Sturm, Ruger & Company, Inc. (NYSE:RGR) Upgraded by Wall Street Zen to “Buy” Rating

Sturm, Ruger & Company, Inc. (NYSE:RGR) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Several other research firms also recently commented on RGR. Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Wednesday, June 24th. Zacks Research upgraded Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $46.00 price target on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.00.

Sturm, Ruger & Company, Inc. Stock Up 0.2%

Shares of NYSE RGR traded up $0.07 on Friday, reaching $38.62. 67,542 shares of the company’s stock traded hands, compared to its average volume of 139,215. The business’s 50 day simple moving average is $39.13 and its two-hundred day simple moving average is $38.59. Sturm, Ruger & Company, Inc. has a 12 month low of $28.33 and a 12 month high of $48.21. The company has a market cap of $615.68 million, a price-to-earnings ratio of -52.91 and a beta of 0.17.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.07). The company had revenue of $141.36 million during the quarter, compared to the consensus estimate of $137.26 million. Sturm, Ruger & Company, Inc. had a positive return on equity of 5.96% and a negative net margin of 2.18%.The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. Analysts forecast that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sturm, Ruger & Company, Inc. news, Director Phillip Widman acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of $38.00 per share, with a total value of $190,000.00. Following the transaction, the director owned 45,208 shares of the company’s stock, valued at $1,717,904. The trade was a 12.44% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bruce T. Pettet acquired 1,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of $39.89 per share, for a total transaction of $39,890.00. Following the completion of the transaction, the director directly owned 7,606 shares in the company, valued at $303,403.34. This represents a 15.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 7,500 shares of company stock worth $288,615 in the last three months. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RGR. Empowered Funds LLC bought a new stake in Sturm, Ruger & Company, Inc. in the 1st quarter worth about $218,000. Parvin Asset Management LLC lifted its stake in Sturm, Ruger & Company, Inc. by 8.5% during the 1st quarter. Parvin Asset Management LLC now owns 36,300 shares of the company’s stock valued at $1,455,000 after acquiring an additional 2,830 shares during the period. Royal Bank of Canada lifted its stake in Sturm, Ruger & Company, Inc. by 4.5% during the 1st quarter. Royal Bank of Canada now owns 232,002 shares of the company’s stock valued at $9,301,000 after acquiring an additional 9,999 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 23.6% during the 1st quarter. Quantinno Capital Management LP now owns 46,223 shares of the company’s stock valued at $1,853,000 after acquiring an additional 8,821 shares during the last quarter. Finally, Gabelli Funds LLC boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 29.2% during the 1st quarter. Gabelli Funds LLC now owns 43,331 shares of the company’s stock valued at $1,737,000 after acquiring an additional 9,800 shares during the last quarter. 64.00% of the stock is owned by institutional investors.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.