Sturm Ruger & Company Inc (RGR) Receives Consensus Recommendation of “Hold” from Brokerages

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

Separately, Zacks Investment Research upgraded shares of Sturm Ruger & Company Inc from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 19th.

Sturm Ruger & Company Inc (NYSE RGR) opened at $49.55 on Monday. The firm has a market cap of $863.56, a P/E ratio of 14.49 and a beta of -0.09. Sturm Ruger & Company Inc has a 12 month low of $44.80 and a 12 month high of $68.80.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in Sturm Ruger & Company Inc by 3.0% in the fourth quarter. BlackRock Inc. now owns 2,948,467 shares of the company’s stock worth $164,671,000 after acquiring an additional 85,318 shares in the last quarter. State Street Corp grew its position in Sturm Ruger & Company Inc by 2.0% in the second quarter. State Street Corp now owns 426,242 shares of the company’s stock worth $26,493,000 after acquiring an additional 8,446 shares in the last quarter. Deprince Race & Zollo Inc. grew its position in Sturm Ruger & Company Inc by 316.0% in the fourth quarter. Deprince Race & Zollo Inc. now owns 385,985 shares of the company’s stock worth $21,557,000 after acquiring an additional 293,208 shares in the last quarter. Tributary Capital Management LLC grew its position in Sturm Ruger & Company Inc by 71.2% in 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. Finally, Schwab Charles Investment Management Inc. grew its position in Sturm Ruger & Company Inc by 16.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 149,703 shares of the company’s stock worth $8,361,000 after acquiring an additional 21,356 shares in the last quarter. Hedge funds and other institutional investors own 86.29% of the company’s stock.

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About Sturm Ruger & Company Inc

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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