Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock Rating Upgraded by Zacks Investment Research

Sturm, Ruger & Company, Inc. (NYSE:RGRGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday, Zacks.com reports. The firm currently has a $74.00 price objective on the stock. Zacks Investment Research‘s price objective points to a potential upside of 14.55% from the stock’s current price.

According to Zacks, “Sturm, Ruger & Co., Inc. is one of the nation’s leading manufacturers of rugged, reliable firearms for the commercial sporting market. As a full-line manufacturer of American-made firearms, Ruger offers consumers of variations of the product lines, from the ubiquitous 10/22® and Mini-14®, to the new and exciting LCP® II, Mark IV™, Ruger American Pistol®, Ruger Precision Rifle®, SR-556 Takedown®, AR-556® and Ruger American Rifle®. Their awarding-winning products (the Gunsite Scout Rifle, SR9c®, LCR® and LCP®) all prove that Ruger has a rugged, reliable firearm to meet every shooter’s needs. Ruger has been a model of corporate and community responsibility. Their motto, Arms Makers for Responsible Citizens®, echoes their commitment to these principles as they work hard to deliver quality and innovative firearms. “

Separately, StockNews.com lowered shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “hold” rating in a research note on Tuesday.

NYSE RGR opened at $64.60 on Thursday. The firm has a 50 day simple moving average of $70.42 and a 200-day simple moving average of $69.82. Sturm, Ruger & Company, Inc. has a one year low of $62.38 and a one year high of $92.49. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 7.76 and a beta of 0.42.

Sturm, Ruger & Company, Inc. (NYSE:RGRGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.03). Sturm, Ruger & Company, Inc. had a net margin of 20.75% and a return on equity of 42.30%. The business had revenue of $166.60 million during the quarter, compared to analysts’ expectations of $164.64 million. During the same period in the previous year, the business posted $2.16 EPS. The company’s revenue for the quarter was down 9.7% compared to the same quarter last year. As a group, analysts forecast that Sturm, Ruger & Company, Inc. will post 5.41 EPS for the current fiscal year.

In related news, VP Randall Wheeler sold 1,604 shares of the firm’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $68.84, for a total value of $110,419.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.20% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in RGR. Millennium Management LLC raised its holdings in Sturm, Ruger & Company, Inc. by 24.2% during the second quarter. Millennium Management LLC now owns 4,050 shares of the company’s stock worth $364,000 after purchasing an additional 789 shares in the last quarter. Morgan Stanley raised its holdings in Sturm, Ruger & Company, Inc. by 120.5% during the second quarter. Morgan Stanley now owns 289,534 shares of the company’s stock worth $26,052,000 after purchasing an additional 158,232 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. in the 3rd quarter valued at $331,000. Advisor Group Holdings Inc. increased its holdings in shares of Sturm, Ruger & Company, Inc. by 21.8% in the 3rd quarter. Advisor Group Holdings Inc. now owns 16,896 shares of the company’s stock valued at $1,246,000 after acquiring an additional 3,021 shares during the period. Finally, Moors & Cabot Inc. acquired a new position in shares of Sturm, Ruger & Company, Inc. in the 3rd quarter valued at $64,000. 68.17% of the stock is currently owned by institutional investors.

About Sturm, Ruger & Company, Inc. (Get Rating)

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates through two segments, Firearms and Castings. The company provides single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.

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