9 Best Gun Stocks to Buy Now

3. Vista Outdoor Inc. (NYSE:VSTO)

Number of Hedge Fund Holders: 36

Vista Outdoor Inc. (NYSE:VSTO) manufactures and markets sporting and outdoor products through more than three dozen brands under two operating segments: Revelyst and The Kinetic Group. It is one of the best gun stocks to buy now with 36 hedge funds holding stakes in the company at the end of Q2 2024, as per Insider Monkey’s database.

The first-quarter earnings call for FY25 revealed mixed results for Vista Outdoor Inc. (NYSE:VSTO), as overall sales declined 7.1% year-over-year to $644.2 million, while EPS also dipped 6.5% to $1.01 per share. Revenue at The Kinetic Group was reported at $370 million, whereas Revelyst generated $274 million in total revenue. The company faced challenges with the supply chain, timings of new product launches, and increased input costs of essential manufacturing materials.

That said, there are still enough reasons to be bullish on Vista Outdoor Inc. (NYSE:VSTO). The GEAR Up program at Revelyst has already saved $5 million this year, which has put the company on the path to meet the targeted savings of between $25-30 million during FY25. Moreover, its products continue to be recognized. The United States military announced a $3.6 million contract for Vista’s 7.62×51 Long Range ammunition this year. The company’s share price surged by 34.83% so far this year, amid rising bid offers for its acquisition. The stock has a Buy rating, with a share price target of $41.25, representing an upside of 3.46% from its current trading value.