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

Sturm, Ruger & Company, Inc. (NYSE:RGR) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $40.07 and last traded at $40.07, with a volume of 127 shares changing hands. The stock had previously closed at $40.78.

Sturm, Ruger & Company, Inc. Stock Down 0.7 %

The firm has a 50 day moving average price of $41.47 and a two-hundred day moving average price of $42.70. The company has a market capitalization of $682.26 million, a price-to-earnings ratio of 21.83 and a beta of 0.16.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its earnings results on Wednesday, October 30th. The company reported $0.28 earnings per share for the quarter. The company had revenue of $122.29 million during the quarter. Sturm, Ruger & Company, Inc. had a return on equity of 10.00% and a net margin of 6.36%. Analysts predict that Sturm, Ruger & Company, Inc. will post 2.19 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.09%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 40.64%.

Institutional Trading of Sturm, Ruger & Company, Inc.

Large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of Sturm, Ruger & Company, Inc. by 53.8% during the third quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock valued at $31,000 after acquiring an additional 257 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Sturm, Ruger & Company, Inc. by 28.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,618 shares of the company’s stock worth $74,000 after purchasing an additional 355 shares in the last quarter. Palouse Capital Management Inc. acquired a new position in Sturm, Ruger & Company, Inc. in the second quarter worth about $77,000. Indiana Trust & Investment Management Co acquired a new position in Sturm, Ruger & Company, Inc. in the third quarter worth about $108,000. Finally, EntryPoint Capital LLC acquired a new position in Sturm, Ruger & Company, Inc. in the first quarter worth about $228,000. 64.00% of the stock is currently owned by institutional investors and hedge funds.

About Sturm, Ruger & Company, Inc.

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.