BB&T Capital Downgrades Sturm Ruger & Company to Hold

Brokerage firm BB&T Capital Downgrades its rating on Sturm Ruger & Company(NYSE:RGR). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by BB&T Capital was issued on Jun 6, 2016.

Sturm Ruger & Company (RGR) shares turned negative on Fridays trading session with the shares closing down -2.09 points or -3.51% at a volume of 3,32,454. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $59.47. The peak price level was also seen at $59.47 while the days lowest was $57.25. Finally the shares closed at $57.41. The 52-week high of the shares is $78.09 while the 52-week low is $48.1. According to the latest information available, the market cap of the company is $1,089 M.

Sturm Ruger & Company(RGR) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $173.11M. Analysts had an estimated revenue of $147.40M. Earnings per share were $1.21. Analysts had estimated an EPS of $0.96.

Several Insider Transactions has been reported to the SEC. On Feb 29, 2016, Kevin B. Sr Reid (VP & General Counsel) sold 6,000 shares at $68.79 per share price.Also, 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 Company’s firearms are sold through independent wholesale distributors principally to the commercial sporting market.

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