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

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $38.01 and last traded at $38.05, with a volume of 20399 shares trading hands. The stock had previously closed at $38.42.

Sturm, Ruger & Company, Inc. Stock Performance

The firm has a market capitalization of $642.72 million, a PE ratio of 21.97 and a beta of 0.17. The firm has a fifty day moving average of $41.14 and a 200 day moving average of $42.27.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm 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 dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.15%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is presently 25.43%.

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

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in Sturm, Ruger & Company, Inc. by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 207,639 shares of the company’s stock valued at $8,648,000 after purchasing an additional 13,460 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Sturm, Ruger & Company, Inc. by 112.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 142,729 shares of the company’s stock valued at $5,945,000 after purchasing an additional 75,625 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Sturm, Ruger & Company, Inc. by 4,075.7% in the 3rd quarter. International Assets Investment Management LLC now owns 19,041 shares of the company’s stock worth $794,000 after acquiring an additional 18,585 shares in the last quarter. Impala Asset Management LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. in the 2nd quarter worth approximately $2,228,000. Finally, Vanguard Group Inc. grew its position in shares of Sturm, Ruger & Company, Inc. by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 2,119,506 shares of the company’s stock worth $97,815,000 after acquiring an additional 86,532 shares in the last quarter. Institutional investors and hedge funds 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.