Sturm, Ruger & Company, Inc. (NYSE:RGR) Hits New 12-Month Low – Time to Sell?

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $34.11 and last traded at $34.27, with a volume of 14623 shares traded. The stock had previously closed at $34.58.

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

The firm has a market cap of $581.47 million, a price-to-earnings ratio of 20.02 and a beta of 0.17. The company has a 50-day moving average price of $37.22 and a 200 day moving average price of $40.27.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.27%. Sturm, Ruger & Company, Inc.’s payout ratio is presently 25.43%.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

A number of large investors have recently made changes to their positions in RGR. JPMorgan Chase & Co. grew its position in Sturm, Ruger & Company, Inc. by 11.9% during the third quarter. JPMorgan Chase & Co. now owns 60,859 shares of the company’s stock valued at $2,537,000 after purchasing an additional 6,483 shares in the last quarter. Rule One Partners LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter valued at $9,142,000. Virtu Financial LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. in the third quarter worth $260,000. Weiss Asset Management LP purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the third quarter worth $2,065,000. Finally, HighTower Advisors LLC boosted its position in Sturm, Ruger & Company, Inc. by 9.2% during the third quarter. HighTower Advisors LLC now owns 10,162 shares of the company’s stock valued at $432,000 after purchasing an additional 854 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates under the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.