Shares of Sturm Ruger & Co. (NYSE:RGR) shot up 1.7% during trading on Monday . The company traded as high as $68.50 and last traded at $68.15, with a volume of 86,289 shares traded. The stock had previously closed at $67.02.

A number of brokerages have commented on RGR. Zacks Investment Research cut Sturm Ruger & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. BB&T Corp. cut 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. Sturm Ruger & Co. presently has a consensus rating of “Hold” and a consensus price target of $66.67.

The stock’s 50-day moving average is $63.39 and its 200 day moving average is $65.12. The company has a market capitalization of $1.30 billion and a price-to-earnings ratio of 19.04.

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

A number of hedge funds have added to or reduced their stakes in RGR. KBC Group NV raised its stake in Sturm Ruger & Co. by 0.8% in the fourth quarter. KBC Group NV now owns 20,195 shares of the company’s stock valued at $1,204,000 after buying an additional 152 shares in the last quarter. Freestone Capital Holdings LLC raised its stake in 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 in the last quarter. Principal Financial Group Inc. raised its stake in 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 in the last quarter. GSA Capital Partners LLP raised its stake in 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 in the last quarter. Finally, Rhumbline Advisers raised its stake in 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 in 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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