Sturm Ruger & Co. Sets New 1-Year High at $81.50 (RGR)
Sturm Ruger & Co. (NYSE:RGR) set a new 52-week high during mid-day trading on Friday, AnalystRatings.Net reports. The stock traded as high as $81.50 and last traded at $80.54, with a volume of 313,618 shares. The stock had previously closed at $80.03.
RGR has been the subject of a number of recent research reports. Analysts at CRT Capital initiated coverage on shares of Sturm Ruger & Co. in a research note to investors on Tuesday. They set a “buy” rating and a $85.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Sturm Ruger & Co. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $82.40 price target on the stock. Finally, analysts at KeyCorp reiterated an “underweight” rating on shares of Sturm Ruger & Co. in a research note to investors on Monday.
In other Sturm Ruger & Co. news, VP Kevin Sr Reid, Sr. unloaded 5,000 shares of the company’s stock on the open market in a transaction dated Thursday, January 9th. The shares were sold at an average price of $78.10, for a total transaction of $390,500.00. Following the sale, the vice president now directly owns 15,000 shares in the company, valued at approximately $1,171,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Sturm Ruger & Co. has a 1-year low of $44.76 and a 1-year high of $80.28. The stock’s 50-day moving average is $74.17 and its 200-day moving average is $62.23. The company has a market cap of $1.558 billion and a P/E ratio of 15.16.
Sturm Ruger & Co. (NYSE:RGR) last released its earnings data on Wednesday, November 6th. The company reported $1.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.21 by $0.23. The company had revenue of $170.90 million for the quarter, compared to the consensus estimate of $154.34 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 44.6% on a year-over-year basis. Analysts expect that Sturm Ruger & Co. will post $5.64 EPS for the current fiscal year.
Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers.
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