Lake Street Capital Issues Positive Forecast for Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock Price

Sturm, Ruger & Company, Inc. (NYSE:RGR) had its price objective increased by Lake Street Capital from $41.00 to $43.00 in a research note released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

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

Sturm, Ruger & Company, Inc. Price Performance

Sturm, Ruger & Company, Inc. stock opened at $38.12 on Tuesday. The stock’s fifty day moving average price is $36.61 and its two-hundred day moving average price is $37.06. Sturm, Ruger & Company, Inc. has a one year low of $28.33 and a one year high of $48.21. The firm has a market cap of $607.63 million, a PE ratio of -136.14 and a beta of 0.19.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released 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). The company had revenue of $151.10 million for the quarter, compared to the consensus estimate of $139.24 million. Sturm, Ruger & Company, Inc. had a negative net margin of 0.80% and a positive return on equity of 6.85%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. Sell-side analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sturm, Ruger & Company, Inc.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC bought a new position in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at $9,486,000. Jane Street Group LLC bought a new stake in Sturm, Ruger & Company, Inc. during the 4th quarter worth $8,011,000. UBS Group AG increased its holdings in Sturm, Ruger & Company, Inc. by 31.1% in the 3rd quarter. UBS Group AG now owns 514,510 shares of the company’s stock worth $22,366,000 after purchasing an additional 122,111 shares in the last quarter. HRT Financial LP acquired a new position in Sturm, Ruger & Company, Inc. in the 4th quarter worth about $3,805,000. Finally, Two Sigma Investments LP raised its position in Sturm, Ruger & Company, Inc. by 118.7% in the third quarter. Two Sigma Investments LP now owns 198,936 shares of the company’s stock valued at $8,648,000 after purchasing an additional 107,977 shares during 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.