Sturm, Ruger & Company, Inc. (NYSE:RGR) Sets New 52-Week Low at $61.81

Sturm, Ruger & Company, Inc. (NYSE:RGRGet Rating)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $61.81 and last traded at $61.81, with a volume of 1288 shares trading hands. The stock had previously closed at $62.37.

Separately, StockNews.com upgraded Sturm, Ruger & Company, Inc. from a “hold” rating to a “buy” rating in a research note on Wednesday, May 18th.

The firm has a market capitalization of $1.13 billion, a P/E ratio of 7.73 and a beta of 0.41. The business has a 50 day simple moving average of $66.87 and a two-hundred day simple moving average of $67.94.

Sturm, Ruger & Company, Inc. (NYSE:RGRGet Rating) last announced its earnings results on Wednesday, May 4th. The company reported $1.70 earnings per share for the quarter. The business had revenue of $166.60 million for the quarter, compared to analyst estimates of $164.64 million. Sturm, Ruger & Company, Inc. had a return on equity of 42.30% and a net margin of 20.75%. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.16 EPS. On average, analysts predict that Sturm, Ruger & Company, Inc. will post 5.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th were paid a $0.68 dividend. The ex-dividend date of this dividend was Friday, May 13th. This represents a $2.72 dividend on an annualized basis and a yield of 4.23%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently 32.69%.

In other news, Director C Michael Jacobi sold 965 shares of the stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $62.27, for a total transaction of $60,090.55. Following the transaction, the director now directly owns 2,388 shares in the company, valued at approximately $148,700.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Citigroup Inc. increased its position in shares of Sturm, Ruger & Company, Inc. by 40.6% during the 4th quarter. Citigroup Inc. now owns 27,862 shares of the company’s stock valued at $1,895,000 after purchasing an additional 8,041 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Sturm, Ruger & Company, Inc. by 4.7% during the 4th quarter. SG Americas Securities LLC now owns 4,697 shares of the company’s stock valued at $319,000 after acquiring an additional 210 shares during the period. AE Wealth Management LLC boosted its holdings in Sturm, Ruger & Company, Inc. by 9.6% during the 4th quarter. AE Wealth Management LLC now owns 3,962 shares of the company’s stock valued at $269,000 after acquiring an additional 347 shares during the period. Gotham Asset Management LLC boosted its holdings in Sturm, Ruger & Company, Inc. by 15.2% during the 4th quarter. Gotham Asset Management LLC now owns 21,806 shares of the company’s stock valued at $1,483,000 after acquiring an additional 2,876 shares during the period. Finally, WINTON GROUP Ltd boosted its holdings in Sturm, Ruger & Company, Inc. by 39.1% during the 4th quarter. WINTON GROUP Ltd now owns 34,697 shares of the company’s stock valued at $2,360,000 after acquiring an additional 9,760 shares during the period. Hedge funds and other institutional investors own 68.17% of the company’s stock.

About Sturm, Ruger & Company, Inc. (NYSE:RGR)

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates through two segments, Firearms and Castings. The company provides single-shot, autoloading, bolt-action, and 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.

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