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

Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) reached a new 52-week low on Friday . The company traded as low as $34.09 and last traded at $34.32, with a volume of 619728 shares traded. The stock had previously closed at $40.66.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a report on Monday, February 24th.

Sturm, Ruger & Company, Inc. Stock Performance

The firm’s fifty day moving average price is $39.22 and its 200 day moving average price is $37.98. The firm has a market cap of $579.26 million, a P/E ratio of 19.77 and a beta of 0.22.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.19). The company had revenue of $135.74 million for the quarter, compared to analysts’ expectations of $148.05 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. As a group, analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Friday, May 16th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently 54.24%.

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

A number of large investors have recently modified their holdings of RGR. Bank of New York Mellon Corp lifted its position in Sturm, Ruger & Company, Inc. by 12.6% during the fourth quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company’s stock valued at $7,174,000 after purchasing an additional 22,736 shares during the period. Meeder Asset Management Inc. acquired a new stake in Sturm, Ruger & Company, Inc. during the fourth quarter valued at $481,000. Inceptionr LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. in the fourth quarter worth about $321,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Sturm, Ruger & Company, Inc. by 323,785.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company’s stock worth $802,000 after acquiring an additional 22,665 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Sturm, Ruger & Company, Inc. by 4.5% during the 4th quarter. Rhumbline Advisers now owns 44,956 shares of the company’s stock valued at $1,590,000 after acquiring an additional 1,918 shares during the period. Hedge funds and other institutional investors 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 through 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.