Bank of New York Mellon Corp Cuts Stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Bank of New York Mellon Corp trimmed its position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 551,245 shares of the company’s stock after selling 7,823 shares during the quarter. Bank of New York Mellon Corp owned about 1.20% of Smith & Wesson Brands worth $7,188,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SWBI. Bank of Montreal Can purchased a new stake in shares of Smith & Wesson Brands during the 2nd quarter valued at about $1,344,000. LPL Financial LLC boosted its holdings in shares of Smith & Wesson Brands by 2.9% during the 2nd quarter. LPL Financial LLC now owns 118,951 shares of the company’s stock valued at $1,551,000 after acquiring an additional 3,396 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Smith & Wesson Brands during the 2nd quarter valued at about $406,000. EA Series Trust purchased a new stake in shares of Smith & Wesson Brands during the 2nd quarter valued at about $2,235,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Smith & Wesson Brands by 21.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 27,643 shares of the company’s stock valued at $340,000 after acquiring an additional 4,863 shares during the last quarter. 57.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Smith & Wesson Brands

In other news, Director Robert L. Scott sold 2,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $14.15, for a total value of $28,300.00. Following the transaction, the director now owns 81,569 shares in the company, valued at approximately $1,154,201.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.99% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Aegis reaffirmed a “buy” rating on shares of Smith & Wesson Brands in a report on Tuesday, September 12th.

Smith & Wesson Brands Stock Performance

Shares of NASDAQ SWBI opened at $13.99 on Monday. The firm’s 50-day moving average price is $13.39 and its 200-day moving average price is $12.75. Smith & Wesson Brands, Inc. has a 52-week low of $8.20 and a 52-week high of $14.86. The company has a quick ratio of 1.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.16. The company has a market cap of $645.61 million, a PE ratio of 17.49 and a beta of 1.08.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings data on Thursday, September 7th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. Smith & Wesson Brands had a net margin of 7.21% and a return on equity of 11.71%. The firm had revenue of $114.20 million for the quarter, compared to analysts’ expectations of $100.93 million. During the same quarter in the prior year, the business earned $0.11 EPS. The business’s quarterly revenue was up 35.3% on a year-over-year basis. As a group, analysts anticipate that Smith & Wesson Brands, Inc. will post 0.8 EPS for the current year.

Smith & Wesson Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Thursday, September 21st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Wednesday, September 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is presently 60.00%.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.