Sturm, Ruger & Company, Inc. (NYSE:RGR) Upgraded to Strong-Buy at StockNews.com

Sturm, Ruger & Company, Inc. (NYSE:RGR) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday.

Sturm, Ruger & Company, Inc. Stock Up 0.4 %

Shares of RGR traded up $0.15 during mid-day trading on Monday, reaching $39.77. The company’s stock had a trading volume of 191,705 shares, compared to its average volume of 143,380. The business has a fifty day moving average of $35.66 and a 200 day moving average of $38.77. The company has a market cap of $666.54 million, a price-to-earnings ratio of 22.47 and a beta of 0.18. Sturm, Ruger & Company, Inc. has a 1 year low of $34.11 and a 1 year high of $48.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The firm had revenue of $145.78 million for the quarter, compared to analyst estimates of $137.77 million. During the same period in the previous year, the firm earned $0.58 earnings per share. On average, analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. grew its position in Sturm, Ruger & Company, Inc. by 351.0% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,655 shares of the company’s stock worth $59,000 after acquiring an additional 1,288 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Sturm, Ruger & Company, Inc. by 32.5% in the 4th quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company’s stock valued at $71,000 after purchasing an additional 495 shares during the last quarter. FMR LLC boosted its holdings in Sturm, Ruger & Company, Inc. by 127.6% in the third quarter. FMR LLC now owns 2,572 shares of the company’s stock worth $107,000 after purchasing an additional 1,442 shares in the last quarter. iSAM Funds UK Ltd acquired a new position in Sturm, Ruger & Company, Inc. during the fourth quarter worth $209,000. Finally, Brevan Howard Capital Management LP acquired a new position in Sturm, Ruger & Company, Inc. during the fourth quarter worth $210,000. 64.00% of the stock is owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates under 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.