Sturm, Ruger & Company, Inc. (NYSE:RGR) Earns "Sell (D+)" Rating from Weiss Ratings

Key Points

• Sturm, Ruger & Company, Inc. received a "sell (D+)" rating from Weiss Ratings, indicating a negative outlook for the stock.
• Wall Street Zen downgraded the company's rating from "buy" to "hold", and overall, the stock has a consensus rating of "Sell".
• Despite these ratings, Sturm, Ruger reported earnings of $0.41 per share, exceeding analysts' expectations of $0.38 and achieving a revenue of $132.49 million for the quarter.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report)'s stock had its "sell (d+)" rating restated by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded Sturm, Ruger & Company, Inc. from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of "Sell".

Sturm, Ruger & Company, Inc. Stock Up 3.0%

Sturm, Ruger & Company, Inc. stock opened at $46.63 on Wednesday. The business has a fifty day moving average of $37.30 and a two-hundred day moving average of $37.09. The firm has a market cap of $753.63 million, a P/E ratio of 150.42 and a beta of 0.09. Sturm, Ruger & Company, Inc. has a twelve month low of $31.64 and a twelve month high of $46.67.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.03. The company had revenue of $132.49 million during the quarter, compared to analyst estimates of $121.99 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.Sturm, Ruger & Company, Inc.'s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share. Equities analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Insider Activity

In related news, Director Christopher John Killoy sold 8,776 shares of the company's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $40.00, for a total value of $351,040.00. Following the transaction, the director directly owned 28,249 shares of the company's stock, valued at $1,129,960. This represents a 23.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sturm, Ruger & Company, Inc.

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Sturm, Ruger & Company, Inc. by 748.1% in 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 last quarter. Aurora Private Wealth Inc. purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the 1st quarter worth about $1,570,000. Ballentine Partners LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter worth about $325,000. Invesco Ltd. boosted its stake in shares of Sturm, Ruger & Company, Inc. by 9.2% during the 1st quarter. Invesco Ltd. now owns 154,872 shares of the company's stock worth $6,085,000 after acquiring an additional 13,099 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the 1st quarter worth about $2,223,000. 64.00% of the stock is owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Company Profile

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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