Sturm Ruger & Company Inc (RGR) Receives Average Rating of “Hold” from Analysts

Shares of Sturm Ruger & Company Inc (NYSE:RGR) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $64.50.

Several research firms have commented on RGR. Zacks Investment Research downgraded shares of Sturm Ruger & Company Inc from a “hold” rating to a “strong sell” rating in a research report on Friday, November 10th. Aegis reissued a “buy” rating and set a $67.00 target price on shares of Sturm Ruger & Company Inc in a research report on Friday, October 6th.

Sturm Ruger & Company Inc (NYSE RGR) opened at $52.65 on Thursday. Sturm Ruger & Company Inc has a one year low of $44.80 and a one year high of $68.80. The firm has a market cap of $917.61, a price-to-earnings ratio of 15.44 and a beta of 0.07.

Sturm Ruger & Company Inc (NYSE:RGR) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.07). The company had revenue of $104.80 million during the quarter, compared to analyst estimates of $126.20 million. Sturm Ruger & Company Inc had a return on equity of 26.62% and a net margin of 11.07%. The company’s revenue was down 35.1% compared to the same quarter last year. During the same period last year, the company posted $1.21 earnings per share. equities research analysts predict that Sturm Ruger & Company Inc will post 3.02 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Fort L.P. increased its position in Sturm Ruger & Company Inc by 152.7% during the third quarter. Fort L.P. now owns 29,162 shares of the company’s stock worth $1,508,000 after buying an additional 17,623 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Sturm Ruger & Company Inc by 11.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 127,854 shares of the company’s stock worth $7,947,000 after buying an additional 13,541 shares during the last quarter. Ameriprise Financial Inc. increased its position in Sturm Ruger & Company Inc by 5.6% during the third quarter. Ameriprise Financial Inc. now owns 111,045 shares of the company’s stock worth $5,742,000 after buying an additional 5,921 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Sturm Ruger & Company Inc by 87.7% in the second quarter. Teachers Advisors LLC now owns 58,792 shares of the company’s stock valued at $3,654,000 after purchasing an additional 27,471 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in shares of Sturm Ruger & Company Inc by 32.5% in the third quarter. BNP Paribas Arbitrage SA now owns 15,771 shares of the company’s stock valued at $815,000 after purchasing an additional 3,872 shares during the last quarter. 84.54% of the stock is currently owned by hedge funds and other institutional investors.

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Sturm Ruger & Company Inc Company Profile

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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