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3 Gun Makers Firing on All Cylinders

Spending on guns continues to rise, lifting up these manufacturers

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Sturm, Ruger

sturmruger185Investors can also consider $1.43 billion gun manufacturer Sturm, Ruger (RGR) which recently purchased a 220,000-square-foot manufacturing facility in North Carolina. That highlights the company’s confidence that demand will remain strong. Production begins the first quarter of 2014, and Sturm plans to invest more than $26 million in the plant by the end of 2017.

Sturm, Ruger also reported market-beating third-quarter results mainly due to healthy demand for new firearms. Two of Sturm’s pistols and its American Rimfire rifle accounted for 32% of all firearm sales in the past nine months. Shares finished 2013 up 56%.

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