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 equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of RGR traded up $0.25 during trading hours on Friday, hitting $36.34. The stock had a trading volume of 59,709 shares, compared to its average volume of 160,523. Sturm, Ruger & Company, Inc. has a 12-month low of $32.74 and a 12-month high of $46.40. The firm has a market cap of $601.79 million, a P/E ratio of 19.86 and a beta of 0.10. The company's fifty day simple moving average is $36.66 and its 200 day simple moving average is $37.12.

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

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

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

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

A number of institutional investors and hedge funds have recently bought and sold shares of RGR. GAMMA Investing LLC lifted its position 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 worth $26,000 after purchasing an additional 576 shares in the last quarter. Byrne Asset Management LLC increased its position in shares of Sturm, Ruger & Company, Inc. by 115.1% during the first quarter. Byrne Asset Management LLC now owns 968 shares of the company's stock worth $38,000 after acquiring an additional 518 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of 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 acquiring an additional 1,305 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted 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 valued at $55,000 after purchasing an additional 1,169 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted 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 valued at $56,000 after purchasing an additional 874 shares during the last quarter. Hedge funds and other institutional investors own 64.00% of the company's stock.

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.