Sturm, Ruger & Company, Inc. (NYSE:RGR) Hits New 12-Month Low – Here’s Why

Sturm, Ruger & Company, Inc. (NYSE:RGR) shares reached a new 52-week low on Monday . The stock traded as low as $34.14 and last traded at $34.50, with a volume of 21196 shares. The stock had previously closed at $34.65.

Sturm, Ruger & Company, Inc. Price Performance

The company’s 50-day moving average price is $38.01 and its two-hundred day moving average price is $40.60. The company has a market capitalization of $593.90 million, a price-to-earnings ratio of 20.45 and a beta of 0.16.

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. The ex-dividend date was Wednesday, November 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.24%. Sturm, Ruger & Company, Inc.’s payout ratio is currently 25.43%.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rule One Partners LLC bought a new stake in Sturm, Ruger & Company, Inc. in the third quarter worth approximately $9,142,000. Bank of New York Mellon Corp boosted its stake in Sturm, Ruger & Company, Inc. by 6.9% during the second quarter. Bank of New York Mellon Corp now owns 207,639 shares of the company’s stock worth $8,648,000 after acquiring an additional 13,460 shares in the last quarter. JPMorgan Chase & Co. grew 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 worth $2,537,000 after purchasing an additional 6,483 shares during the period. Impala Asset Management LLC bought a new stake in Sturm, Ruger & Company, Inc. in the second quarter valued at $2,228,000. Finally, Weiss Asset Management LP acquired a new position in shares of Sturm, Ruger & Company, Inc. during the third quarter valued at about $2,065,000. Institutional investors own 64.00% of the company’s stock.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.