Sturm, Ruger & Company, Inc. (NYSE:RGR) Hits New 52-Week Low – Here’s What Happened

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

Sturm, Ruger & Company, Inc. Price Performance

The firm has a market capitalization of $637.01 million, a price-to-earnings ratio of 21.93 and a beta of 0.17. The business has a fifty day moving average price of $40.77 and a two-hundred day moving average price of $41.91.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.44 annualized dividend and a yield of 1.16%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 25.43%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RGR. Vanguard Group Inc. increased its stake in shares of 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 buying an additional 86,532 shares during the period. Rule One Partners LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the 3rd quarter valued at approximately $9,142,000. Bank of New York Mellon Corp raised its holdings in shares of Sturm, Ruger & Company, Inc. by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 207,639 shares of the company’s stock valued at $8,648,000 after purchasing an additional 13,460 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Sturm, Ruger & Company, Inc. by 112.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 142,729 shares of the company’s stock worth $5,945,000 after purchasing an additional 75,625 shares during the last quarter. Finally, Impala Asset Management LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. during the second quarter worth $2,228,000. 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.