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Sturm, Ruger & Co. Company & Project Summary & Forecasts

746 words - 3 pages

Sturm, Ruger, & Company is in the business of designing , manufacturing and selling of small arms in the United States (NAICS: 332994) There are approximately 400 U.S. manufactures in the small arms business. Ruger's closest publically traded rival is Smith & Wesson Holding Company. Other privately held competitors include, Remington Arms, Browning Arms Company, O.F. Mossberg & Sons, Marlin Firearms and Colt’s Manufacturing Company. Sturm, Ruger & Company produces pistols, revolvers, rifles, and shotguns. Sturm, Ruger & Company produces revolvers, pistols, rifles and shotguns.
The company was founded in Southport, Connecticut in 1949 by Alexander McCormick Sturm and William B. Ruger. In 1969 Sturm, Ruger & Company incorporated under the laws of the state of Delaware. It joined the New York Stock Exchange in 1990.
The Corporate offices are located in Southport, Connecticut with manufacturing facilities in Newport, New Hampshire, Prescott, Arizona and Mayodan, North Carolina, all of which are owned. The Mayodan, North Carolina facility was recently purchased and will begin operating in 2014. The company also leases a facility in Enfield, Connecticut. The new facility is expected to employ about 470 people. Ruger plans on investing $4.25 million to improve the facility and the company plans to spend about $21.5 million over the next five years on equipment and machinery. Mayodan and Rockingham County in which Mayodan is located has offered up to $14 million in incentives to Ruger. The Mayodan facility was purchased to help reduce the high levels of backlog. Sales for Sturm, Ruger & Company are up 79%.
Over the course of this project, Sturm, Ruger & Company’s stock is up. The stock tracking began on September 6, 2013 with the company’s stock price being recorded at $54.03. The final price was recorded on November 4, 2013 at $70.75. Ruger’s three biggest gains came on September 11, September 19, and November 1, with gains of $4.09, $3.44 and $3.96 respectively. The company’s biggest losses came on September 16, September 27, and October 25, with losses of $1.00, $1.02, and $4.97 respectively. September 11 is the anniversary of the terrorist attacks in 2001 and 2012. On...

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