5 Best American Defense Stocks To Buy According to Analysts

4. Sturm, Ruger & Company, Inc. (NYSE:RGR)

Average Analyst Share Price Target Upside: 42.10%

Average Analyst Share Price Target: $62.00

Sturm, Ruger & Company, Inc. (NYSE:RGR) is a gun company that sells rifles, pistols, revolvers, and associated accessories. As it celebrates its 75th anniversary, the firm is facing a bit of legal troubles as a lawsuit recently allowed to proceed by a court alleges it of being involved in gun trafficking.

After digging through 910 hedge funds for their September quarter of 2023 shareholdings, Insider Monkey found that 11 had invested in Sturm, Ruger & Company, Inc. (NYSE:RGR). Jim Simons’ Renaissance Technologies owned the largest stake that was worth $49.4 million.

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