Shares of Sturm Ruger & Co. (NYSE:RGR) dropped 3.1% during mid-day trading on Tuesday . The company traded as low as $66.61 and last traded at $67.58, with a volume of 224,075 shares trading hands. The stock had previously closed at $69.71.

RGR has been the subject of a number of recent analyst reports. BB&T Corp. cut Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a research report on Monday, June 6th. Zacks Investment Research cut Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $66.67.

The stock’s 50 day moving average price is $63.11 and its 200-day moving average price is $64.78. The firm has a market capitalization of $1.28 billion and a P/E ratio of 18.71.

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

A number of hedge funds have recently modified their holdings of RGR. Principal Financial Group Inc. raised 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 last quarter. GSA Capital Partners LLP raised 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 last quarter. Rhumbline Advisers raised 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 last quarter. Finally, Freestone Capital Holdings LLC raised 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 last quarter.

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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