It’s no secret Wall Street was, for the most part, rooting for Mitt Romney to win the presidential election. After all, Republican candidates are generally viewed as more business friendly, and Romney was no exception. But even if you believe President Barack Obama’s second term will be bad for business and the economy overall, I’m certain his presidency will benefit at least a few types of stocks.

One stock, in particular, has jumped 11% since Election Day, climbing from $44.16 at the start of trading on Nov. 6 to about $49 now. In fact, shares performed spectacularly during Obama’s first term, delivering a whopping 650% since the president’s inauguration on Jan. 20, 2009.

The stock I’m referring to: Firearms manufacturer Sturm, Ruger & Co. (NYSE: RGR). If you’re not that familiar with the company, it makes a wide variety of firearms including pistols, shotguns, rifles and revolvers, which it sells mainly under the “Ruger” name.

A major catalyst in the stock’s past performance — and one that’ll be equally important going forward — is concern among firearms owners about the president pursuing stricter gun control laws. Because they feared all types of firearms might become harder to obtain under the Obama Administration, gun enthusiasts went on a four-year buying spree. And once it became clear the president would win reelection, investors immediately began piling into gun stocks on the belief the spree would continue.

Indeed, there are already plenty of stories about spiking gun sales since Election Day. More important, longer-term projections by industry analysts suggest fast revenue growth will be the norm for years to come. So if you’d like to play the trend, Sturm, Ruger & Co. is a wise choice for several reasons.

First, the company is clearly a leading gun maker. For the past three years, revenue has been expanding 22% a year, compared with the industry average growth rate of just 2%. As a result, Sturm is on pace to reach $480 million in sales this year, a 77% gain from 2009. Earnings growth has been astounding as well, and the company is on pace to achieve $3.50 per share in 2012 — a 146% gain from $1.42 a share in 2009. This represents an annualized growth rate of 35%, nearly twice the industry average of 18% during the past three years.#-ad_banner-#

To help maintain fast growth, the company has been introducing a steady stream of new products, including the recently released Ruger Single-Nine revolver, which resembles what an Old West gunfighter might have carried in the 1800s. Notably, on June 28, management announced the purchase of a minority interest in crossbow manufacturer Kodabow, a two-year-old startup that currently generates annual revenue of about $1 million. The acquisition nicely complements other Sturm, Ruger & Co. products that appeal to hunters, who often use crossbows during portions of the hunting season when firearms aren’t permitted.

What’s more, Sturm, Ruger & Co. has no debt on its balance sheet and about $80 million in cash — by far its largest cash position in a decade. Thus, the firm has plenty of resources for continued new product development, further acquisitions and dividend increases. In terms of dividends, the company currently pays $1.53 a share, good for about a 3% yield.