Sturm Ruger & Co. (NYSE:RGR) shares dropped 3.1% 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.

Several research analysts recently commented on RGR shares. BB&T Corp. downgraded shares of Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a report on Monday, June 6th. Zacks Investment Research downgraded shares of Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $66.67.

The company has a 50-day moving average of $63.19 and a 200-day moving average of $64.82. The firm has a market capitalization of $1.28 billion and a P/E ratio of 18.651.

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

A number of hedge funds and institutional investors have recently modified their holdings of the company. Freestone Capital Holdings LLC boosted its position 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 valued at $1,051,000 after buying an additional 1,019 shares during the period. Principal Financial Group Inc. boosted its position 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 valued at $7,354,000 after buying an additional 5,418 shares during the period. GSA Capital Partners LLP boosted its position 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 valued at $2,277,000 after buying an additional 1,900 shares during the period. Finally, Rhumbline Advisers boosted its position 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 valued at $1,838,000 after buying an additional 1,310 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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