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

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

Sturm, Ruger & Company, Inc. Stock Up 2.8 %

RGR opened at $40.83 on Monday. Sturm, Ruger & Company, Inc. has a 52 week low of $34.11 and a 52 week high of $48.20. The stock has a market cap of $684.31 million, a PE ratio of 23.07 and a beta of 0.18. The business has a 50 day moving average of $35.71 and a 200-day moving average of $38.76.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.62 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.62. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The business had revenue of $145.78 million during the quarter, compared to the consensus estimate of $137.77 million. During the same quarter in the prior year, the company earned $0.58 earnings per share. Equities analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the 3rd quarter worth approximately $320,000. International Assets Investment Management LLC boosted its holdings in Sturm, Ruger & Company, Inc. by 4,075.7% in the third quarter. International Assets Investment Management LLC now owns 19,041 shares of the company’s stock worth $794,000 after acquiring an additional 18,585 shares in the last quarter. Aigen Investment Management LP grew its stake in shares of Sturm, Ruger & Company, Inc. by 7.5% in the third quarter. Aigen Investment Management LP now owns 7,510 shares of the company’s stock worth $313,000 after acquiring an additional 527 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Sturm, Ruger & Company, Inc. by 4,027.7% during the third quarter. Quest Partners LLC now owns 21,877 shares of the company’s stock valued at $912,000 after acquiring an additional 21,347 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Sturm, Ruger & Company, Inc. by 64.4% in the 3rd quarter. Intech Investment Management LLC now owns 12,279 shares of the company’s stock worth $512,000 after purchasing an additional 4,810 shares during the last quarter. Institutional investors own 64.00% of the company’s stock.

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.