5 best gun stocks to buy for Q3 2023

By:

Prash Raval

Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.

Updated: Sep 22, 2023

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The gun and ammunition industry is worth an estimated $21 billion in the United States alone and the best stocks in the sector are growing steadily. Our stock market experts have researched the gun sector and in this guide, you will learn the best gun stocks to buy in 2023. 

What are the top gun stocks to buy?

1. Ammo Inc. (NASDAQ:POWW)

Ammo Inc. is a relatively young company that was founded in 2017. It specialises in manufacturing and gun sales, along with selling ammunition for handguns, rifles, and shotguns. Ammo Inc. offers a diverse range of ammunition for civilian and law enforcement markets.

The company owns gunbroker.com, the largest online marketplace for guns and ammunition. Last year, gunbroker.com saw user growth increase with an average of 40,000 new registrations monthly. The online marketplace is also the company’s biggest revenue earner. 

Considering the consistent growth, solid financial performance, and reputation for delivering quality ammunition, Ammo Inc. provides a solid investment opportunity within the gun industry. With a rising demand for ammunition, the company is well-positioned to make the most of the market, especially due to its online market share.

2. Smith & Wesson Brands (NASDAQ:SWBI)

Smith & Wesson is one of the most famous names in the firearms industry, with a long history dating back to its founding in 1852. The company designs, manufactures, and distributes firearms like pistols, revolvers, and rifles. Its product range caters to civilian and professional markets, offering reliable and high-performance firearms.

Smith & Wesson is one of the best gun stocks to buy for several reasons. Firstly, the company has a strong and trusted brand reputation developed over many years. This recognition contributes to its market position and potential for consistent sales and revenue growth. 

Secondly, Smith & Wesson prioritise innovation and product development, ensuring it stays competitive and meets the evolving needs of firearm enthusiasts. By introducing new models and features, it has a diverse customer base. Lastly, with the continued demand for firearms across various market segments, Smith & Wesson is well-positioned to capitalise on opportunities and provide favourable returns for investors.

3. Sturm, Ruger & Company, Inc (NYSE:RGR)

Third place on our best gun stocks to buy in 2023 list is Sturm, Ruger & Company. Founded in 1949 by Alexander Sturm and William Ruger, the company has become a leading player in the industry. 

Headquartered in Southport, Connecticut, the company specialises in manufacturing and selling rifles and pistols. It has a strong reputation for producing diverse firearms, including single-shot, auto-loading and sporting rifles, center-fire auto-loading pistols, and single and double-action revolvers.

While there are several reasons RGR is one of the best gun stocks to buy, its attractive dividend payment is one of the main reasons you may want to consider investing in it. Sturm, Ruger & Company has a yield of approximately 5.27% with a track record of rewarding shareholders. 

4. Vista Outdoor Inc. (NYSE:VSTO)

Vista Outdoor is not specifically a gun stock but a company that sells outdoor sports and recreation equipment. It has grown into a prominent player in manufacturing and distributing a wide range of outdoor products, including firearms, ammunition, and shooting accessories. 

Vista Outdoor owns several large and well known gun brands, such as Savage Arms and Federal Premium Ammunition. These brands, which enjoy a solid reputation among gun enthusiasts, contribute significantly to Vista Outdoor’s overall revenue. 

Vista Outdoor is one of the best gun stocks to buy because of its diversified portfolio beyond firearms. Not only does this mitigate risks, it also presents opportunities for further expansion and growth. If the firearms industry is slowing, Vista Outdoor is positioned to make up a shortfall from its other revenue streams, including its outdoor sports sector. 

5. Olin Corporation (NYSE:OLN)

Final place on our best gun stocks to buy in 2023 list is Olin Corporation. The company operates across various industries, including chemicals and firearms. Olin is highly regarded for its unwavering commitment to safety, innovation, and delivering high-quality products.

Olin Corporation’s ammunition division, known as Winchester Ammunition, is a renowned brand that specialises in manufacturing a diverse range of ammunition catering to hunting, sport shooting, and self-defence needs. The brand has gained a strong reputation for its reliable, accurate, and high-performance ammunition, making it a preferred choice among firearm enthusiasts and professionals.

The consistent demand for ammunition driven by hunting seasons, shooting competitions, and personal defence requirements ensures a stable market through traditional sales channels. Olin Corporation’s strong presence in the ammunition market, powered by the reputable Winchester brand, positions it favourably to capitalise on this demand.

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If you want to buy any of the best gun stocks on our list, you’ll need to use a broker that offers these markets. You can use any of our expertly selected platforms below to buy the best gun stocks. Click on any of the buttons to get started in just a few minutes. 

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What is a gun stock?

It’s a publicly traded company operating within the firearms industry. Gun stocks generally either manufacture, distribute, or sells firearms or ammunition. Many of the best gun stocks cater to enthusiasts, law enforcement agencies, and military entities.

Are gun stocks a good investment?

Gun stocks can be good investments, although there is a lot to consider before investing. Market demand, regulatory changes, and economic conditions influence the performance of gun stocks. The industry has grown thanks to more gun purchases as a result of increased interest in shooting sports, personal protection, and self-defence. 

However, ethical concerns surrounding firearms and potential association with violence should also be considered. Some investors may have ethical concerns related to firearms and gun regulations. Gun stocks are generally not very ESG friendly. It’s important to evaluate personal values and conduct due diligence on the practices and policies of the companies being considered for investment.

The firearms industry can change quickly, with laws and regulations an essential factor to keep your eyes on. You can stay updated with the latest news and market analysis by using any of the links below. You’ll also need a specific broker to buy the best gun stock and if you click the blue button below, you can find our expertly selected platforms.