Nisa Investment Advisors LLC Trims Stock Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Nisa Investment Advisors LLC decreased its holdings in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBIFree Report) by 68.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,946 shares of the company’s stock after selling 13,110 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Smith & Wesson Brands were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in shares of Smith & Wesson Brands during the 4th quarter valued at about $568,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Smith & Wesson Brands by 34.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 102,441 shares of the company’s stock valued at $1,035,000 after purchasing an additional 26,086 shares during the last quarter. Millennium Management LLC bought a new stake in Smith & Wesson Brands during the fourth quarter valued at approximately $501,000. Teacher Retirement System of Texas grew its stake in Smith & Wesson Brands by 43.2% in the 1st quarter. Teacher Retirement System of Texas now owns 89,197 shares of the company’s stock worth $831,000 after buying an additional 26,901 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of 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 buying an additional 12,910 shares during the last quarter. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Price Performance

SWBI opened at $8.03 on Friday. The stock has a 50-day moving average price of $9.36 and a 200-day moving average price of $9.75. Smith & Wesson Brands, Inc. has a 12-month low of $8.03 and a 12-month high of $16.85. The company has a current ratio of 4.16, a quick ratio of 1.31 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $353.32 million, a P/E ratio of 29.74 and a beta of 0.94.

Smith & Wesson Brands (NASDAQ:SWBIGet Free Report) last released its earnings results on Wednesday, June 18th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Smith & Wesson Brands had a return on equity of 3.71% and a net margin of 2.60%. The firm had revenue of $140.76 million during the quarter, compared to the consensus estimate of $152.41 million. During the same quarter in the previous year, the firm earned $0.45 EPS. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. Equities analysts predict that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 7th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend is Monday, July 7th. Smith & Wesson Brands’s dividend payout ratio is currently 192.59%.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital dropped their price objective on shares of Smith & Wesson Brands from $12.50 to $11.00 and set a “buy” rating for the company in a report on Monday, June 23rd.

Check Out Our Latest Research Report on SWBI

Smith & Wesson Brands Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Smith & Wesson Brands (NASDAQ:SWBI)

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