#5 - Sturm, Ruger & Company (NYSE:RGR)
Sturm, Ruger & Company Inc. (NYSE: RGR) is one of the worst-performing stocks on this list of low beta stocks. RGR stock is down 8.9% in 2024 and 17.5% in the last 12 months. It’s also trading near its 52-week low.
Practitioners of technical analysis will remark that the stock appears to have formed a bottom. That explains the what could happen, but why might the stock be ready to rebound?
Sturm, Ruger & Company manufactures and sells firearms. In fact, it’s the largest firearms manufacturer in the United States. Statistics aside, the lived experience of many Americans suggests that firearm sales are likely to increase. To date, 2024 firearm sales closely approximate that of 2023, but they could increase, particularly if consumers believe gun laws may become more restrictive.
RGR stock is also attractively valued at just 18x forward earnings, which is below the 24x average of consumer discretionary stocks.
About Sturm, Ruger & Company, Inc.
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.
More- Current Price
- $39.63
- Consensus Rating
- Strong Buy
- Ratings Breakdown
- 1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
