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

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

Sturm, Ruger & Company, Inc. Trading Down 0.4 %

The company has a fifty day moving average of $41.14 and a two-hundred day moving average of $42.27. The stock has a market capitalization of $642.72 million, a price-to-earnings ratio of 21.97 and a beta of 0.17.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors 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 dividend on an annualized basis and a dividend yield of 1.15%. Sturm, Ruger & Company, Inc.’s payout ratio is 25.43%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Sturm, Ruger & Company, Inc. by 4.3% during the first 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. Bank of New York Mellon Corp increased its stake in shares of 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 valued at $8,648,000 after buying an additional 13,460 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of 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 buying an additional 75,625 shares in the last quarter. Impala Asset Management LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the second quarter valued at $2,228,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 10.0% in the third quarter. Exchange Traded Concepts LLC now owns 48,740 shares of the company’s stock valued at $2,031,000 after buying an additional 4,422 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors and hedge funds.

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.