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Firearms

6:10 a.m. April 8, 2021 - By Tomi Kilgore
Gun maker Sturm Ruger's stock heads toward 6-day win streak, Smith & Wesson shares fallShares of gun maker Sturm Ruger & Co. rose 1.4% in morning trading Thursday, putting them on track for a sixth straight gain, as President Joe Biden is expected to unveil a number of executive actions as he looks to address gun violence. The stock has climbed 7.2% during its win streak, which would be the longest since the six-day win streak ended Oct. 23, 2019. Meanwhile, shares of fellow gun maker Smith & Wesson Brands Inc. fell 0.9% Thursday, after gaining in five of the previous six sessions. Industry experts have said the regulatory environment is often the biggest driver of demand for guns, and a catalyst for gun maker stocks. Biden is expected to announce tighter regulations requiring buyers of homemade firearms -- "ghost guns" -- to undergo background checks, and is expected to name former federal agent and adviser to a gun control group to be the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), . Elsewhere, ammunition and shooting accessories maker Vista Outdoor Inc.'s stock were little changed on Thursday. Over the past three months, shares of Sturm Ruger have lost 1.7%, Smith & Wesson have shed 5.5% and Vista Outdoor have rallied 15.9%, while the S&P 500 has tacked on 6.9%.
8:51 a.m. April 7, 2021 - By Victor Reklaitis
Biden to announce executive actions on guns on Thursday: reportPresident Joe Biden is expected to roll out a package of executive actions on Thursday aimed at curbing gun violence, according to a citing unnamed sources. The actions will include directing his administration to start the process of requiring background checks for buyers of "ghost guns," which are homemade firearms without serial numbers, the report said. Gun stocks jumped following the report but have since given up that gain, leaving Sturm, Ruger & Co. shares down 0.9% in recent trading, while Smith & Wesson Brands Inc. shares were up 0.8%.
2:21 p.m. Feb. 17, 2021 - By Claudia Assis
Firearms maker Sturm Ruger has best year since 2016 Sturm Ruger & Co. had its best sales year since 2016 as a "historic surge" in firearms demand held throughout 2020. Shares of the firearm maker rose nearly 3% in the extended session Wednesday. Sturm Ruger said it earned $31.7 million, or $1.78 a share, in the fourth quarter, compared with 46 cents a share in the year-ago period. Sales rose to $169.3 million, from $105.1 million a year ago, and were the company's highest quarterly sales since the first quarter of 2017. Sales for the year reached $568.9 million, the highest yearly sales since 2016. "Our tremendous sales growth and profitability in 2020 was driven by the historic surge in consumer demand that began late in the first quarter and continued throughout the year," Chief Executive Christopher J. Killoy said in a statement. Shares of Sturm Ruger ended the regular trading day down 1.1%.
8:39 a.m. Dec. 22, 2020 - By Tomi Kilgore
Vista Outdoor's stock shoots up toward a near 4-year high after Cowen analyst said it's time to buyShare of Vista Outdoor Inc. shot up 24.6% in midday trading Tuesday, putting them on track for the highest close since February 2017, after Cowen analyst Gautam Khanna turned bullish on the ammunition and shooting sports accessories maker, saying the current ammo demand upcycle is likely to last. Khanna raised his rating to outperform, after being at market perform for at least the last three years, and raised his price target to $33 from $29. Among the reasons Khanna believes ammo demand will continue, he believes President-elect Joe Biden's stricter gun control ambitions than current President Donald Trump's will provide an ammo/firearm "demand stimulant." Also, the recent ammo demand surge reflects and "an influx of new shooters," rather than just stockpiling by longstanding shooters, and the "cultural 'Armageddon' mentality may linger" given the recent surge in COVID-19 cases and civil unrest fears. The upbeat assessment of ammo demand was giving the shares of firearms makers a boost amid broader stock market weakness, with Smith & Wesson Brands Inc. rallying 2.5% and Sturm Ruger & Co. climbing 2.8%, while the S&P 500 fell 0.2%.
10:09 a.m. Nov. 4, 2020 - By Tomi Kilgore
Gun stocks tumble, as election uncertainties sparked worries of reduced demandShares of gun makers tumbled Wednesday, as a failed Democratic election sweep assuaged concerns over potential tighter regulations, which could have sparked further demand for firearms. Smith & Wesson Brands Inc.'s stock plunged 1.7% and Sturm, Ruger & Co.'s stock dropped 10.5%. Shares of ammunition and shooting sports accessories maker Vista Outdoor Inc. was knocked down 4.6%. The selloff bucked the surge in the broader stock market, in which the Dow Jones Industrial Average jumped 643 points, or 2.3%, and the S&P 500 hiked up 3.0%. , amid growing expectations that Former Vice President Joe Biden would be elected president and Democrats would take over a majority of the Senate. Analysts say that concerns over tighter gun regulation tends to be the primary driver of demand for firearms. Meanwhile, gun stocks had been soaring since March, as worries about social unrest stemming from the COVID-19 pandemic and calls to defund the police also fueled demand.
9:37 a.m. Sept. 11, 2020 - By Tomi Kilgore
Vista Outdoor's stock shoots up after B. Riley FBR analyst turns bullish, lifts target to imply a 55% upsideShares of Vista Outdoor Inc. ran up 6.6% in afternoon trading, after B. Riley FBR analyst Eric Wold turned bullish on the ammunition and outdoor gear maker, citing increased confidence that strengthened demand will last beyond the initial stages of the post-COVID-19 stay-at-home trend. Wold raised his rating to back to buy, after downgrading it to neutral on July 8. He raised his stock price target to $30, which is 55% above current levels, from $23. "At this point, we are increasingly confident that the spiking demand seen with both outdoor products and shooting sports/ammunition during the recent COVID-19 shutdowns, 'stay-at-home' environment, and civil unrest movements could prove more than fleeting and potentially create a new demand base heading into next year," Wold wrote in a note to clients. " Due to the combination of elevated firearms demand and the number of first-time gun buyers coming into the industry, our channel checks and management conversations indicate that ammo inventory out in the dealer channel remains extremely tight." The stock has rocketed 159.5% year to date, while the S&P 500 has edged up 2.7%.
3:02 a.m. Sept. 8, 2020 - Associated Press
What Biden, Trump, Barr get wrong about the coronavirus, protests, light bulbs, and voting both by mail and in person Associated Press engages in fact checksIn a week filled with fabrication, half-truths and misrepresentation, he also wrongly took full credit for veterans improvements that were underway before he took office.
11:50 a.m. Sept. 2, 2020 - Associated Press
What Trump got wrong about what happened in Kenosha, Wis. An Associated Press fact checkPresident Donald Trump is not waiting for a trial to sort out what happened on the streets of Kenosha, Wis.
9:07 a.m. Sept. 1, 2020 - Associated Press
Trump’s pattern of misleading claims about National Guard deployments Trump regularly omits the fact that he is largely a bystander in National Guard deploymentsIt’s become a pattern when unrest flares in a city: President Donald Trump suggests he has National Guard troops ready to send to the scene and takes credit for dispatching them and restoring calm while he accuses Democrats of being squishy on law and order.
12:32 a.m. Sept. 1, 2020 - By Davide Mamone
‘Their first instinct was to face the crisis by buying a gun’: Charlotte deals with life after the GOP Convention amid COVID-19 — and braces for November’s election ‘I am a raging pro-choice, pro-gay marriage, pro-everything social liberal, as far left you can get in this country. But I am also a proud pro-Second Amendment supporter,’ says Jonathan Lee, 46, an Uber driver ‘I am a raging pro-choice, pro-gay marriage, pro-everything social liberal, as far left you can get in this country. But I am also a proud pro-Second Amendment supporter,’ says Jonathan Lee, 46, an Uber driver.
6:04 p.m. Aug. 26, 2020 - Associated Press
17-year-old suspect arrested in deadly shootings at Kenosha, Wis., protest Officer who shot Jacob Blake identified; governor sends in more National Guard troopsSuspect arrested in Antioch, Ill., some 15 miles from Wisconsin city roiled by police shooting of Jacob Blake.
12:20 p.m. July 22, 2020 - Associated Press
Trump and Barr expand ‘surge’ of federal forces to Chicago and Albuquerque In addition to Portland, Ore., hundreds of federal agents already have been deployed to Kansas City, Mo.In addition to Portland, Ore., hundreds of federal agents already have been deployed to Kansas City, Mo.
2:41 p.m. July 3, 2020 - Associated Press
Michigan couple face criminal charges after wife points gun at fellow customer in Chipotle parking lot The couple, who are white, engaged with a Black woman and her daughters in the altercationA white couple face criminal charges after one of them was captured on video pulling a handgun on a Black woman and her daughters in a restaurant parking lot in Michigan.
9:38 a.m. July 1, 2020 - Associated Press
City swiftly dismantles Seattle’s ‘autonomous’ protest zoneSeattle police turned out in force early Wednesday at the city’s “occupied” protest zone, tore down demonstrators’ encampments and used bicycles to herd the protesters after the mayor ordered the area cleared following two fatal shootings in less than two weeks.
6:30 a.m. June 15, 2020 - Associated Press
Supreme Court refuses to take up challenges to gun-control lawsGun-rights advocates had hoped the court would expand the constitutional right to “keep and bear arms” beyond the home.
4:21 p.m. June 5, 2020 - Associated Press
Indiana police chief defends rights of armed citizens monitoring peaceful local rally against racism and brutal policing ‘They have a right to do that’“There were individuals — not related to a police department, just private citizens— that had their personally owned rifles displayed,” the local police chief said during a virtual city forum. “They have a right to do that.”
3:43 a.m. June 3, 2020 - By Tomi Kilgore
Gun stocks rally as continued surge in background checks, street violence stoke demand Sturm, Ruger shares soar to highest level since before Trump was elected; Smith & Wesson’s stock powers toward 19-month highShares of gun and ammo makers surged again Tuesday, as data showing a continued surge in firearm background checks and reports of another night of street violence helped fuel investor demand.
3:15 a.m. June 2, 2020 - By Tomi Kilgore
Digital Ally, Cemtrex and gun stocks power higher as social unrest fuels investor interest The 3 most active Nasdaq stocks were of companies that make body camera or video transmission products used by law enforcement Shares of Digital Ally Inc. and Cemtrex Inc. powered to near one-year highs on heavy volume Monday, as the nationwide protests against police killings fueled investor interest in the security products makers.
6:45 p.m. May 17, 2020 - Associated Press
Criminal investigation launched into explosion at Los Angeles hash oil manufacturer 12 firefighters injured in fiery blast; all expected to survivePolice and fire investigators launched a criminal probe Sunday into the cause of an explosion at a hash oil manufacturer in downtown Los Angeles that sent firefighters running for their lives.
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