#3 - Sturm, Ruger & Company (NYSE:RGR)
Sturm, Ruger & Company Inc. (NYSE: RGR) is the contrarian choice on this list. The company makes firearms and castings, and that’s going to raise passions in investors on both sides of the gun control issue.
It might surprise you that a company that is front-and-center on such a volatile issue would be a low beta stock. But it is, and that’s why its performance merits a closer look.
RGR stock is down 19.46% in the last five years. However, to be fair, almost all of that downside has come in the last year, and more specifically since November 2023. The company’s earnings in 2023 were lower on a year-over-year basis as the company faced inflationary pressures and a shift towards lower-margin products.
However, RGR stock was breaking even before then and had risen to an all-time high in 2020 and 2021 and is up about 2% in 2024. And while low beta stocks are generally about buying and holding, investors with a short-term focus should consider that firearm stocks have a history of performing well in election years.
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. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.
Read More - Current Price
- $41.46
- Consensus Rating
- Strong Buy
- Ratings Breakdown
- 1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
