Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock Rating Upgraded by Weiss Ratings

Sturm, Ruger & Company, Inc. (NYSE:RGR) was upgraded by Weiss Ratings from a “sell (d+)” rating to a “hold (c-)” rating in a note issued to investors on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Sturm, Ruger & Company, Inc. from a “buy” rating to a “hold” rating in a report on Sunday, June 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sturm, Ruger & Company, Inc. currently has a consensus rating of “Hold”.

Sturm, Ruger & Company, Inc. Trading Up 1.9%

Sturm, Ruger & Company, Inc. stock opened at $46.99 on Friday. Sturm, Ruger & Company, Inc. has a 12 month low of $31.64 and a 12 month high of $48.21. The business’s 50 day simple moving average is $40.23 and its 200 day simple moving average is $37.65. The company has a market cap of $759.34 million, a price-to-earnings ratio of 151.58 and a beta of 0.09.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.The firm had revenue of $132.49 million for the quarter, compared to analysts’ expectations of $121.99 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities research analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current fiscal year.

Insider Transactions at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, Director Christopher John Killoy sold 8,776 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $40.00, for a total value of $351,040.00. Following the sale, the director directly owned 28,249 shares in the company, valued at $1,129,960. This represents a 23.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.60% of the stock is owned by corporate insiders.

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

A number of institutional investors and hedge funds have recently made changes to their positions in RGR. GAMMA Investing LLC raised its position in shares of Sturm, Ruger & Company, Inc. by 748.1% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock worth $26,000 after buying an additional 576 shares in the last quarter. Byrne Asset Management LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 32.0% in the 2nd quarter. Byrne Asset Management LLC now owns 1,278 shares of the company’s stock valued at $46,000 after acquiring an additional 310 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Sturm, Ruger & Company, Inc. by 506.1% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,400 shares of the company’s stock valued at $55,000 after acquiring an additional 1,169 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Sturm, Ruger & Company, Inc. by 159.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,422 shares of the company’s stock valued at $56,000 after acquiring an additional 874 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 259.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock valued at $56,000 after acquiring an additional 1,132 shares in the last quarter. Hedge funds and other institutional investors own 64.00% of the company’s stock.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.