Lake Street Capital Boosts Sturm, Ruger & Company, Inc. (NYSE:RGR) Price Target to $43.00

Sturm, Ruger & Company, Inc. (NYSE:RGR) had its price target hoisted by analysts at Lake Street Capital from $41.00 to $43.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s price objective would suggest a potential upside of 11.80% from the stock’s previous close.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $43.00.

Sturm, Ruger & Company, Inc. Trading Up 0.7%

Shares of Sturm, Ruger & Company, Inc. stock opened at $38.46 on Tuesday. The company’s 50-day moving average price is $36.73 and its 200-day moving average price is $37.07. Sturm, Ruger & Company, Inc. has a 12-month low of $28.33 and a 12-month high of $48.21. The company has a market cap of $613.05 million, a price-to-earnings ratio of -137.36 and a beta of 0.19.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its earnings results on Monday, March 2nd. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Sturm, Ruger & Company, Inc. had a positive return on equity of 6.93% and a negative net margin of 0.80%.The firm had revenue of $151.06 million for the quarter, compared to the consensus estimate of $139.24 million. During the same period last year, the company posted $0.62 EPS. The business’s revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Institutional Trading of Sturm, Ruger & Company, Inc.

A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC grew its position in Sturm, Ruger & Company, Inc. by 239.4% in the first quarter. AQR Capital Management LLC now owns 100,834 shares of the company’s stock worth $3,962,000 after acquiring an additional 71,128 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company’s stock worth $384,000 after purchasing an additional 390 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Sturm, Ruger & Company, Inc. in the 2nd quarter worth about $1,105,000. Jupiter Asset Management Ltd. bought a new position in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter valued at about $234,000. Finally, SG Americas Securities LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 36.8% during the 2nd quarter. SG Americas Securities LLC now owns 5,970 shares of the company’s stock valued at $214,000 after buying an additional 1,606 shares in the last quarter. 64.00% of the stock is owned by institutional investors.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.