Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock Rating Lowered by Zacks Research

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

RGR has been the topic of several other research reports. Wall Street Zen raised shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Lake Street Capital restated a “buy” rating and set a $46.00 target price on shares of Sturm, Ruger & Company, Inc. in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sturm, Ruger & Company, Inc. currently has a consensus rating of “Hold” and an average price target of $46.00.

Sturm, Ruger & Company, Inc. Stock Down 2.0%

RGR opened at $37.07 on Thursday. The firm has a market capitalization of $592.39 million, a P/E ratio of 49.43 and a beta of 0.19. The firm’s 50 day moving average is $38.53 and its 200-day moving average is $39.10. Sturm, Ruger & Company, Inc. has a 52-week low of $28.33 and a 52-week high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its earnings results on Wednesday, July 29th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $158.06 million for the quarter, compared to analysts’ expectations of $128.54 million. Sturm, Ruger & Company, Inc. had a net margin of 2.11% and a return on equity of 6.58%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. Equities analysts expect that Sturm, Ruger & Company, Inc. will post 1.49 earnings per share for the current fiscal year.

Insider Activity at Sturm, Ruger & Company, Inc.

In related news, Director Bruce T. Pettet acquired 1,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $39.89 per share, with a total value of $39,890.00. Following the acquisition, the director directly owned 7,606 shares in the company, valued at approximately $303,403.34. The trade was a 15.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Phillip Widman bought 5,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average cost of $38.00 per share, with a total value of $190,000.00. Following the transaction, the director directly owned 45,208 shares in the company, valued at approximately $1,717,904. The trade was a 12.44% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 7,500 shares of company stock valued at $288,615 over the last ninety days. Corporate insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

Several large investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new position in Sturm, Ruger & Company, Inc. in the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new stake in Sturm, Ruger & Company, Inc. during the fourth quarter valued at approximately $29,000. Group One Trading LLC acquired a new stake in Sturm, Ruger & Company, Inc. during the first quarter valued at approximately $33,000. 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 worth $49,000 after buying 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 worth $56,000 after buying 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.