Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.59 and traded as high as $38.47. Sturm, Ruger & Company, Inc. shares last traded at $38.0240, with a volume of 207,696 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Sturm, Ruger & Company, Inc. Stock Performance

The firm’s 50 day simple moving average is $34.56 and its 200 day simple moving average is $36.59. The firm has a market capitalization of $606.10 million, a price-to-earnings ratio of 292.49 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). Sturm, Ruger & Company, Inc. had a return on equity of 8.76% and a net margin of 0.48%.The business had revenue of $126.77 million during the quarter, compared to analyst estimates of $124.22 million. During the same quarter in the previous year, the company earned $0.28 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 239.4% in the 1st quarter. AQR Capital Management LLC now owns 100,834 shares of the company’s stock valued at $3,962,000 after buying an additional 71,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sturm, Ruger & Company, Inc. by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,777 shares of the company’s stock valued at $384,000 after acquiring an additional 390 shares during the period. State of Alaska Department of Revenue boosted its position in Sturm, Ruger & Company, Inc. by 5.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,857 shares of the company’s stock worth $353,000 after purchasing an additional 553 shares in the last quarter. IFP Advisors Inc boosted its position in Sturm, Ruger & Company, Inc. by 28.8% in the 2nd quarter. IFP Advisors Inc now owns 1,799 shares of the company’s stock worth $65,000 after purchasing an additional 402 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Sturm, Ruger & Company, Inc. by 56.8% during the 2nd quarter. CWM LLC now owns 7,075 shares of the company’s stock worth $254,000 after purchasing an additional 2,562 shares during the period. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Company Profile

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.