Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) was upgraded by investment analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Monday.
Sturm, Ruger & Company, Inc. Stock Down 0.2 %
RGR traded down $0.09 during midday trading on Monday, hitting $39.51. The company had a trading volume of 158,938 shares, compared to its average volume of 144,032. The stock's 50 day moving average price is $36.07 and its 200 day moving average price is $38.76. Sturm, Ruger & Company, Inc. has a 52 week low of $34.11 and a 52 week high of $48.20. The company has a market capitalization of $662.18 million, a price-to-earnings ratio of 22.32 and a beta of 0.18.
Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.62 EPS for the quarter, meeting analysts' consensus estimates of $0.62. The business had revenue of $145.78 million during the quarter, compared to analyst estimates of $137.77 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. During the same period in the previous year, the company posted $0.58 EPS. Research analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Sturm, Ruger & Company, Inc. by 351.0% during 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 boosted its stake in Sturm, Ruger & Company, Inc. by 32.5% during 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 lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 127.6% in the third quarter. FMR LLC now owns 2,572 shares of the company's stock valued at $107,000 after purchasing an additional 1,442 shares in the last quarter. iSAM Funds UK Ltd purchased a new position in shares of Sturm, Ruger & Company, Inc. during the fourth quarter valued at approximately $209,000. Finally, Brevan Howard Capital Management LP bought a new stake in Sturm, Ruger & Company, Inc. during the fourth quarter worth $210,000. 64.00% of the stock is owned by institutional investors.
About Sturm, Ruger & Company, Inc.
(
Get Free Report)
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.
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