Price T Rowe Associates Inc. MD Acquires 2,518 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Price T Rowe Associates Inc. MD boosted its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,310 shares of the company’s stock after purchasing an additional 2,518 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Smith & Wesson Brands were worth $175,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SWBI. JPMorgan Chase & Co. increased its holdings in Smith & Wesson Brands by 9.1% in the third quarter. JPMorgan Chase & Co. now owns 131,566 shares of the company’s stock worth $1,708,000 after purchasing an additional 11,006 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Smith & Wesson Brands by 95,180.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,056 shares of the company’s stock worth $195,000 after purchasing an additional 19,036 shares in the last quarter. SG Americas Securities LLC increased its holdings in Smith & Wesson Brands by 11.8% in the fourth quarter. SG Americas Securities LLC now owns 17,795 shares of the company’s stock worth $180,000 after purchasing an additional 1,872 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Smith & Wesson Brands by 26.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 28,628 shares of the company’s stock worth $289,000 after purchasing an additional 5,914 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Smith & Wesson Brands by 35.0% in the fourth quarter. Blue Trust Inc. now owns 17,120 shares of the company’s stock worth $173,000 after purchasing an additional 4,441 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors.

Smith & Wesson Brands Trading Up 0.5%

Shares of Smith & Wesson Brands stock opened at $9.79 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97. Smith & Wesson Brands, Inc. has a 52 week low of $8.38 and a 52 week high of $16.89. The stock has a 50 day moving average price of $9.39 and a two-hundred day moving average price of $10.63. The stock has a market capitalization of $430.79 million, a PE ratio of 12.55 and a beta of 1.09.

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

Smith & Wesson Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid 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 yield of 5.31%. Smith & Wesson Brands’s dividend payout ratio (DPR) is presently 80.00%.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital lowered their target price on Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a report on Friday, March 7th.

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.