Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) shot up 5% during trading on Monday . The stock traded as high as $42.35 and last traded at $42.00. 50,765 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 147,410 shares. The stock had previously closed at $40.01.
Sturm, Ruger & Company, Inc. Stock Performance
The company has a 50-day moving average of $41.39 and a 200-day moving average of $42.60. The stock has a market capitalization of $679.20 million, a price-to-earnings ratio of 23.57 and a beta of 0.17.
Sturm, Ruger & Company, Inc. Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Wednesday, November 13th. Sturm, Ruger & Company, Inc.'s payout ratio is currently 25.43%.
Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.
A number of institutional investors have recently modified their holdings of RGR. International Assets Investment Management LLC lifted its position in Sturm, Ruger & Company, Inc. by 4,075.7% during the third quarter. International Assets Investment Management LLC now owns 19,041 shares of the company's stock worth $794,000 after buying an additional 18,585 shares during the period. Indiana Trust & Investment Management Co acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the third quarter worth approximately $108,000. Creative Planning purchased a new stake in Sturm, Ruger & Company, Inc. in the third quarter valued at approximately $320,000. Exchange Traded Concepts LLC increased its position in Sturm, Ruger & Company, Inc. by 10.0% during the third quarter. Exchange Traded Concepts LLC now owns 48,740 shares of the company's stock worth $2,031,000 after purchasing an additional 4,422 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in 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 purchasing an additional 257 shares during the period. Institutional investors and hedge funds own 64.00% of the company's stock.
About Sturm, Ruger & Company, Inc.
(
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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.
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