Sturm, Ruger & Company, Inc. (NYSE:RGR) Sets New 52-Week Low – Here’s Why

On December 24, 2024, Sturm, Ruger & Company, Inc. (NYSE:RGR) reached a new 52-week low on the stock market. The shares dropped to $34.51 before closing at $34.63, with a trading volume of 403,823 shares. This decline followed a previous closing price of $34.93.

Stock Overview

The stock has shown poor performance, as indicated by its fifty-day moving average of $38.95 and its 200-day moving average of $40.99. With a market capitalization of approximately $581.47 million, Sturm Ruger's price-to-earnings (P/E) ratio stands at 20.02, and it has a beta of 0.16, suggesting lower volatility compared to the market.

Dividend Update

Recently, Sturm, Ruger & Company announced a quarterly dividend that was distributed on November 27, 2024. Shareholders who were on record as of November 13 received a dividend of $0.11 per share, amounting to an annual dividend yield of 1.27%. The current payout ratio is 25.43%, indicating a stable return to shareholders.

Institutional Holdings

In terms of investment activity, several institutional investors have recently adjusted their holdings in RGR. Bank of New York Mellon Corp increased its stake by 6.9% during the second quarter, obtaining 207,639 shares worth approximately $8.65 million after acquiring an additional 13,460 shares. Similarly, Rhumbline Advisers raised its position by 15.6%, now holding 46,685 shares valued at about $1.94 million. Other notable transactions include Texas Permanent School Fund Corp increasing its holdings by 33.7% and newer investments from Dimensional Fund Advisors LP and Palouse Capital Management Inc. Overall, institutional investors own about 64.00% of the company’s shares.

Company Information

Sturm, Ruger & Company, Inc., along with its subsidiaries, is a prominent manufacturer and designer of firearms in the United States. The company operates in two major segments: Firearms and Castings. Their product offerings include single-shot and autoloading rifles, a variety of handguns including revolvers, as well as firearm accessories and parts. They also produce lever-action rifles under the Marlin trademark.

Conclusion

The recent drop in stock value for Sturm, Ruger reflects a combination of market dynamics and company performance indicators. Investors and market analysts will keep a close watch on how the company navigates future challenges and opportunities in the firearms industry.

Sturm, Ruger, Stocks