Sturm, Ruger & Company, Inc. (NYSE:RGR) Sets New 1-Year Low – Should You Sell?

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

Sturm, Ruger & Company, Inc. Price Performance

The stock has a market cap of $637.01 million, a P/E ratio of 21.93 and a beta of 0.17. The firm’s 50 day moving average price is $40.77 and its 200-day moving average price is $41.91.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared 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 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Wednesday, November 13th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently 25.43%.

Institutional Trading of Sturm, Ruger & Company, Inc.

Several hedge funds and other institutional investors have recently bought and sold shares of RGR. GAMMA Investing LLC lifted its holdings in Sturm, Ruger & Company, Inc. by 53.8% during the 3rd quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock valued at $31,000 after buying an additional 257 shares in the last quarter. Aigen Investment Management LP raised its stake 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 acquiring an additional 527 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 valued at $319,000 after purchasing an additional 762 shares during the period. HighTower Advisors LLC grew its stake in Sturm, Ruger & Company, Inc. by 9.2% in the third quarter. HighTower Advisors LLC now owns 10,162 shares of the company’s stock worth $432,000 after purchasing an additional 854 shares in the last quarter. Finally, FMR LLC increased its holdings in Sturm, Ruger & Company, Inc. by 127.6% during the 3rd quarter. FMR LLC now owns 2,572 shares of the company’s stock worth $107,000 after purchasing an additional 1,442 shares during the period. 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.