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

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) shares reached a new 52-week low during trading on Friday . The company traded as low as $36.36 and last traded at $36.36, with a volume of 54004 shares. The stock had previously closed at $37.62.

Sturm, Ruger & Company, Inc. Price Performance

The stock has a 50-day simple moving average of $39.95 and a 200 day simple moving average of $41.52. The company has a market capitalization of $604.94 million, a PE ratio of 20.83 and a beta of 0.16.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a $0.11 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.44 annualized dividend and a dividend yield of 1.22%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 25.43%.

Institutional Trading of Sturm, Ruger & Company, Inc.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rule One Partners LLC purchased a new position in Sturm, Ruger & Company, Inc. during the third quarter worth about $9,142,000. Bank of New York Mellon Corp increased its stake in Sturm, Ruger & Company, Inc. by 6.9% during the second quarter. Bank of New York Mellon Corp now owns 207,639 shares of the company's stock worth $8,648,000 after acquiring an additional 13,460 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Sturm, Ruger & Company, Inc. by 112.7% during the second quarter. Assenagon Asset Management S.A. now owns 142,729 shares of the company's stock worth $5,945,000 after acquiring an additional 75,625 shares during the last quarter. Impala Asset Management LLC acquired a new stake in Sturm, Ruger & Company, Inc. during the second quarter worth about $2,228,000. Finally, Weiss Asset Management LP acquired a new stake in Sturm, Ruger & Company, Inc. during the third quarter worth about $2,065,000. 64.00% of the stock is currently owned by hedge funds and other institutional investors.

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.