Sturm, Ruger & Company, Inc. (RGR) Earns Buy Rating from Aegis
Sturm, Ruger & Company, Inc. (NYSE:RGR)‘s stock had its “buy” rating reiterated by investment analysts at Aegis in a research report issued to clients and investors on Friday. They currently have a $67.00 target price on the stock. Aegis’ target price indicates a potential upside of 23.73% from the stock’s previous close.
Several other equities analysts have also issued reports on the company. TheStreet lowered Sturm, Ruger & from a “b-” rating to a “c” rating in a research note on Thursday, August 24th. Zacks Investment Research lowered Sturm, Ruger & from a “buy” rating to a “hold” rating in a research note on Saturday, July 15th. Finally, BidaskClub lowered Sturm, Ruger & from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $58.00.
Sturm, Ruger & (RGR) opened at 54.15 on Friday. Sturm, Ruger & has a 52 week low of $44.80 and a 52 week high of $68.60. The company has a market cap of $956.88 million, a PE ratio of 13.72 and a beta of 0.05. The company has a 50-day moving average of $49.51 and a 200-day moving average of $57.02.
Sturm, Ruger & (NYSE:RGR) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.54). Sturm, Ruger & had a net margin of 11.74% and a return on equity of 29.70%. The firm had revenue of $131.90 million for the quarter, compared to analysts’ expectations of $159.60 million. During the same quarter in the prior year, the business posted $1.22 EPS. The business’s quarterly revenue was down 21.4% on a year-over-year basis. On average, equities analysts expect that Sturm, Ruger & will post $3.60 EPS for the current year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Eqis Capital Management Inc. purchased a new position in Sturm, Ruger & in the third quarter valued at about $221,000. Cetera Investment Advisers purchased a new position in Sturm, Ruger & in the second quarter valued at about $373,000. Public Employees Retirement System of Ohio grew its stake in Sturm, Ruger & by 10.6% in the second quarter. Public Employees Retirement System of Ohio now owns 1,840 shares of the company’s stock valued at $114,000 after purchasing an additional 177 shares during the last quarter. Wealthsource Partners LLC purchased a new position in Sturm, Ruger & in the second quarter valued at about $301,000. Finally, Piedmont Investment Advisors LLC purchased a new position in Sturm, Ruger & in the second quarter valued at about $237,000. Institutional investors own 82.17% of the company’s stock.
About Sturm, Ruger &
Sturm, Ruger & Company, Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States.
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