Sturm, Ruger & Company, Inc. (NYSE:RGR) Cut to Strong Sell at Zacks Research

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

A number of other brokerages have also commented on RGR. Weiss Ratings upgraded shares of Sturm, Ruger & Company, Inc. from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday. Lake Street Capital reaffirmed a “buy” rating and issued a $46.00 target price on shares of Sturm, Ruger & Company, Inc. in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded Sturm, Ruger & Company, Inc. from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.00.

Sturm, Ruger & Company, Inc. Stock Down 2.0%

RGR opened at $37.07 on Thursday. The stock has a market cap of $592.39 million, a P/E ratio of 49.43 and a beta of 0.19. Sturm, Ruger & Company, Inc. has a 12 month low of $28.33 and a 12 month high of $48.21. The company has a fifty day simple moving average of $38.53 and a 200 day simple moving average of $39.10.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.10. Sturm, Ruger & Company, Inc. had a return on equity of 6.58% and a net margin of 2.11%.The business had revenue of $158.06 million for the quarter, compared to analysts’ expectations of $128.54 million. During the same quarter in the previous year, the business posted $0.41 EPS. Sturm, Ruger & Company, Inc.’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, equities research analysts expect that Sturm, Ruger & Company, Inc. will post 1.49 earnings per share for the current fiscal year.

Insider Transactions at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, Director Bruce T. Pettet acquired 1,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $39.89 per share, for a total transaction of $39,890.00. Following the purchase, the director directly owned 7,606 shares in the company, valued at approximately $303,403.34. This represents a 15.14% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Phillip Widman acquired 5,000 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $38.00 per share, with a total value of $190,000.00. Following the completion of the purchase, the director owned 45,208 shares in the company, valued at approximately $1,717,904. The trade was a 12.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 7,500 shares of company stock valued at $288,615 over the last 90 days. 4.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 5.2% during the second quarter. The Manufacturers Life Insurance Company now owns 6,002 shares of the company’s stock worth $215,000 after buying an additional 299 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Sturm, Ruger & Company, Inc. by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company’s stock valued at $384,000 after acquiring an additional 390 shares in the last quarter. Nebula Research & Development LLC increased its position in Sturm, Ruger & Company, Inc. by 2.6% during the second quarter. Nebula Research & Development LLC now owns 15,405 shares of the company’s stock worth $553,000 after acquiring an additional 391 shares during the period. Price T Rowe Associates Inc. MD increased its position in Sturm, Ruger & Company, Inc. by 4.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,625 shares of the company’s stock worth $347,000 after acquiring an additional 432 shares during the period. Finally, Brevan Howard Capital Management LP raised its stake in Sturm, Ruger & Company, Inc. by 8.4% in the 2nd quarter. Brevan Howard Capital Management LP now owns 8,028 shares of the company’s stock worth $288,000 after purchasing an additional 620 shares in the last quarter. 64.00% of the stock is owned by institutional investors and hedge funds.

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.