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

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s share price hit a new 52-week low on Tuesday . The company traded as low as $34.51 and last traded at $34.63, with a volume of 403823 shares. The stock had previously closed at $34.93.

Sturm, Ruger & Company, Inc. Stock Performance

The firm has a market cap of $589.70 million, a P/E ratio of 20.30 and a beta of 0.16. The firm has a fifty day moving average of $38.70 and a 200-day moving average of $40.88.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Wednesday, November 13th. Sturm, Ruger & Company, Inc.’s payout ratio is 25.43%.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

Several institutional investors have recently modified their holdings of RGR. GAMMA Investing LLC lifted its position in Sturm, Ruger & Company, Inc. by 53.8% in the 3rd quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock valued at $31,000 after purchasing an additional 257 shares during the last quarter. Aigen Investment Management LP raised its holdings in shares of Sturm, Ruger & Company, Inc. by 7.5% during the third quarter. Aigen Investment Management LP now owns 7,510 shares of the company’s stock valued at $313,000 after buying an additional 527 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 9.2% during the third quarter. HighTower Advisors LLC now owns 10,162 shares of the company’s stock worth $432,000 after buying an additional 854 shares during the period. FMR LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 127.6% during the third quarter. FMR LLC now owns 2,572 shares of the company’s stock worth $107,000 after buying an additional 1,442 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in Sturm, Ruger & Company, Inc. by 4.0% in the 2nd 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 in the last quarter. 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.