Sturm, Ruger & Company, Inc. (NYSE:RGR) Downgraded by Zacks Research to Strong Sell

Key Points

• Zacks Research downgraded Sturm, Ruger to “strong sell” from “hold,” although other analysts have issued mixed views. The stock has an overall “Hold” consensus rating and a $46 price target.
• Ruger reported quarterly earnings of $0.52 per share, beating estimates of $0.42, while revenue rose 19.3% year over year to $158.06 million.
• The stock opened at $37.07, below its 50-day and 200-day moving averages of $38.53 and $39.10, respectively. Insiders bought 7,500 shares in the last quarter, while institutional investors own 64% of the company.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other research firms have also recently weighed in on RGR. Weiss Ratings upgraded shares of Sturm, Ruger & Company, Inc. from a "sell (d+)" rating to a "hold (c)" rating in a research report on Monday. Wall Street Zen upgraded shares of Sturm, Ruger & Company, Inc. from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 1st. Finally, Lake Street Capital reissued a "buy" rating and set a $46.00 price target on shares of Sturm, Ruger & Company, Inc. in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $46.00.

Sturm, Ruger & Company, Inc. Stock Performance

Sturm, Ruger & Company, Inc. stock opened at $37.07 on Thursday. The business's fifty day moving average is $38.53 and its two-hundred day moving average is $39.10. The firm has a market cap of $592.39 million, a P/E ratio of 49.43 and a beta of 0.19. Sturm, Ruger & Company, Inc. has a 52 week low of $28.33 and a 52 week high of $48.21.

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

Insider Activity

In other Sturm, Ruger & Company, Inc. news, Director Phillip Widman acquired 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of $38.00 per share, for a total transaction of $190,000.00. Following the completion of the acquisition, the director directly owned 45,208 shares of the company's stock, valued at approximately $1,717,904. This represents a 12.44% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Todd William Seyfert acquired 1,500 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Wednesday, May 20th. The stock was acquired at an average cost of $39.15 per share, for a total transaction of $58,725.00. Following the completion of the purchase, the chief executive officer owned 1,500 shares of the company's stock, valued at approximately $58,725. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have acquired 7,500 shares of company stock valued at $288,615. 4.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter valued at about $25,000. Group One Trading LLC bought a new position in Sturm, Ruger & Company, Inc. during the first quarter worth about $33,000. Flagship Harbor Advisors LLC bought a new position in Sturm, Ruger & Company, Inc. during the fourth quarter worth about $29,000. Parallel Advisors LLC grew its position in shares of Sturm, Ruger & Company, Inc. by 176.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,128 shares of the company's stock worth $49,000 after buying an additional 720 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Sturm, Ruger & Company, Inc. by 259.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company's stock worth $56,000 after buying an additional 1,132 shares during the period. 64.00% of the stock is currently owned by institutional investors.

About Sturm, Ruger & Company, Inc.

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.

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