Sturm, Ruger & Company, Inc. (NYSE:RGR) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c” rating in a note issued to investors on Thursday.

Other analysts also recently issued reports about the company. Forward View upgraded Sturm, Ruger & from a “sell” rating to a “hold” rating in a research report on Sunday, May 14th. BidaskClub downgraded Sturm, Ruger & from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded Sturm, Ruger & from a “buy” rating to a “hold” rating in a research report on Saturday, July 15th. ValuEngine downgraded Sturm, Ruger & from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Wunderlich boosted their target price on Sturm, Ruger & from $51.00 to $62.00 and gave the stock a “hold” rating in a research report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $61.75.

Shares of Sturm, Ruger & (NYSE:RGR) opened at 48.85 on Thursday. The firm’s 50-day moving average is $54.58 and its 200-day moving average is $57.19. The company has a market cap of $863.23 million and a PE ratio of 12.38. Sturm, Ruger & has a 1-year low of $47.15 and a 1-year high of $68.60.

Sturm, Ruger & (NYSE:RGR) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.54. Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The business had revenue of $131.90 million during the quarter, compared to analysts’ expectations of $159.60 million. During the same quarter last year, the firm earned $1.22 earnings per share. The firm’s quarterly revenue was down 21.4% compared to the same quarter last year. On average, equities analysts forecast that Sturm, Ruger & will post $3.60 earnings per share for the current fiscal year.

Sturm, Ruger & declared that its board has authorized a share buyback program on Monday, May 8th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 9.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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In other news, insider Mark Lang sold 20,000 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $66.90, for a total value of $1,338,000.00. Following the completion of the transaction, the insider now directly owns 3,612 shares of the company’s stock, valued at $241,642.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its position in Sturm, Ruger & by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,059 shares of the company’s stock worth $563,000 after buying an additional 23 shares during the period. PNC Financial Services Group Inc. boosted its position in Sturm, Ruger & by 2.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,965 shares of the company’s stock worth $184,000 after buying an additional 80 shares during the period. Mason Street Advisors LLC boosted its position in Sturm, Ruger & by 2.1% in the first quarter. Mason Street Advisors LLC now owns 4,234 shares of the company’s stock worth $227,000 after buying an additional 88 shares during the period. Envestnet Asset Management Inc. boosted its position in Sturm, Ruger & by 5.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,336 shares of the company’s stock worth $124,000 after buying an additional 116 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in Sturm, Ruger & 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 buying an additional 177 shares during the period. 86.93% of the stock is owned by institutional investors.

Sturm, Ruger & Company Profile

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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