Ruger Reports Big Gains in Sales and Earnings for 2013
Ah, the power of hindsight. I guess we all wish we’d snapped up some shares of Sturm, Ruger & Co. (NYSE:RGR) a few years back. While Ruger’s stock price has come down from its high of 85.93 in mid-January 2014, Ruger stock has still risen more than 400% over the past three years (since January 2011).
Why has Ruger stock risen so far, so fast? Just look at the numbers. Ruger is selling all the guns the company can build. The latest sales figures are remarkable. Ruger just announced that 2013 sales were up 40 percent over 2012. Earnings increased 55 percent for 2013 compared to 2012.
The company said new product introductions were a significant component of sales growth, representing 29 percent of firearm sales in 2013. New product introductions during the year included the LC380 pistol, SR45 pistol, Ruger American Rimfire rifle (below), SR-762 rifle, and Red Label II shotgun. Ruger also noted that in the fourth quarter it began to manufacture a limited quantity of rifles at its recently acquired 220,000 square foot facility in Mayodan, North Carolina. Firearm production at the Mayodan facility is expected to increase during 2014.
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Tags: American Rimfire, Ruger, Stock, Stock Market
I have been a stock holder for quite a few years and enjoyed some pretty nice dividends. They did just cut it recently by a little bit. One of the interesting things about owning the stock is that one is a member of a fairly small “club”. There aren’t that many people/entities that own the shares. And, I am under the impression that those that own them hold on to them.
SWHC Smith & Wesson Holding Corporation up nicely today on better then expected EPS as well.
$13.00 +1.20 ▲ 10.17%
Read the other side of the story too: http://seekingalpha.com/article/2068743-dodging-a-bullet-from-sturm-ruger?isDirectRoadblock=false&source=email_rt_article_readmore&uprof=
SWHC was 2.30 in 2011, 13.74 now. RGR was 16.00, now 60.00. The big boy is the ATK Sporting Group symbol ATK, they own Federal Premium, CCI, Fusion, Speer Ammo, Speer Bullets, Estate Cartridge and Blazer. Bushnell, BLACKHAWK!, Eagle, Alliant Powder, RCBS, Champion Target, Final Approach, Gunslick Pro, Primos, Bollé, Outers, Hoppe’s, Uncle Mike’s, Butler Creek and Weaver Optics.ATK stock was 50.00 in 2011, 137.00 now. That’s it for publicity traded, these three.
Art, the article certainly makes valid points but the individual investor has the advantage over the pros of being able to hold on a long time. Nobody is asking me “what did you do for me this quarter” like the fund managers. I’ve owned the shares since the early 80’s and enjoyed some splits and nice dividends. Of course that is just one perspective.
Tom Alves