Sturm, Ruger & Company, Inc. (NYSE:RGR) Upgraded at Zacks Research

Sturm, Ruger & Company, Inc. (NYSE:RGR) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other brokerages have also recently issued reports on RGR. Lake Street Capital boosted their price target on shares of Sturm, Ruger & Company, Inc. from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $43.00.

Sturm, Ruger & Company, Inc. Stock Up 2.1%

NYSE:RGR opened at $41.87 on Monday. The stock has a market cap of $667.84 million, a P/E ratio of -149.54 and a beta of 0.21. The firm’s fifty day simple moving average is $40.27 and its 200 day simple moving average is $37.47. Sturm, Ruger & Company, Inc. has a twelve month low of $28.33 and a twelve month high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Sturm, Ruger & Company, Inc. had a negative net margin of 0.80% and a positive return on equity of 6.93%. The company had revenue of $151.06 million for the quarter, compared to analysts’ expectations of $139.24 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts expect that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. UBS Group AG boosted its stake in Sturm, Ruger & Company, Inc. by 31.1% during the third quarter. UBS Group AG now owns 514,510 shares of the company’s stock worth $22,366,000 after acquiring an additional 122,111 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Sturm, Ruger & Company, Inc. by 0.8% during the fourth quarter. Wellington Management Group LLP now owns 496,315 shares of the company’s stock valued at $16,205,000 after purchasing an additional 3,886 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 20.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 377,666 shares of the company’s stock valued at $12,331,000 after purchasing an additional 64,190 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 370,339 shares of the company’s stock valued at $12,091,000 after purchasing an additional 25,565 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. in the 4th quarter worth approximately $9,486,000. 64.00% of the stock is owned by hedge funds and other 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.