. Indiana Trust & Investment Management Co purchased a new position in shares of Sturm, Ruger & Company, Inc. in the third quarter worth approximately $108,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the second quarter valued at approximately $221,000. Institutional investors and hedge funds own 64.00% of the company’s stock.

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.