Sturm, Ruger (NYSE: RGR) was on target in the second quarter, as it reported a 36% jump in firearms sales, enabling it to issue a special dividend to shareholders of $5 per share in addition to its regularly scheduled payout.
Yet the leading firearms manufacturer's stock is down almost 20% from recent highs despite 2020 looking like it will be the biggest year for gun sales in history. Let's take a look at whether the market has a bead on where Ruger is heading, or if its aim is way off.
Concern for personal safety is causing a spike in demand for guns. Image source: Getty Images.
Source Fool.com