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

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as $38.01 and last traded at $38.05, with a volume of 20399 shares trading hands. The stock had previously closed at $38.42.

Sturm, Ruger & Company, Inc. Stock Down 0.1 %

The business's 50-day moving average is $41.08 and its two-hundred day moving average is $42.22. The stock has a market capitalization of $644.61 million, a PE ratio of 22.19 and a beta of 0.17.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared 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. The ex-dividend date is Wednesday, November 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.15%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is presently 25.43%.

Institutional Investors Weigh In On Sturm, Ruger & Company, Inc.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position 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 last quarter. Aigen Investment Management LP boosted its stake in Sturm, Ruger & Company, Inc. by 7.5% during the 3rd quarter. Aigen Investment Management LP now owns 7,510 shares of the company's stock worth $313,000 after purchasing an additional 527 shares during the period. Price T Rowe Associates Inc. MD grew its position in Sturm, Ruger & Company, Inc. by 12.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,912 shares of the company's stock worth $319,000 after purchasing an additional 762 shares during the last quarter. HighTower Advisors LLC increased its stake in Sturm, Ruger & Company, Inc. by 9.2% in 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 period. Finally, FMR LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 127.6% in the third 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. Hedge funds and other institutional investors own 64.00% of the company's stock.

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.