Sturm, Ruger & Company, Inc. (NYSE:RGR) Reaches New 52-Week Low – What’s Next?

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company 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. Trading Down 0.8 %

The firm has a 50-day moving average of $37.43 and a 200 day moving average of $40.35. The company has a market cap of $576.27 million, a P/E ratio of 19.84 and a beta of 0.17.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders 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 dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, November 13th. Sturm, Ruger & Company, Inc.’s payout ratio is 25.43%.

Institutional Trading of Sturm, Ruger & Company, Inc.

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Sturm, Ruger & Company, Inc. by 53.8% in the third quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock worth $31,000 after purchasing an additional 257 shares during the period. 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 buying an additional 527 shares in the last quarter. HighTower Advisors LLC raised its stake in Sturm, Ruger & Company, Inc. by 9.2% during the 3rd quarter. HighTower Advisors LLC now owns 10,162 shares of the company’s stock worth $432,000 after buying an additional 854 shares during the period. FMR LLC boosted its holdings in 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 acquiring an additional 1,442 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in Sturm, Ruger & Company, Inc. by 4.0% in the second quarter. Public Sector Pension Investment Board now owns 38,267 shares of the company’s stock valued at $1,594,000 after acquiring an additional 1,483 shares during the period. Institutional investors own 64.00% of the company’s stock.

About Sturm, Ruger & Company, Inc.

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.