Sturm, Ruger & Company, Inc. (NYSE:RGR) Hits New 52-Week Low – Should You Sell?

Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) hit a new 52-week low on Thursday . The company traded as low as $37.22 and last traded at $37.22, with a volume of 73188 shares trading hands. The stock had previously closed at $37.37.

Sturm, Ruger & Company, Inc. Stock Up 0.1 %

The firm has a 50-day moving average of $40.91 and a two-hundred day moving average of $42.00. The stock has a market capitalization of $628.30 million, a price-to-earnings ratio of 21.60 and a beta of 0.17.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.44 annualized dividend and a yield of 1.18%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 25.43%.

Institutional Trading of Sturm, Ruger & Company, Inc.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Sturm, Ruger & Company, Inc. by 4.3% in the first quarter. Vanguard Group Inc. now owns 2,119,506 shares of the company’s stock valued at $97,815,000 after purchasing an additional 86,532 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Sturm, Ruger & Company, Inc. by 12.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,912 shares of the company’s stock worth $319,000 after buying an additional 762 shares during the last quarter. SG Americas Securities LLC bought a new position in Sturm, Ruger & Company, Inc. during the second quarter valued at approximately $1,332,000. Assenagon Asset Management S.A. lifted its stake in Sturm, Ruger & Company, Inc. by 112.7% in the second quarter. Assenagon Asset Management S.A. now owns 142,729 shares of the company’s stock valued at $5,945,000 after acquiring an additional 75,625 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Sturm, Ruger & Company, Inc. by 6.9% in 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. 64.00% of the stock is currently owned by hedge funds and other institutional investors.

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.