Sturm, Ruger & Company, Inc. (NYSE:RGR) Rating Lowered to “Strong Sell” at Zacks Research

Sturm, Ruger & Company, Inc. (NYSE:RGR) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

A number of other equities analysts have also weighed in on RGR. Lake Street Capital upped their price objective on Sturm, Ruger & Company, Inc. from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings reissued a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, Sturm, Ruger & Company, Inc. presently has an average rating of “Reduce” and a consensus price target of $43.00.

Sturm, Ruger & Company, Inc. Trading Up 2.6%

NYSE:RGR opened at $38.08 on Thursday. The company has a 50 day simple moving average of $36.94 and a two-hundred day simple moving average of $37.10. The company has a market cap of $607.00 million, a PE ratio of -136.00 and a beta of 0.19. Sturm, Ruger & Company, Inc. has a 12 month low of $28.33 and a 12 month high of $48.21.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings results on Monday, March 2nd. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). The business had revenue of $151.06 million for the quarter, compared to analysts’ expectations of $139.24 million. Sturm, Ruger & Company, Inc. had a negative net margin of 0.80% and a positive return on equity of 6.93%. Sturm, Ruger & Company, Inc.’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 EPS. Research analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC purchased a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter valued at about $29,000. Parallel Advisors LLC grew its stake in shares of Sturm, Ruger & Company, Inc. by 176.5% in the third quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock valued at $49,000 after buying an additional 720 shares in the last quarter. GAMMA Investing LLC boosted its position in Sturm, Ruger & Company, Inc. by 158.2% in the 4th quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock valued at $40,000 after buying an additional 745 shares during the period. Finally, Cornerstone Planning Group LLC lifted its stake in Sturm, Ruger & Company, Inc. by 2,075.8% in the third quarter. Cornerstone Planning Group LLC now owns 1,436 shares of the company’s stock worth $62,000 after acquiring an additional 1,370 shares during the last quarter. 64.00% of the stock is owned by institutional investors and hedge funds.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Company, Inc, founded in 1949 by William B. Ruger and Alexander McCormick Sturm, is a leading American designer and manufacturer of firearms. Headquartered in Newport, New Hampshire, the company has established a reputation for precision engineering and durable products. Its manufacturing footprint includes facilities in Newport and Mayodan, North Carolina, where it maintains a vertically integrated production model spanning metallurgy, machining, and assembly.

The company’s product portfolio encompasses a broad range of small arms, including centerfire and rimfire rifles, shotguns, semi-automatic pistols, revolvers, and accessories.