Sturm, Ruger & Company, Inc. (NYSE:RGR) Downgraded by Wall Street Zen to Hold

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

Sturm, Ruger & Company, Inc. Price Performance

Sturm, Ruger & Company, Inc. stock opened at $35.72 on Friday. The stock has a market cap of $591.57 million, a P/E ratio of 19.52 and a beta of 0.11. Sturm, Ruger & Company, Inc. has a 1 year low of $32.74 and a 1 year high of $46.40. The firm's 50 day moving average price is $36.79 and its 200-day moving average price is $37.13.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a net margin of 5.84% and a return on equity of 9.78%. The company had revenue of $135.74 million for the quarter, compared to the consensus estimate of $148.05 million. During the same quarter in the previous year, the business earned $0.40 EPS. The company's quarterly revenue was down .8% on a year-over-year basis. As a group, equities analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Insider Buying and Selling

In other Sturm, Ruger & Company, Inc. news, Director Phillip Widman purchased 4,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $33.58 per share, for a total transaction of $134,320.00. Following the completion of the transaction, the director now owns 31,757 shares of the company's stock, valued at approximately $1,066,400.06. This trade represents a 14.41% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christopher John Killoy sold 8,583 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Monday, June 9th. The stock was sold at an average price of $37.01, for a total transaction of $317,656.83. Following the transaction, the director now directly owns 41,559 shares of the company's stock, valued at $1,538,098.59. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Sturm, Ruger & Company, Inc. by 748.1% during the first quarter. GAMMA Investing LLC now owns 653 shares of the company's stock valued at $26,000 after purchasing an additional 576 shares during the period. Byrne Asset Management LLC raised its holdings in Sturm, Ruger & Company, Inc. by 115.1% in the first quarter. Byrne Asset Management LLC now owns 968 shares of the company's stock worth $38,000 after purchasing an additional 518 shares in the last quarter. Parallel Advisors LLC raised its holdings in Sturm, Ruger & Company, Inc. by 18,642.9% in the first quarter. Parallel Advisors LLC now owns 1,312 shares of the company's stock worth $52,000 after purchasing an additional 1,305 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Sturm, Ruger & Company, Inc. by 506.1% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,400 shares of the company's stock worth $55,000 after purchasing an additional 1,169 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Sturm, Ruger & Company, Inc. by 159.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,422 shares of the company's stock worth $56,000 after purchasing an additional 874 shares in the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.

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