Sturm, Ruger & Company, Inc. (NYSE:RGR) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Sturm, Ruger & Company from “strong sell” to “hold.” The stock’s overall analyst consensus is “Hold,” with an average price target of $46.00.
• Ruger reported quarterly EPS of $0.52, exceeding the $0.42 consensus estimate, while revenue reached $158.06 million, up 19.3% year over year and above expectations.
• Shares opened at $43.74, compared with a 52-week range of $28.33 to $48.21. An insider sold 600 shares, while institutional investors own approximately 64% of the company.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Monday, Zacks reports.

A number of other brokerages have also recently commented on RGR. Weiss Ratings upgraded shares of Sturm, Ruger & Company, Inc. from a "sell (d+)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Wall Street Zen raised shares of Sturm, Ruger & Company, Inc. from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $46.00.

Sturm, Ruger & Company, Inc. Price Performance

Shares of Sturm, Ruger & Company, Inc. stock opened at $43.74 on Monday. The firm has a market cap of $698.88 million, a price-to-earnings ratio of 58.32 and a beta of 0.15. The stock's 50-day moving average is $39.17 and its 200-day moving average is $39.56. Sturm, Ruger & Company, Inc. has a one year low of $28.33 and a one year high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.10. The business had revenue of $158.06 million during the quarter, compared to the consensus estimate of $128.54 million. Sturm, Ruger & Company, Inc. had a return on equity of 6.58% and a net margin of 2.11%.Sturm, Ruger & Company, Inc.'s quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share. On average, equities analysts expect that Sturm, Ruger & Company, Inc. will post 1.49 EPS for the current year.

Insider Buying and Selling at Sturm, Ruger & Company, Inc.

In related news, VP Michael Wilson sold 600 shares of Sturm, Ruger & Company, Inc. stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $41.95, for a total value of $25,170.00. Following the transaction, the vice president directly owned 628 shares of the company's stock, valued at $26,344.60. This trade represents a 48.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Group One Trading LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. during the 1st quarter valued at approximately $33,000. Public Employees Retirement System of Ohio acquired a new stake in Sturm, Ruger & Company, Inc. in the second quarter worth $39,000. Motiv8 Investments LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. during the fourth quarter valued at approximately $108,000. State of Wyoming acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 1st quarter worth about $150,000. Finally, Empowered Funds LLC bought a new position in Sturm, Ruger & Company, Inc. during the 1st quarter valued at $218,000. Institutional investors own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc designs, manufactures and sells firearms under the Ruger brand. Its product portfolio includes rifles, pistols, revolvers and shotguns, serving civilian sporting, hunting, personal protection and law enforcement markets.

The company also produces and markets firearms under the Marlin brand. Its offerings include traditional and modern sporting rifles, rimfire and centerfire firearms, and related accessories. Sturm, Ruger primarily serves the United States through a network of independent distributors and retailers, with products also sold in select international markets.

Founded in 1949 by William B.

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