Exclusive: It Seems Sturm Ruger & Company Inc Will Go Down. Have Another Big Decline

Exclusive: It Seems Sturm Ruger & Company Inc Will Go Down. Have Another Big Decline

The stock of Sturm Ruger & Company Inc (NYSE:RGR) is a huge mover today! About 1.45M shares traded hands or 532.28% up from the average. Sturm Ruger & Company Inc (NYSE:RGR) has declined 16.65% since April 8, 2016 and is downtrending. It has underperformed by 22.30% the S&P500.
The move comes after 5 months negative chart setup for the $789.69M company. It was reported on Nov, 10 by Barchart.com. We have $46.22 PT which if reached, will make NYSE:RGR worth $39.48M less.

Sturm Ruger & Company Inc (NYSE:RGR) Ratings Coverage

Out of 2 analysts covering Sturm Ruger (NYSE:RGR), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Sturm Ruger has been the topic of 4 analyst reports since July 24, 2015 according to StockzIntelligence Inc. BB&T Capital initiated the stock with “Buy” rating in Friday, July 24 report. The firm has “Sell” rating given on Tuesday, August 4 by KeyBanc Capital Markets. The firm has “Buy” rating by Dougherty & Company given on Thursday, February 25. As per Monday, June 6, the company rating was downgraded by BB&T Capital.

According to Zacks Investment Research, “Sturm Ruger & Co. is principally engaged in the design, manufacture, and sale of firearms and precision metal investment castings. The company is the only U.S. firearms manufacturer which offers products in all four industry categories. The company’s firearms consist of single-shot, autoloading, bolt-action, lever action, and muzzleloading rifles in a range of hunting calibers; shotguns in three gauges; .22 caliber rimfire autoloading pistols and centerfire autoloading pistols in various calibers; single and double-action, and muzzleloading revolvers.”

Insitutional Activity: The institutional sentiment decreased to 0.88 in Q2 2016. Its down 1.26, from 2.14 in 2016Q1. The ratio dropped, as 31 funds sold all Sturm Ruger & Company Inc shares owned while 61 reduced positions. 23 funds bought stakes while 58 increased positions. They now own 12.81 million shares or 1.35% less from 12.98 million shares in 2016Q1.
Renaissance Ltd last reported 370,400 shares in the company. Moreover, Strategic Invest Mngmt Limited Liability Corp has 0.16% invested in Sturm Ruger & Company Inc (NYSE:RGR) for 4,657 shares. Gotham Asset Mgmt Ltd Com owns 29,039 shares or 0.02% of their US portfolio. Metropolitan Life Ny owns 12,725 shares or 0.01% of their US portfolio. Moreover, Quantbot Lp has 0.01% invested in Sturm Ruger & Company Inc (NYSE:RGR) for 1,795 shares. Ironwood Fin last reported 90 shares in the company. Schwab Charles Inv Mngmt Inc has 0.01% invested in the company for 89,090 shares. Moreover, Integral Derivatives Limited Company has 0.01% invested in Sturm Ruger & Company Inc (NYSE:RGR) for 4,640 shares. The Quebec – Canada-based Sector Pension Investment Board has invested 0.01% in Sturm Ruger & Company Inc (NYSE:RGR). Hancock last reported 13,300 shares in the company. Canada Pension Plan Investment Board accumulated 131,200 shares or 0.03% of the stock. Smithfield Tru Co owns 10,253 shares or 0.12% of their US portfolio. Susquehanna Llp last reported 0.01% of its portfolio in the stock. Gemmer Asset Ltd Liability has 94 shares for 0% of their US portfolio. Blackrock Japan Ltd owns 384 shares or 0% of their US portfolio.

Insider Transactions: Since October 7, 2016, the stock had 0 insider purchases, and 3 sales for $866,909 net activity. $264,359 worth of Sturm Ruger & Company Inc (NYSE:RGR) was sold by WIDMAN PHILLIP on Monday, November 7. 5,000 shares with value of $324,700 were sold by Sullivan Thomas Patrick on Monday, November 7.

More notable recent Sturm Ruger & Company Inc (NYSE:RGR) news were published by: Businesswire.com which released: “Sturm, Ruger & Company, Inc. Reports Third Quarter Diluted Earnings of $1.03 …” on November 01, 2016, also Streetinsider.com with their article: “Form 4 STURM RUGER & CO INC For: Nov 07 Filed by: WIDMAN PHILLIP” published on November 08, 2016, Businesswire.com published: “Sturm, Ruger & Company, Inc. Reports Second Quarter Diluted Earnings of $1.22 …” on August 02, 2016. More interesting news about Sturm Ruger & Company Inc (NYSE:RGR) were released by: Businesswire.com and their article: “Sturm, Ruger & Company, Inc. to Report Third Quarter Results and File …” published on October 31, 2016 as well as Businesswire.com‘s news article titled: “Sturm, Ruger & Company, Inc. Appoints Sandra S. Froman to Its Board of Directors” with publication date: December 01, 2015.

RGR Company Profile

Sturm, Ruger & Company, Inc., incorporated on February 26, 1969, and subsidiary, is engaged in the design, manufacture and sale of firearms to domestic customers. The Firm operates through two divisions: firearms and castings. The firearms segment makes and sells rifles, pistols and revolvers to a range of federally licensed, independent wholesale distributors located in the United States. The castings segment makes and sells steel investment castings, and metal injection molding parts. The Company’s castings segment provides castings and MIM parts for the Company’s firearms segment. In addition, the castings segment produces some products for various clients in a range of industries.

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