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

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $34.11 and last traded at $34.27, with a volume of 14623 shares changing hands. The stock had previously closed at $34.58.

Sturm, Ruger & Company, Inc. Stock Performance

The business’s fifty day moving average is $37.43 and its 200-day moving average is $40.35. The firm 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. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Wednesday, November 13th. Sturm, Ruger & Company, Inc.’s payout ratio is currently 25.43%.

Institutional Trading of Sturm, Ruger & Company, Inc.

A number of institutional investors and hedge funds have recently bought and sold shares of RGR. GAMMA Investing LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 53.8% in the third quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock valued at $31,000 after buying an additional 257 shares during the period. Aigen Investment Management LP raised its holdings in Sturm, Ruger & Company, Inc. by 7.5% during the 3rd quarter. Aigen Investment Management LP now owns 7,510 shares of the company’s stock worth $313,000 after purchasing an additional 527 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Sturm, Ruger & Company, Inc. by 9.2% in the 3rd quarter. HighTower Advisors LLC now owns 10,162 shares of the company’s stock worth $432,000 after purchasing an additional 854 shares during the period. FMR LLC boosted its stake in shares of Sturm, Ruger & Company, Inc. by 127.6% in the 3rd quarter. FMR LLC now owns 2,572 shares of the company’s stock valued at $107,000 after purchasing an additional 1,442 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its position in shares of Sturm, Ruger & Company, Inc. by 4.0% during the second quarter. Public Sector Pension Investment Board now owns 38,267 shares of the company’s stock worth $1,594,000 after buying an additional 1,483 shares during the period. 64.00% of the stock is currently owned by institutional investors and hedge funds.

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.