Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC grew its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 19.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,161 shares of the company’s stock after acquiring an additional 1,983 shares during the quarter. Larson Financial Group LLC’s holdings in Smith & Wesson Brands were worth $123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Aviance Capital Partners LLC boosted its holdings in shares of Smith & Wesson Brands by 14.6% in the fourth quarter. Aviance Capital Partners LLC now owns 101,283 shares of the company’s stock valued at $1,023,000 after acquiring an additional 12,875 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Smith & Wesson Brands in the fourth quarter valued at approximately $568,000. Jones Financial Companies Lllp boosted its holdings in shares of Smith & Wesson Brands by 238.6% in the fourth quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company’s stock valued at $50,000 after acquiring an additional 3,476 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Smith & Wesson Brands by 18.0% in the fourth quarter. Bank of New York Mellon Corp now owns 525,374 shares of the company’s stock valued at $5,309,000 after acquiring an additional 80,235 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in shares of Smith & Wesson Brands in the fourth quarter valued at approximately $271,000. 59.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SWBI. Lake Street Capital cut their price target on Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a research note on Friday, March 7th. Craig Hallum cut Smith & Wesson Brands from a “buy” rating to a “hold” rating and cut their price target for the stock from $18.00 to $13.00 in a research note on Friday, December 6th.

Smith & Wesson Brands Price Performance

Smith & Wesson Brands stock opened at $9.61 on Wednesday. Smith & Wesson Brands, Inc. has a 12 month low of $9.17 and a 12 month high of $18.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 1.43. The business has a 50 day simple moving average of $10.49 and a 200-day simple moving average of $11.99. The stock has a market capitalization of $422.87 million, a PE ratio of 12.32 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $115.89 million during the quarter, compared to analysts’ expectations of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. Equities analysts predict that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Thursday, March 20th. Smith & Wesson Brands’s payout ratio is 80.00%.

Smith & Wesson Brands Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.