Firearms' Rally Cools as Pressure to Tighten Gun Laws Increasing Research Driven Investing Provides Stock Research on Sturm, Ruger & Company and Smith & Wesson
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15.01.2013 16:11:22 -
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The recent rally in gun stocks have slowed in recent weeks as high profile incidents have raised pressure on the U.S. government to tighten restrictions on firearms ownership. Senator Dianne Feinstein has recently proposed new legislation to ban the sale of assault rifles, and firearms with "military characteristics."
Also, President Obama has recently stated that he will be reviewing a list of proposals, provided by Vice President Joseph Biden's Gun Violence Task Force, in hopes to reduce gun violence in the U.S. "Responsible gun owners, people who have a gun for protection, for hunting, for sportsmanship, they don't have anything to worry about," Obama said.
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Sturm, Ruger & Co. is one of the nation's leading manufacturers of high-quality firearms for the commercial sporting market, and a major producer of precision steel investment castings. The company reported a year-over-year increase of 62 percent in earnings for the third quarter, driven by a 47 percent growth in sales.
Smith & Wesson is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality firearms, related products, and training to the global military, law enforcement, and consumer markets. As of October 31, 2012, the company reported a firearm backlog of $332.7 million, an increase of 122 percent year-over-year.
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