Sturm, Ruger & Company, Inc. (NYSE:RGR) Raised to "Buy" at Wall Street Zen

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Sturm, Ruger & Company, Inc. Trading Down 1.4%

Sturm, Ruger & Company, Inc. stock opened at $37.21 on Friday. Sturm, Ruger & Company, Inc. has a twelve month low of $32.74 and a twelve month high of $46.40. The stock's fifty day simple moving average is $37.10 and its 200-day simple moving average is $37.17. The firm has a market capitalization of $616.20 million, a P/E ratio of 20.33 and a beta of 0.11.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its earnings results 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 for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. Sell-side analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Timothy Lowney acquired 2,200 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was bought at an average price of $33.37 per share, for a total transaction of $73,414.00. Following the completion of the purchase, the vice president now directly owns 8,874 shares of the company's stock, valued at approximately $296,125.38. The trade was a 32.96% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher John Killoy sold 8,583 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $37.01, for a total transaction of $317,656.83. Following the completion of the transaction, the director now owns 41,559 shares of the company's stock, valued at $1,538,098.59. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.60% of the company's stock.

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

Several hedge funds have recently made changes to their positions in RGR. Bank of New York Mellon Corp lifted its stake in shares of Sturm, Ruger & Company, Inc. by 12.6% during the fourth quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company's stock valued at $7,174,000 after buying an additional 22,736 shares during the period. GAMMA Investing LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 33,219.5% during the first quarter. GAMMA Investing LLC now owns 25,656 shares of the company's stock valued at $1,008,000 after buying an additional 25,579 shares during the period. Millennium Management LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 19.4% during the fourth quarter. Millennium Management LLC now owns 98,102 shares of the company's stock valued at $3,470,000 after buying an additional 15,928 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in shares of Sturm, Ruger & Company, Inc. by 40.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 53,048 shares of the company's stock valued at $1,876,000 after buying an additional 15,386 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in shares of Sturm, Ruger & Company, Inc. during the fourth quarter valued at approximately $481,000. Institutional investors and hedge funds 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.

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