In a report released today, Mark Smith from Lake Street maintained a Buy rating on Sturm Ruger & Company (RGR – Research Report), with a price target of $54.00. The company’s shares closed yesterday at $46.33.
According to TipRanks, Smith is a 5-star analyst with an average return of 17.4% and a 49.48% success rate. Smith covers the Consumer Cyclical sector, focusing on stocks such as Clarus, Vista Outdoor, and The ONE Group Hospitality.
Currently, the analyst consensus on Sturm Ruger & Company is a Moderate Buy with an average price target of $54.00.
Based on Sturm Ruger & Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $130.62 million and a net profit of $10.25 million. In comparison, last year the company earned a revenue of $139.39 million and had a net profit of $18.39 million
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RGR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sturm Ruger & Company (RGR) Company Description:
Sturm, Ruger & Co., Inc. engages in the design, manufacture, and sale of firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment manufactures and sells rifles, pistols, and revolvers principally to a number of federally-licensed, independent wholesale distributors primarily located in the United States. The Castings segment manufactures and sells steel investment castings and metal injection molding parts. The company was founded by William B. Ruger in 1949 and is headquartered in Southport, CT.
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