#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 & 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
- $34.93
- Consensus Rating
- Strong Buy
- Ratings Breakdown
- 1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
