Sturm, Ruger & Company, Inc. (NYSE:RGR) Rating Increased to Strong-Buy at StockNews.com

Sturm, Ruger & Company, Inc. (NYSE:RGR) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

Sturm, Ruger & Company, Inc. Stock Up 1.6 %

Shares of RGR stock opened at $50.37 on Thursday. The company has a market cap of $892.56 million, a price-to-earnings ratio of 13.22 and a beta of 0.49. Sturm, Ruger & Company, Inc. has a 52 week low of $49.45 and a 52 week high of $63.21. The firm has a 50 day moving average of $52.93 and a 200-day moving average of $54.34.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. Sturm, Ruger & Company, Inc. had a net margin of 11.69% and a return on equity of 19.81%. The business had revenue of $142.80 million during the quarter, compared to the consensus estimate of $137.91 million. During the same quarter last year, the firm posted $1.17 EPS. Sturm, Ruger & Company, Inc.’s revenue was up 1.5% compared to the same quarter last year.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

A number of hedge funds have recently bought and sold shares of RGR. BlackRock Inc. raised its stake in shares of Sturm, Ruger & Company, Inc. by 0.8% during the 2nd quarter. BlackRock Inc. now owns 3,011,127 shares of the company’s stock worth $159,469,000 after purchasing an additional 24,588 shares during the period. Vanguard Group Inc. raised its stake in Sturm, Ruger & Company, Inc. by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,942,203 shares of the company’s stock valued at $98,644,000 after acquiring an additional 39,325 shares during the period. Renaissance Technologies LLC raised its stake in Sturm, Ruger & Company, Inc. by 1.0% in the 1st quarter. Renaissance Technologies LLC now owns 1,040,776 shares of the company’s stock valued at $72,459,000 after acquiring an additional 10,201 shares during the period. State Street Corp raised its stake in Sturm, Ruger & Company, Inc. by 0.5% in the 2nd quarter. State Street Corp now owns 610,605 shares of the company’s stock valued at $32,338,000 after acquiring an additional 2,836 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Sturm, Ruger & Company, Inc. by 4.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 537,425 shares of the company’s stock valued at $28,462,000 after acquiring an additional 21,617 shares during the period. 64.23% of the stock is owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Company Profile

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.