Northern Trust Corp Purchases 21,362 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Northern Trust Corp boosted its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 415,205 shares of the company’s stock after acquiring an additional 21,362 shares during the period. Northern Trust Corp owned 0.94% of Smith & Wesson Brands worth $4,196,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Smith & Wesson Brands by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,063,973 shares of the company’s stock worth $30,960,000 after acquiring an additional 104,128 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Smith & Wesson Brands by 18.0% in the 4th quarter. Bank of New York Mellon Corp now owns 525,374 shares of the company’s stock worth $5,309,000 after acquiring an additional 80,235 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Smith & Wesson Brands by 9.8% in the 4th quarter. JPMorgan Chase & Co. now owns 144,476 shares of the company’s stock worth $1,460,000 after acquiring an additional 12,910 shares during the last quarter. Invesco Ltd. grew its holdings in Smith & Wesson Brands by 9.0% in the 4th quarter. Invesco Ltd. now owns 131,776 shares of the company’s stock worth $1,332,000 after acquiring an additional 10,887 shares during the last quarter. Finally, Aviance Capital Partners LLC grew its holdings in Smith & Wesson Brands by 14.6% in the 4th quarter. Aviance Capital Partners LLC now owns 101,283 shares of the company’s stock worth $1,023,000 after acquiring an additional 12,875 shares during the last quarter. Institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Trading Down 0.5%

NASDAQ:SWBI opened at $9.46 on Friday. The company has a 50-day moving average price of $9.37 and a 200-day moving average price of $10.55. Smith & Wesson Brands, Inc. has a 12 month low of $8.38 and a 12 month high of $16.89. 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 stock has a market cap of $416.27 million, a price-to-earnings ratio of 12.13 and a beta of 1.09.

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

Smith & Wesson Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a $0.13 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.52 annualized dividend and a dividend yield of 5.50%. Smith & Wesson Brands’s dividend payout ratio is 80.00%.

Wall Street Analyst Weigh In

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

Smith & Wesson Brands Company 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.