Sturm, Ruger & Company, Inc. (NYSE:RGR) Lowered to “Strong Sell” Rating 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.

A number of other research firms have also recently issued reports on RGR. Lake Street Capital raised their price objective on Sturm, Ruger & Company, Inc. from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $43.00.

Sturm, Ruger & Company, Inc. Price Performance

RGR opened at $38.08 on Thursday. The business’s 50-day moving average price is $36.94 and its two-hundred day moving average price is $37.10. Sturm, Ruger & Company, Inc. has a 1 year low of $28.33 and a 1 year high of $48.21. The company has a market capitalization of $607.00 million, a price-to-earnings ratio of -136.00 and a beta of 0.19.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its earnings results on Monday, March 2nd. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). The firm had revenue of $151.06 million during the quarter, compared to the consensus estimate of $139.24 million. Sturm, Ruger & Company, Inc. had a negative net margin of 0.80% and a positive return on equity of 6.93%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. Sell-side analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Institutional Trading of Sturm, Ruger & Company, Inc.

Several institutional investors and hedge funds have recently modified their holdings of RGR. The Manufacturers Life Insurance Company raised its stake in shares of Sturm, Ruger & Company, Inc. by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,002 shares of the company’s stock valued at $215,000 after purchasing an additional 299 shares during the period. XTX Topco Ltd boosted its stake in Sturm, Ruger & Company, Inc. by 2.3% in the second quarter. XTX Topco Ltd now owns 16,890 shares of the company’s stock worth $606,000 after buying an additional 372 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Sturm, Ruger & Company, Inc. by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company’s stock worth $384,000 after purchasing an additional 390 shares during the period. Nebula Research & Development LLC lifted its position in Sturm, Ruger & Company, Inc. by 2.6% in the second quarter. Nebula Research & Development LLC now owns 15,405 shares of the company’s stock valued at $553,000 after purchasing an additional 391 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Sturm, Ruger & Company, Inc. by 4.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,625 shares of the company’s stock valued at $347,000 after buying an additional 432 shares during the period. 64.00% of the stock is owned by hedge funds and other institutional investors.

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.