Have gun stocks, will travel? The runup in weapon makers Sturm Ruger (RGR +13.1%) and Smith...

|By:, SA News Editor

Have gun stocks, will travel? The runup in weapon makers Sturm Ruger (RGR +13.1%) and Smith & Wesson (SWHC +12.8%) could just be getting started as the industry sees an ongoing boom in demand. In January, background checks for gun permits rose 17.3% Y/Y - marking the 20th consecutive month of increases. Recent Supreme Court decisions and the reappearance of guns in Wal-Mart have helped stoked sales numbers over the last year. RGR +43.1% YTD, SWHC +77.5%.