Stocks

Sturm, Ruger & Company, Inc. Sets New 52-Week Low – Here's Why

Published December 24, 2024

On December 24th, 2024, Sturm, Ruger & Company, Inc. (NYSE:RGR) recorded a new 52-week low, with shares trading down to $34.51 before closing at $34.63. The trading volume reached 403,823 shares, a notable shift from a previous close of $34.93.

Recent Stock Performance

The performance metrics for Sturm, Ruger indicate a fifty-day moving average price of $38.95 and a two-hundred-day moving average price of $40.99. Currently, the market capitalization stands at $581.47 million, with a price-to-earnings (P/E) ratio of 20.02 and a beta of 0.16, suggesting that the stock is less volatile than the market.

Dividend Adjustment

The company also recently announced a quarterly dividend of $0.11, which was disbursed on November 27th. This dividend represents an annual yield of 1.27%, with the ex-dividend date set as November 13th. Sturm, Ruger maintains a payout ratio of 25.43%, indicating a conservative approach to returning capital to shareholders.

Investors' Activity

In the recent past, several institutional investors have adjusted their holdings in Sturm, Ruger. For instance, Bank of New York Mellon Corp increased its stake by 6.9% in the second quarter, now owning 207,639 shares valued at approximately $8.65 million. Similarly, Rhumbline Advisers raised its stake by 15.6%, bringing its total to 46,685 shares worth about $1.94 million. Other notable changes include Texas Permanent School Fund Corp, which enhanced its holdings by 33.7%, and new positions taken by Dimensional Fund Advisors LP and Palouse Capital Management Inc. Collectively, institutional investors now hold 64.00% of the company's shares.

Company Overview

Sturm, Ruger & Company, Inc. is a leading manufacturer of firearms in the United States. The company designs and sells a variety of products, including rifles, pistols, and revolvers under the Ruger and Marlin trademarks. Its operations are divided into two segments: Firearms and Castings. Sturm, Ruger has built a solid reputation in the industry through its diverse product offerings and quality standards.

Conclusion

The dip in stock price and announcement of the dividend reflect the current market conditions surrounding Sturm, Ruger. Investors may need to assess their positions as the company navigates through these challenges.

Sturm, Ruger, stock