Sturm Ruger & Company Inc (RGR) Raised to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Sturm Ruger & Company Inc (NYSE:RGR) from a strong sell rating to a hold rating in a report released on Thursday.
According to Zacks, “Sturm Ruger & Co. is principally engaged in the design, manufacture, and sale of firearms and precision metal investment castings. The company is the only U.S. firearms manufacturer which offers products in all four industry categories. The company’s firearms consist of single-shot, autoloading, bolt-action, lever action, and muzzleloading rifles in a range of hunting calibers; shotguns in three gauges; .22 caliber rimfire autoloading pistols and centerfire autoloading pistols in various calibers; single and double-action, and muzzleloading revolvers. “
Several other equities research analysts also recently issued reports on the company. TheStreet downgraded Sturm Ruger & from a b- rating to a c rating in a report on Thursday, August 24th. Aegis reaffirmed a buy rating and set a $67.00 price target on shares of Sturm Ruger & in a report on Friday, October 6th. Finally, BidaskClub downgraded Sturm Ruger & from a strong-buy rating to a buy rating in a report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $58.00.
Shares of Sturm Ruger & (NYSE RGR) traded up 1.06% during mid-day trading on Thursday, hitting $52.45. 192,105 shares of the stock were exchanged. The company has a market capitalization of $926.84 million, a PE ratio of 13.29 and a beta of 0.05. The firm has a 50-day moving average price of $50.39 and a 200 day moving average price of $56.87. Sturm Ruger & has a 12-month low of $44.80 and a 12-month high of $68.60.
Sturm Ruger & (NYSE:RGR) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.54). Sturm Ruger & had a net margin of 7.74% and a return on equity of 18.08%. The business had revenue of $131.90 million for the quarter, compared to analyst estimates of $159.60 million. During the same period in the prior year, the business earned $1.22 EPS. The company’s revenue for the quarter was down 21.4% compared to the same quarter last year. On average, equities research analysts expect that Sturm Ruger & will post $3.61 earnings per share for the current year.
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A number of institutional investors have recently made changes to their positions in RGR. Swiss National Bank lifted its holdings in Sturm Ruger & by 3.7% during the 1st quarter. Swiss National Bank now owns 31,200 shares of the company’s stock valued at $1,671,000 after purchasing an additional 1,100 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Sturm Ruger & by 160.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 12,774 shares of the company’s stock valued at $684,000 after purchasing an additional 7,875 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Sturm Ruger & during the 1st quarter valued at $462,000. Mason Street Advisors LLC lifted its holdings in Sturm Ruger & by 2.1% during the 1st quarter. Mason Street Advisors LLC now owns 4,234 shares of the company’s stock valued at $227,000 after purchasing an additional 88 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Sturm Ruger & by 5.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,336 shares of the company’s stock valued at $124,000 after purchasing an additional 116 shares during the last quarter. 82.19% of the stock is owned by institutional investors and hedge funds.
About Sturm Ruger &
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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