5 Best Gun Stocks to Buy In 2022

4. Vista Outdoor Inc. (NYSE:VSTO)

Number of Hedge Fund Holders: 25

Vista Outdoor Inc. (NYSE:VSTO) is an American sporting goods company that manufactures and sells hunting and shooting accessories alongside ammunition products for rifles and pistols. The firm is headquartered in Anoka, Minnesota.

Vista Outdoor Inc. (NYSE:VSTO)’s fiscal 2022 results saw the company post $3 billion in revenue and $646 million in operating profit, with the company guiding for more growth through a forecasted revenue of $3.2 billion for its current fiscal year. The firm followed this up with strong earnings for the first fiscal quarter of 2023 as well, with its $803 million in revenue growing by 21% and earnings per share rising to $2.31.

B. Riley set a $51 share price target for Vista Outdoor Inc. (NYSE:VSTO) in September 2022, as it stated that the firm’s ammunition demand will stay strong. Out of the 895 hedge funds polled by Insider Monkey for their second quarter of 2022 holdings, 25 had invested in Vista Outdoor Inc. (NYSE:VSTO).

Out of these, Jeffrey Gates’ Gates Capital Management is Vista Outdoor Inc. (NYSE:VSTO)’s largest investor. It owns 5.5 million shares that are worth $155 million.