In trading on Wednesday, shares of Sturm, Ruger & Co., Inc. (NYSE: RGR) crossed above their 200 day moving average of $50.03, changing hands as high as $50.63 per share. Sturm, Ruger & Co., Inc. shares are currently trading up about 2.2% on the day. The chart below shows the one year performance of RGR shares, versus its 200 day moving average: …read more
Source: FULL ARTICLE at Forbes Markets
By Business Wirevia The Motley Fool
Filed under: Investing
Sturm, Ruger & Company, Inc. Announces Internet Availability of Proxy Materials for 2013 Annual Meeting of Stockholders
SOUTHPORT, Conn.–(BUSINESS WIRE)– Sturm, Ruger & Company, Inc. (NYS: RGR) announces that proxy materials for its 2013 Annual Meeting of Stockholders are available on the Internet in accordance with the U.S. Securities and Exchange Commission (“SEC“) Notice and Access rule which allows companies to furnish their proxy materials through the Internet.
Sturm, Ruger is mailing to its stockholders of record as of March 11, 2013 a notice regarding the Internet availability of the proxy materials instead of a paper copy of its proxy statement and 2012 Annual Report on Form 10-K. This notice contains instructions regarding how to access the Company’s proxy materials through the Internet and how to vote electronically through the Internet or in person at the Annual Meeting. Sturm, Ruger believes that this process will reduce printing, postage and environmental costs for distributing paper copies of its proxy materials.
Sturm, Ruger’s proxy statement and 2012 Annual Report on Form 10-K have been filed with the SEC and may also be viewed at the Company’s website at www.ruger.com. Stockholders who wish to obtain paper copies of the Company’s proxy materials at no charge may do so by following the instructions provided in the notice being mailed to stockholders, or by writing to Leslie M. Gasper, Corporate Secretary, Sturm, Ruger & Company, Inc., Lacey Place, Southport, CT 06890.
All Company stockholders are cordially invited to attend Sturm, Ruger’s 2013 Annual Meeting of Stockholders on Tuesday, April 30, 2013 at 9:00 a.m. Mountain Standard Time at the Hassayampa Inn, 122 East Gurley Street, Prescott, AZ 86301.
Sturm, Ruger was founded in 1949 and is one of the nation’s leading manufacturers of high-quality firearms for the commercial sporting market. Sturm, Ruger is headquartered in Southport, CT, with manufacturing facilities located in Newport, NH and Prescott, AZ.
Sturm, Ruger & Co., Inc.
Arms Makers for Responsible Citizens®
Sturm, Ruger & Company, Inc.
One Lacey Place
Southport, CT 06890
www.ruger.com
203-259-7843
KEYWORDS: United States North America Arizona Connecticut
INDUSTRY KEYWORDS:
The article Sturm, Ruger & Company, Inc. Announces Internet Availability of Proxy Materials for 2013 Annual Meeting of Stockholders originally appeared on …read more
Source: FULL ARTICLE at DailyFinance
Filed under: Earnings, Consumer Goods
You have already seen the positive earnings report from Sturm, Ruger & Co. (NYSE: RGR) and positive comments from sporting goods stores about gun and ammo sales. Now we have Smith & Wesson Holding Corp. (NASDAQ: SWHC) shooting the lights out on its earnings report. If you want to know what the specter of gun control does, imagine a 38.8% sales gain year over year! That is what the gun-maker reported in its fiscal third quarter.
Net sales came to $136.2 million and net income from continued operations was $17.5 million or $0.26 in earnings per share. Thomson Reuters had estimates of $0.23 EPS and $133.7 million in sales.
The company also raised its guidance for fiscal 2013 net sales from continuing operations to a range of $575 million to $580 million. Thomson Reuters has estimates of $561.3 million in sales.
Demand is helping margins as well: Gross profit for the third quarter was 36.8% of net sales at $50.1 million compared with gross profit of 30.6% of net sales or $30.0 million a year earlier. At the end of the quarter, S&W had no borrowings under its credit facility and it ended the quarter with a cash balance of $62.0 million. It even spent some $20 million buying back shares of its common stock in the quarter.
We were not expecting that the numbers would have a profound market move in either direction. After all, the demand and shortages are very well known. That being said, Smith & Wesson shares were down about 0.6% at $10.22 today and the stock is down about 1% or so in the after-hours.
Our take is rather simple: imagine how much the gun industry could have made if they were actually able to even be close to meeting the demand out there right now.
Filed under: 24/7 Wall St. Wire, Consumer Goods, Consumer Product, Earnings Tagged: RGR, SWHC
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SACRAMENTO, California (Reuters) – The investment committee of Calpers, the biggest U.S. pension fund, voted on Tuesday to divest its holding in two manufacturers of guns and high-capacity ammunition clips banned in California. The move affects about $5 million in investments in Smith & Wesson Holding Corp and Sturm, Ruger & Co at the $254 billion California Public Employees' Retirement System, best known at Calpers. …
How Sturm, Ruger & Co. beats the competition and leads the field in U.S. firearms sales boom.
Source: FULL ARTICLE at Forbes Latest
