Sturm Ruger & Company Inc (RGR) Rating Increased to Hold at Zacks Investment Research
Sturm Ruger & Company Inc (NYSE:RGR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “Sturm Ruger & Co. is principally engaged in the design, manufacture, and sale of firearms and precision metal investment castings. The company is the only U.S. firearms manufacturer which offers products in all four industry categories. The company’s firearms consist of single-shot, autoloading, bolt-action, lever action, and muzzleloading rifles in a range of hunting calibers; shotguns in three gauges; .22 caliber rimfire autoloading pistols and centerfire autoloading pistols in various calibers; single and double-action, and muzzleloading revolvers. “
Other research analysts also recently issued research reports about the company. BidaskClub downgraded Sturm Ruger & from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Aegis reaffirmed a “buy” rating and issued a $67.00 price target on shares of Sturm Ruger & in a research note on Friday, October 6th. Finally, TheStreet downgraded Sturm Ruger & from a “b-” rating to a “c” rating in a research note on Thursday, August 24th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $58.00.
Shares of Sturm Ruger & (RGR) traded up 1.06% during midday trading on Thursday, hitting $52.45. 192,105 shares of the company were exchanged. The company has a 50-day moving average of $50.39 and a 200 day moving average of $56.87. The company has a market capitalization of $926.84 million, a P/E ratio of 13.29 and a beta of 0.05. Sturm Ruger & has a one year low of $44.80 and a one year high of $68.80.
Sturm Ruger & (NYSE:RGR) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.54). The company had revenue of $131.90 million during the quarter, compared to analyst estimates of $159.60 million. Sturm Ruger & had a net margin of 7.74% and a return on equity of 18.08%. The firm’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same period last year, the firm earned $1.22 EPS. On average, equities research analysts expect that Sturm Ruger & will post $3.61 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the business. APG Asset Management N.V. acquired a new position in Sturm Ruger & during the third quarter worth about $455,000. Tributary Capital Management LLC raised its stake in Sturm Ruger & by 71.2% during the third quarter. Tributary Capital Management LLC now owns 238,312 shares of the company’s stock worth $12,321,000 after acquiring an additional 99,150 shares in the last quarter. Eqis Capital Management Inc. acquired a new position in Sturm Ruger & during the third quarter worth about $221,000. Cetera Investment Advisers acquired a new position in Sturm Ruger & during the second quarter worth about $373,000. Finally, Public Employees Retirement System of Ohio raised its stake in Sturm Ruger & by 10.6% during the second quarter. Public Employees Retirement System of Ohio now owns 1,840 shares of the company’s stock worth $114,000 after acquiring an additional 177 shares in the last quarter. 82.19% of the stock is owned by hedge funds and other institutional investors.
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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