Sturm Ruger & Co. (NYSE:RGR) shot up 4.9% during trading on Friday . The stock traded as high as $68.37 and last traded at $67.65, with a volume of 682,355 shares. The stock had previously closed at $64.52.

Several brokerages have commented on RGR. Zacks Investment Research cut shares of Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. BB&T Corp. cut shares of Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a research report on Monday, June 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $66.67.

The company has a market cap of $1.28 billion and a PE ratio of 18.76. The firm has a 50-day moving average price of $62.92 and a 200 day moving average price of $64.59.

Sturm Ruger & Co. (NYSE:RGR) last announced its quarterly earnings results on Monday, May 2nd. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.25. During the same quarter last year, the company earned $0.81 earnings per share. The company earned $173.10 million during the quarter, compared to the consensus estimate of $147.40 million. The business’s revenue was up 26.4% on a year-over-year basis. Equities analysts expect that Sturm Ruger & Co. will post $3.78 earnings per share for the current fiscal year.

Other hedge funds recently made changes to their positions in the company. Freestone Capital Holdings LLC boosted its stake in shares of Sturm Ruger & Co. by 6.1% in the fourth quarter. Freestone Capital Holdings LLC now owns 17,625 shares of the company’s stock worth $1,051,000 after buying an additional 1,019 shares during the period. Rhumbline Advisers boosted its stake in shares of Sturm Ruger & Co. by 4.4% in the fourth quarter. Rhumbline Advisers now owns 30,840 shares of the company’s stock worth $1,838,000 after buying an additional 1,310 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Sturm Ruger & Co. by 5.2% in the fourth quarter. GSA Capital Partners LLP now owns 38,200 shares of the company’s stock worth $2,277,000 after buying an additional 1,900 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Sturm Ruger & Co. by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 123,374 shares of the company’s stock worth $7,354,000 after buying an additional 5,418 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Sturm Ruger & Co. by 10.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 558,502 shares of the company’s stock worth $33,292,000 after buying an additional 51,321 shares during the period.

Sturm, Ruger & Company, Inc and subsidiary, is engaged in the design, manufacture and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols and revolvers to a range of federally licensed, independent wholesale distributors located in the United States.

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