Sturm, Ruger & Company, Inc. (NYSE:RGR) Upgraded at StockNews.com

Sturm, Ruger & Company, Inc. (NYSE:RGR) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Monday.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of Sturm, Ruger & Company, Inc. stock traded up $0.15 during trading on Monday, reaching $39.77. The company had a trading volume of 191,705 shares, compared to its average volume of 143,380. Sturm, Ruger & Company, Inc. has a fifty-two week low of $34.11 and a fifty-two week high of $48.20. The firm’s fifty day moving average is $35.66 and its 200-day moving average is $38.77. The company has a market cap of $666.54 million, a price-to-earnings ratio of 22.47 and a beta of 0.18.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The firm had revenue of $145.78 million for the quarter, compared to analysts’ expectations of $137.77 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. On average, research analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Institutional Trading of Sturm, Ruger & Company, Inc.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 71.7% in the 4th quarter. Wellington Management Group LLP now owns 411,918 shares of the company’s stock valued at $14,570,000 after buying an additional 172,055 shares during the period. Geode Capital Management LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 381,193 shares of the company’s stock valued at $13,487,000 after purchasing an additional 2,466 shares during the last quarter. Rule One Partners LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter worth approximately $9,142,000. Bank of New York Mellon Corp raised its position in shares of Sturm, Ruger & Company, Inc. by 12.6% during the 4th quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company’s stock worth $7,174,000 after purchasing an additional 22,736 shares during the period. Finally, Northern Trust Corp boosted its position in Sturm, Ruger & Company, Inc. by 14.0% during the 4th quarter. Northern Trust Corp now owns 184,831 shares of the company’s stock valued at $6,537,000 after purchasing an additional 22,670 shares during the period. 64.00% of the stock is owned by institutional investors and hedge funds.

Sturm, Ruger & Company, Inc. Company Profile

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.