Sturm, Ruger & Company, Inc. (NYSE:RGR) Rating Increased to Strong-Buy at Zacks Investment Research

Sturm, Ruger & Company, Inc. (NYSE:RGR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday, Zacks.com reports. The brokerage presently has a $83.00 target price on the stock. Zacks Investment Research‘s target price suggests a potential upside of 14.39% 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, Lake Street Capital lifted their price target on shares of Sturm, Ruger & Company, Inc. from $94.00 to $100.00 and gave the company a “buy” rating in a report on Friday, May 7th.

Shares of RGR stock opened at $72.56 on Thursday. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 19.25 and a beta of 0.36. Sturm, Ruger & Company, Inc. has a one year low of $57.41 and a one year high of $90.74. The company’s fifty day moving average price is $68.46 and its 200-day moving average price is $67.25.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Wednesday, May 5th. The company reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.72. Sturm, Ruger & Company, Inc. had a net margin of 13.25% and a return on equity of 23.55%. As a group, equities analysts expect that Sturm, Ruger & Company, Inc. will post 4.42 earnings per share for the current year.

In other Sturm, Ruger & Company, Inc. news, VP Michael W. Wilson sold 5,172 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of $65.91, for a total value of $340,886.52. Following the completion of the transaction, the vice president now directly owns 5,395 shares of the company’s stock, valued at approximately $355,584.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher John Killoy sold 10,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Friday, May 7th. The stock was sold at an average price of $69.95, for a total transaction of $699,500.00. The disclosure for this sale can be found here. Insiders sold a total of 28,775 shares of company stock valued at $1,977,198 over the last three months. Corporate insiders own 4.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in shares of Sturm, Ruger & Company, Inc. by 12.3% during the 1st quarter. Geode Capital Management LLC now owns 281,679 shares of the company’s stock worth $18,610,000 after purchasing an additional 30,781 shares during the period. Navellier & Associates Inc boosted its stake in shares of Sturm, Ruger & Company, Inc. by 17.8% during the 1st quarter. Navellier & Associates Inc now owns 10,495 shares of the company’s stock worth $693,000 after purchasing an additional 1,586 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Sturm, Ruger & Company, Inc. by 16.2% during the 1st quarter. JPMorgan Chase & Co. now owns 31,821 shares of the company’s stock worth $2,102,000 after purchasing an additional 4,443 shares during the period. UBS Group AG boosted its stake in shares of Sturm, Ruger & Company, Inc. by 9.9% during the 1st quarter. UBS Group AG now owns 91,733 shares of the company’s stock worth $6,061,000 after purchasing an additional 8,274 shares during the period. Finally, Sciencast Management LP purchased a new stake in Sturm, Ruger & Company, Inc. in the 1st quarter valued at about $331,000. 77.13% of the stock is owned by hedge funds and other institutional investors.

About Sturm, Ruger & Company, Inc.

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 in 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.

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