Background checks on all firearms sales increased by 60%. By 2020, the total number of background checks will reach 21 million. Major firearms manufacturers such as Sturm, Ruger & Company, Inc. and Smith & Wesson Brands reported an increase in sales. Between August 2019 and August 2020, Sturm, Ruger & Company, Inc. shares more than doubled. Between September 2019 and August 2020, the value of Smith & Wesson Brands, Inc. shares quintupled. The boom in gun stockpiles that began last year has begun to subside. Nonetheless, the firearms industry continues to be a critical component of the US economy. NSSF: By 2020, this industry will have generated approximately $63.49 billion in economic activity for the country.
Insider Monkey looks at the 10 best gun stocks to invest in. AMMO, Inc. is ranked number ten on our list of the best firearms stocks to invest in. Year over year, the company’s revenue increased by more than 400%. AMMO was awarded a contract to design Ballistically Matched Multi-Purpose Rounds for use by the United States military. National Presto Industries, Inc. is a manufacturer of household goods, as well as defense and security products. Defense produces 40mm ammunition, precision mechanical and electromechanical products, and cartridge cases for medium caliber cartridges. On the list of the best gun stocks to invest in, the company is ranked ninth. The company manufactures products for hunting, shooting, personal security, fishing, camping, and self-defense. It is ranked number eight on the list of the best firearms stocks to invest in. The stock is up 75.93 percent year to date and 104.79 percent in the last six months. Big 5 Sporting Goods Corporation is a western United States-based retailer of sporting goods. The company sells hunting equipment, as well as other outdoor sports equipment and a variety of firearms. It is ranked seventh on our list of the best gun stocks to buy. Smith & Wesson Brands, Inc. is a global manufacturer and distributor of firearms. It comes in sixth place on our list of the best firearms stocks to invest in. The company’s fiscal fourth-quarter sales increased by 67.3 percent to around $323 million. For more details, click 10 Best Gun Stocks To Invest In.
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