Zacks Investment Research lowered shares of Sturm Ruger & Company Inc (NYSE:RGR) from a hold rating to a strong sell rating in a research report report published on Thursday, January 4th.
According to Zacks, “Sturm, Ruger & Co., Inc. is one of the nation’s leading manufacturers of rugged, reliable firearms for the commercial sporting market. As a full-line manufacturer of American-made firearms, Ruger offers consumers over 400 variations of more than 30 product lines, from the ubiquitous 10/22® and Mini-14®, to the new and exciting LCP® II, Mark IV, Ruger American Pistol®, Ruger Precision Rifle®, SR-556 Takedown®, AR-556® and Ruger American Rifle®. Their awarding-winning products (the Gunsite Scout Rifle, SR9c®, LCR® and LCP®) all prove that Ruger has a rugged, reliable firearm to meet every shooter’s needs. For more than 60 years, Ruger has been a model of corporate and community responsibility. Their motto, Arms Makers for Responsible Citizens®, echoes their commitment to these principles as they work hard to deliver quality and innovative firearms. “
Separately, Aegis reiterated a buy rating and issued a $67.00 price objective on shares of Sturm Ruger & Company Inc in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $58.00.
Shares of Sturm Ruger & Company Inc (NYSE:RGR) traded up $0.80 during mid-day trading on Thursday, reaching $51.15. The company had a trading volume of 237,800 shares, compared to its average volume of 270,514. The stock has a market cap of $891.46, a price-to-earnings ratio of 15.00 and a beta of 0.07. Sturm Ruger & Company Inc has a one year low of $44.80 and a one year high of $68.80.
Sturm Ruger & Company Inc (NYSE:RGR) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.07). Sturm Ruger & Company Inc had a net margin of 11.07% and a return on equity of 26.62%. The company had revenue of $104.80 million for the quarter, compared to analysts’ expectations of $126.20 million. During the same quarter in the previous year, the business posted $1.21 EPS. The business’s quarterly revenue was down 35.1% on a year-over-year basis. equities research analysts forecast that Sturm Ruger & Company Inc will post 3.02 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in RGR. Flinton Capital Management LLC grew its stake in shares of Sturm Ruger & Company Inc by 77.8% in the second quarter. Flinton Capital Management LLC now owns 1,792 shares of the company’s stock worth $111,000 after acquiring an additional 784 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Sturm Ruger & Company Inc by 10.6% in the second quarter. Public Employees Retirement System of Ohio now owns 1,840 shares of the company’s stock worth $114,000 after acquiring an additional 177 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Sturm Ruger & Company Inc during the third quarter worth $129,000. PNC Financial Services Group Inc. grew its stake in shares of Sturm Ruger & Company Inc by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,965 shares of the company’s stock worth $184,000 after purchasing an additional 80 shares in the last quarter. Finally, Yorktown Management & Research Co Inc acquired a new position in shares of Sturm Ruger & Company Inc during the third quarter worth $209,000. 84.54% of the stock is currently owned by institutional investors.
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About Sturm Ruger & Company Inc
Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.
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