Sturm, Ruger & Company, Inc. (NYSE:RGR) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Sturm, Ruger & Company, Inc. (NYSE:RGR)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.59 and traded as high as $38.47. Sturm, Ruger & Company, Inc. shares last traded at $38.0240, with a volume of 207,696 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Sturm, Ruger & Company, Inc. in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Sturm, Ruger & Company, Inc. Trading Up 0.5%

The stock’s fifty day moving average is $34.56 and its two-hundred day moving average is $36.59. The company has a market capitalization of $606.10 million, a PE ratio of 292.49 and a beta of 0.20.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.26). The company had revenue of $126.77 million for the quarter, compared to analysts’ expectations of $124.22 million. Sturm, Ruger & Company, Inc. had a return on equity of 8.76% and a net margin of 0.48%.The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. As a group, analysts anticipate that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

Institutional investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new stake in Sturm, Ruger & Company, Inc. in the fourth quarter worth $29,000. Parallel Advisors LLC increased its holdings in Sturm, Ruger & Company, Inc. by 176.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,128 shares of the company’s stock worth $49,000 after acquiring an additional 720 shares during the last quarter. GAMMA Investing LLC raised its stake in Sturm, Ruger & Company, Inc. by 158.2% in the 4th quarter. GAMMA Investing LLC now owns 1,216 shares of the company’s stock valued at $40,000 after acquiring an additional 745 shares during the period. Cornerstone Planning Group LLC raised its stake in Sturm, Ruger & Company, Inc. by 2,075.8% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,436 shares of the company’s stock valued at $62,000 after acquiring an additional 1,370 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Sturm, Ruger & Company, Inc. by 259.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,568 shares of the company’s stock valued at $56,000 after purchasing an additional 1,132 shares during the last quarter. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Company Profile

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.