Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 31.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,881 shares of the company’s stock after selling 11,700 shares during the period. Raymond James & Associates’ holdings in Smith & Wesson Brands were worth $351,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Commonwealth Equity Services LLC raised its position in Smith & Wesson Brands by 2.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 27,196 shares of the company’s stock worth $351,000 after buying an additional 739 shares during the last quarter. Rafferty Asset Management LLC raised its position in Smith & Wesson Brands by 6.9% during the 3rd quarter. Rafferty Asset Management LLC now owns 14,787 shares of the company’s stock worth $191,000 after buying an additional 960 shares during the last quarter. Swiss National Bank raised its position in Smith & Wesson Brands by 1.4% during the 3rd quarter. Swiss National Bank now owns 101,250 shares of the company’s stock worth $1,307,000 after buying an additional 1,400 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Smith & Wesson Brands by 12.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,952 shares of the company’s stock worth $206,000 after buying an additional 1,709 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Smith & Wesson Brands by 26.7% during the 4th quarter. SG Americas Securities LLC now owns 25,164 shares of the company’s stock worth $341,000 after buying an additional 5,302 shares during the last quarter. Institutional investors and hedge funds own 59.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum upgraded shares of Smith & Wesson Brands from a “hold” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $18.00 in a research report on Friday, March 8th.

Insider Activity

In other news, Director Robert L. Scott sold 2,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $13.46, for a total value of $26,920.00. Following the completion of the transaction, the director now owns 73,569 shares in the company, valued at approximately $990,238.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robert L. Scott sold 2,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $13.46, for a total value of $26,920.00. Following the sale, the director now directly owns 73,569 shares of the company’s stock, valued at approximately $990,238.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Deana L. Mcpherson sold 13,068 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $17.49, for a total transaction of $228,559.32. Following the completion of the sale, the insider now directly owns 76,370 shares in the company, valued at $1,335,711.30. The disclosure for this sale can be found here. Insiders sold 17,068 shares of company stock worth $291,279 in the last 90 days. 0.99% of the stock is currently owned by corporate insiders.

Smith & Wesson Brands Stock Performance

Shares of SWBI opened at $17.17 on Monday. The company has a 50-day simple moving average of $16.24 and a 200-day simple moving average of $14.56. The company has a quick ratio of 1.42, a current ratio of 3.21 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $791.54 million, a PE ratio of 30.12 and a beta of 1.17. Smith & Wesson Brands, Inc. has a 52-week low of $10.38 and a 52-week high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The business had revenue of $137.48 million during the quarter, compared to the consensus estimate of $133.56 million. Smith & Wesson Brands had a net margin of 5.05% and a return on equity of 9.44%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 EPS. Equities research analysts predict that Smith & Wesson Brands, Inc. will post 0.8 earnings per share for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.80%. Smith & Wesson Brands’s dividend payout ratio is presently 84.21%.

Smith & Wesson Brands 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.