Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock Rating Upgraded by Wall Street Zen

Sturm, Ruger & Company, Inc. (NYSE:RGR) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other analysts also recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Wednesday, June 24th. Lake Street Capital reissued a “buy” rating and set a $46.00 price target on shares of Sturm, Ruger & Company, Inc. in a research report on Thursday, May 7th. Finally, Zacks Research upgraded Sturm, Ruger & Company, Inc. from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Sturm, Ruger & Company, Inc. has an average rating of “Hold” and an average price target of $46.00.

Sturm, Ruger & Company, Inc. Trading Up 0.1%

Shares of RGR stock opened at $37.19 on Friday. Sturm, Ruger & Company, Inc. has a 1 year low of $28.33 and a 1 year high of $48.21. The firm’s fifty day moving average price is $38.68 and its two-hundred day moving average price is $39.10. The firm has a market capitalization of $594.28 million, a P/E ratio of 49.59 and a beta of 0.19.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. Sturm, Ruger & Company, Inc. had a net margin of 2.11% and a return on equity of 6.58%. The firm had revenue of $158.06 million for the quarter, compared to analysts’ expectations of $128.54 million. During the same period in the previous year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities research analysts forecast that Sturm, Ruger & Company, Inc. will post 1.98 EPS for the current fiscal year.

Insider Activity

In other news, Director Phillip Widman bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average cost of $38.00 per share, for a total transaction of $190,000.00. Following the purchase, the director owned 45,208 shares of the company’s stock, valued at approximately $1,717,904. This trade represents a 12.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Bruce T. Pettet bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $39.89 per share, with a total value of $39,890.00. Following the completion of the purchase, the director directly owned 7,606 shares in the company, valued at $303,403.34. The trade was a 15.14% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 7,500 shares of company stock valued at $288,615 in the last quarter. Company insiders own 4.60% of the company’s stock.

Institutional Trading of Sturm, Ruger & Company, Inc.

Institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in shares of Sturm, Ruger & Company, Inc. during the 4th quarter worth approximately $25,000. Group One Trading LLC bought a new stake in Sturm, Ruger & Company, Inc. in the 1st quarter valued at $33,000. Flagship Harbor Advisors LLC acquired a new stake in Sturm, Ruger & Company, Inc. during the 4th quarter valued at $29,000. Parallel Advisors LLC lifted its holdings in Sturm, Ruger & Company, Inc. by 176.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock valued at $49,000 after purchasing an additional 720 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Sturm, Ruger & Company, Inc. by 259.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock valued at $56,000 after purchasing an additional 1,132 shares during the last quarter. Institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Company Profile

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.