Over the years the Model 77 has evolved like Ruger's other designs. The Model 77 Mark II followed in 1989, and the rifle received another facelift in 2006 when it became known as the Ruger Hawkeye. The Hawkeye name came with two other changes: the addition of Ruger's LC6 trigger and a new stock contour.

The Ruger Hawkeye pistol was not a commercial success, and was discontinued after only 3,075 were produced.

M77 Mark II Barrels were now hammer forged at Ruger's factory. The safety, bolt, trigger, and bottom metal were substantially redesigned as well. The claw extractor was retained, but the bolt face was opened up to turn the action into a true controlled-round feed.