Forums / Gun Discussion / Sturm, Ruger hits new high on news of 1 million firearms in 1st-quarter orders.

2 years 39 weeks ago, 2:21 PM

samD

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Sturm, Ruger & Co. hit new high on 1st-qtr orders
Smith & Wesson also jumps

Associated Press – 39 minutes ago
Companies:Sturm, Ruger & Co. Inc.Smith & Wesson Holding CorporationRELATED

NEW YORK (AP) -- Shares of Sturm, Ruger & Co. and Smith & Wesson Holding Corp. soared Thursday, a day after Sturm Ruger said it received orders for more than a million firearms in the first quarter of this year.

THE SPARK: The Southport, Conn.-based company said it received so many orders that it was temporarily suspending acceptance of new ones.

It credited the jump to company programs in January and February with boosting retailer and distributor demand for Ruger firearms.

THE BIG PICTURE: Sturm, Ruger & Co. makes firearms for the commercial sporting market. Its products include rifles, revolvers and pistols.

The company said that despite attempts to increase production, the rate of incoming orders has exceeded its capacity to fill them on a timely basis. So it was forced to put new orders on hold. It expects to resume accepting orders by the end of May.

THE SHARES: Sturm Roger stock rose $5.63, or 13.3 percent, to close at $47.93. The stock peaked at an all-time high of $48.24 earlier in the day, topping the previous high of $46.68 set in February.

Since the beginning of this year, Sturm, Ruger & Co. shares have gained about 43 percent.

Shares of gun maker Smith & Wesson Holding Corp. rose 78 cents, or 11.3 percent, to close at $7.68, in heavy trading. Earlier, the stock jumped to $8, its highest price since December 2007.

2 years 39 weeks ago, 2:40 PM

Ishootdaily

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Ruger

needs to spread out a bit in the Tactical Arms field...

They also need to design a new semi auto pistol from scratch. The SR1911 is fantastic so I know they can do it as far as getting away from the P series. Actually they could do a licensed version of the CZ and probably stop EAA (Importer of the Tanfoglio) bead in it's tracks.

EAA has some really crappy service.

btw: stay away from their 22 conversion and if you plan on purchasing the CZ design along with a 22 conversion, buy a CZ, they work every time out of the box. Tanfoglio doesn't work worth squat. I know of no one who owns one who doesn't spend more time trying to get it to work without failing.

Four firends all shooting IPSC with me shooting the Witness in either 40 or 9, all have that conversion and not one works...

No sir, he fell into that bullet... Never argue with a stupid person. They'll just drag you down to their level and beat you with experience!!

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