Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Gap Up – Still a Buy?

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $37.95, but opened at $39.30. Sturm, Ruger & Company, Inc. shares last traded at $37.51, with a volume of 40,791 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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.com, Sturm, Ruger & Company, Inc. presently has an average rating of “Sell”.

Sturm, Ruger & Company, Inc. Stock Performance

The firm has a market cap of $590.74 million, a PE ratio of 285.08 and a beta of 0.19. The stock has a 50-day simple moving average of $36.49 and a two-hundred day simple moving average of $37.03.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its quarterly earnings results on Monday, March 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Sturm, Ruger & Company, Inc. had a net margin of 0.48% and a return on equity of 8.76%. The firm had revenue of $151.10 million for the quarter, compared to the consensus estimate of $139.24 million. During the same quarter in the prior year, the firm earned $0.62 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in Sturm, Ruger & Company, Inc. by 10.5% during the fourth quarter. Pacer Advisors Inc. now owns 50,932 shares of the company’s stock valued at $1,663,000 after purchasing an additional 4,841 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Sturm, Ruger & Company, Inc. by 0.8% during the 4th quarter. Wellington Management Group LLP now owns 496,315 shares of the company’s stock valued at $16,205,000 after buying an additional 3,886 shares in the last quarter. Millennium Management LLC bought a new position in shares of Sturm, Ruger & Company, Inc. in the 4th quarter valued at about $9,486,000. Balyasny Asset Management L.P. lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 310.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 53,010 shares of the company’s stock valued at $1,731,000 after acquiring an additional 40,099 shares during the last quarter. Finally, Sandia Investment Management LP bought a new stake in Sturm, Ruger & Company, Inc. during the fourth quarter worth approximately $865,000. 64.00% of the stock is currently owned by institutional investors.

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.