Sturm, Ruger & Company, Inc. (NYSE:RGR) Hits New 1-Year Low – Here’s Why

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $40.07 and last traded at $40.07, with a volume of 127 shares trading hands. The stock had previously closed at $40.78.

Sturm, Ruger & Company, Inc. Stock Performance

The business has a fifty day simple moving average of $41.47 and a 200 day simple moving average of $42.70. The stock has a market cap of $682.26 million, a price-to-earnings ratio of 21.83 and a beta of 0.16.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, October 30th. The company reported $0.28 EPS for the quarter. The firm had revenue of $122.29 million for the quarter. Sturm, Ruger & Company, Inc. had a return on equity of 10.00% and a net margin of 6.36%. On average, equities research analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.19 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.09%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is presently 40.64%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. GAMMA Investing LLC raised 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 worth $31,000 after buying an additional 257 shares during the period. PNC Financial Services Group Inc. increased its holdings in Sturm, Ruger & Company, Inc. by 28.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,618 shares of the company’s stock valued at $74,000 after purchasing an additional 355 shares in the last quarter. Palouse Capital Management Inc. acquired a new stake in Sturm, Ruger & Company, Inc. in the 2nd quarter valued at $77,000. Indiana Trust & Investment Management Co acquired a new stake in Sturm, Ruger & Company, Inc. in the 3rd quarter valued at $108,000. Finally, Dark Forest Capital Management LP acquired a new stake in Sturm, Ruger & Company, Inc. in the 2nd quarter valued at $221,000. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Company Profile

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.