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

Sturm, Ruger & Company, Inc. (NYSE:RGR) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other research analysts have also issued reports about the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a report on Friday, March 27th. Lake Street Capital raised their price target on Sturm, Ruger & Company, Inc. from $41.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sturm, Ruger & Company, Inc. has an average rating of “Hold” and a consensus target price of $43.00.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE:RGR opened at $41.87 on Monday. Sturm, Ruger & Company, Inc. has a 52-week low of $28.33 and a 52-week high of $48.21. The company has a market capitalization of $667.84 million, a P/E ratio of -149.54 and a beta of 0.21. The company has a 50-day simple moving average of $40.27 and a 200 day simple moving average of $37.47.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly 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 business had revenue of $151.06 million for the quarter, compared to analyst estimates of $139.24 million. During the same period last year, the firm earned $0.62 EPS. Sturm, Ruger & Company, Inc.’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts forecast that Sturm, Ruger & Company, Inc. will post 1.98 earnings per share for the current year.

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

A number of large investors have recently made changes to their positions in RGR. Millennium Management LLC acquired a new stake in Sturm, Ruger & Company, Inc. during the 4th quarter worth approximately $9,486,000. Jane Street Group LLC acquired a new position in Sturm, Ruger & Company, Inc. in the 4th quarter valued at $8,011,000. UBS Group AG increased its position in Sturm, Ruger & Company, Inc. by 31.1% during the 3rd quarter. UBS Group AG now owns 514,510 shares of the company’s stock worth $22,366,000 after buying an additional 122,111 shares during the period. HRT Financial LP bought a new position in Sturm, Ruger & Company, Inc. during the 4th quarter worth $3,805,000. Finally, Two Sigma Investments LP lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 118.7% during the third quarter. Two Sigma Investments LP now owns 198,936 shares of the company’s stock worth $8,648,000 after buying an additional 107,977 shares in the last quarter. Institutional investors own 64.00% of the company’s stock.

About Sturm, Ruger & Company, Inc.

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.