Sturm Ruger & Company (RGR) was Downgraded by BB&T Capital Mkts to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. BB&T Capital Mkts advised their investors in a research report released on Jun 6, 2016.
On the company’s financial health, Sturm Ruger & Company reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.96. The company had revenue of $173.10 million for the quarter, compared to analysts expectations of $147.42 million. The company’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.
Sturm Ruger & Company closed down -3.26 points or -4.83% at $64.28 with 4,26,580 shares getting traded on Friday. Post opening the session at $67.54, the shares hit an intraday low of $64.02 and an intraday high of $67.6133 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Feb 29, 2016, Kevin B. Sr Reid (VP & General Counsel) sold 6,000 shares at $68.79 per share price. According to the SEC, on Jan 7, 2016, Steven M Maynard (VP of Lean Business Dev.) sold 2,635 shares at $65.52 per share price. On Dec 15, 2015, Mark Lang (Group Vice President) sold 4,000 shares at $60.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Sturm Ruger & Company Inc. is engaged in the design manufacture and sale of firearms to domestic customers. The Company has two reportable segments: firearms and castings. The firearms segment manufactures and sells rifles pistols revolvers and shotguns 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 (MIM) parts. The Company offers products in four industry product categories rifles pistols shotguns and revolvers. The Companys firearms are sold through independent wholesale distributors principally to the commercial sporting market.