Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report)'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 trading hands. The stock had previously closed at $34.58.
Sturm, Ruger & Company, Inc. Stock Performance
The business has a 50-day moving average of $37.31 and a 200-day moving average of $40.31. The stock has a market capitalization of $584.49 million, a price-to-earnings ratio of 20.12 and a beta of 0.17.
Sturm, Ruger & Company, Inc. Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Wednesday, November 13th. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is 25.43%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of RGR. GAMMA Investing LLC increased its position in shares of Sturm, Ruger & Company, Inc. by 53.8% in the 3rd quarter. GAMMA Investing LLC now owns 735 shares of the company's stock valued at $31,000 after purchasing an additional 257 shares during the last quarter. Palouse Capital Management Inc. acquired a new position in shares of Sturm, Ruger & Company, Inc. during the second quarter worth $77,000. FMR LLC increased its holdings in 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. Indiana Trust & Investment Management Co acquired a new stake in Sturm, Ruger & Company, Inc. in the third quarter valued at $108,000. Finally, Dark Forest Capital Management LP purchased a new stake in Sturm, Ruger & Company, Inc. during the 2nd quarter worth about $221,000. 64.00% of the stock is currently owned by hedge funds and other institutional investors.
Sturm, Ruger & Company, Inc. Company Profile
(
Get Free Report)
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.
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