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

Sturm, Ruger & Company, Inc. (NYSE:RGR) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $35.53 and last traded at $35.68, with a volume of 113655 shares trading hands. The stock had previously closed at $36.21.

Sturm, Ruger & Company, Inc. Trading Down 0.9 %

The company has a market capitalization of $586.51 million, a price-to-earnings ratio of 20.19 and a beta of 0.16. The company has a 50 day moving average price of $39.08 and a 200 day moving average price of $41.09.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend 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 and hedge funds have recently made changes to their positions in RGR. GAMMA Investing LLC raised its holdings 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 worth $31,000 after acquiring an additional 257 shares during the period. Palouse Capital Management Inc. bought a new position in shares of Sturm, Ruger & Company, Inc. during the second quarter worth about $77,000. FMR LLC raised its position in Sturm, Ruger & Company, Inc. by 127.6% in the 3rd quarter. FMR LLC now owns 2,572 shares of the company’s stock valued at $107,000 after buying an additional 1,442 shares during the last quarter. Indiana Trust & Investment Management Co bought a new stake in Sturm, Ruger & Company, Inc. in the 3rd quarter valued at approximately $108,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Sturm, Ruger & Company, Inc. in the second quarter worth $221,000. Institutional investors and hedge funds own 64.00% of the company’s stock.

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.