5 Best Gun Stocks to Buy Now

In this article, we discuss the 5 best gun stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Gun Stocks to Buy Now.

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

Number of Hedge Fund Holders: 19

Sturm, Ruger & Company, Inc. (NYSE: RGR) is a firearm manufacturer based in Connecticut that ranks 5th on the list of 10 best gun stocks to buy now. The company sells rifles, pistols, revolvers, and other firearm accessories. Sturm, Ruger & Company, Inc. (NYSE: RGR) also exports firearms to government agencies abroad.

On August 4, Sturm, Ruger & Company, Inc. (NYSE: RGR) increased its quarterly dividend by 16.3% to $1 per share. The stock offers a 5.23% dividend yield. The stock has gained 5% in the past month. 

In May, Lake Street analyst Mark Smith maintained a Buy rating on Sturm, Ruger & Company, Inc. (NYSE: RGR) and increased its price target to $100 per share from the previous $94. Shares of Sturm, Ruger & Company, Inc. (NYSE: RGR) increased 22%, year to date.

The company has a market cap of $1.39 billion. In the second quarter of 2021, Sturm, Ruger & Company, Inc. (NYSE: RGR) reported an EPS of $2.50, beating estimates by $0.77. In the second quarter, the company’s revenue grew 54% year over year to $200.1 million and beat revenue estimates by $24.2 million. 

At the end of the second quarter of 2021, 19 hedge funds in the database of Insider Monkey held stakes worth $168 million in Sturm, Ruger & Company, Inc. (NYSE: RGR), down from 21 in the previous quarter worth $135 million.