#7 - Sturm Ruger & Company Inc (NYSE:RGR)
Sturm Ruger & Company Inc. (NYSE: RGR) - Simply put, the firearm industry is under fire. Remington has already filed for bankruptcy and sales for Smith & Wesson parent company, American Outdoor Brands Corp. are in decline. What this means for Sturm Ruger is unclear. The company had an anti-gun activist speak at one of their shareholder events. And the company is publicly supporting measures initiated by their shareholders to monitor violent events in which their product are used, demonstrate that they are attempting to manufacture safer firearms (there is some talk of “smart guns”) and finally to provide shareholders with a risk assessment based on U.S. gun violence. The stock was undervalued early in the year and has surged, but the industry faces headwinds, including stricter gun laws that are almost inevitable. A catalyst of the Remington bankruptcy was having their products attached to the weapons used in the Sandy Hook violence. That presents an existential risk to Sturm Ruger.
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
- $41.75
- Consensus Rating
- Strong Buy
- Ratings Breakdown
- 1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
