Invesco Ltd. Has $1.33 Million Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Invesco Ltd. increased its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,776 shares of the company’s stock after purchasing an additional 10,887 shares during the period. Invesco Ltd. owned approximately 0.30% of Smith & Wesson Brands worth $1,332,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SWBI. Bank of New York Mellon Corp grew its stake in shares of Smith & Wesson Brands by 18.0% during the fourth quarter. Bank of New York Mellon Corp now owns 525,374 shares of the company’s stock worth $5,309,000 after purchasing an additional 80,235 shares during the period. Barclays PLC grew its stake in shares of Smith & Wesson Brands by 240.2% during the third quarter. Barclays PLC now owns 80,449 shares of the company’s stock worth $1,046,000 after purchasing an additional 56,800 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Smith & Wesson Brands during the fourth quarter worth $568,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Smith & Wesson Brands during the fourth quarter worth $331,000. Finally, Teacher Retirement System of Texas grew its stake in shares of Smith & Wesson Brands by 84.6% during the fourth quarter. Teacher Retirement System of Texas now owns 62,296 shares of the company’s stock worth $630,000 after purchasing an additional 28,556 shares during the period. 59.33% of the stock is owned by institutional investors and hedge funds.

Smith & Wesson Brands Stock Performance

SWBI stock opened at $9.53 on Thursday. The business’s 50-day moving average price is $9.65 and its two-hundred day moving average price is $10.96. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm has a market cap of $419.35 million, a PE ratio of 12.22 and a beta of 1.09. Smith & Wesson Brands, Inc. has a 1-year low of $8.38 and a 1-year high of $17.25.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $115.89 million for the quarter, compared to analyst estimates of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. As a group, research analysts forecast that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.46%. Smith & Wesson Brands’s dividend payout ratio (DPR) is 80.00%.

Analyst Ratings Changes

Separately, Lake Street Capital decreased their price objective 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.

About Smith & Wesson Brands

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.