Allianz Asset Management GmbH Has $1.80 Million Stock Holdings in Smith & Wesson Brands, Inc. $SWBI

Allianz Asset Management GmbH lifted its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 327.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 183,220 shares of the company’s stock after purchasing an additional 140,368 shares during the quarter. Allianz Asset Management GmbH owned 0.41% of Smith & Wesson Brands worth $1,801,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in Smith & Wesson Brands by 41.4% during the first quarter. Goldman Sachs Group Inc. now owns 712,708 shares of the company’s stock valued at $6,642,000 after buying an additional 208,739 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Smith & Wesson Brands during the second quarter valued at approximately $1,213,000. SummerHaven Investment Management LLC acquired a new stake in shares of Smith & Wesson Brands during the third quarter valued at approximately $965,000. AlphaQuest LLC lifted its position in shares of Smith & Wesson Brands by 1,009.7% in the 3rd quarter. AlphaQuest LLC now owns 28,707 shares of the company’s stock valued at $282,000 after acquiring an additional 26,120 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Smith & Wesson Brands in the 2nd quarter worth approximately $190,000. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Smith & Wesson Brands in a research note on Monday, December 29th. Wall Street Zen upgraded Smith & Wesson Brands from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.00.

Smith & Wesson Brands Stock Performance

SWBI opened at $11.68 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.58 and a current ratio of 4.98. The company has a market cap of $519.64 million, a PE ratio of 61.48 and a beta of 1.06. The stock has a 50-day moving average of $10.74 and a 200-day moving average of $9.57. Smith & Wesson Brands, Inc. has a 52-week low of $7.73 and a 52-week high of $12.05.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Smith & Wesson Brands had a net margin of 1.89% and a return on equity of 2.34%. The business had revenue of $124.67 million during the quarter, compared to analysts’ expectations of $123.73 million. During the same period in the previous year, the company earned $0.11 earnings per share. Smith & Wesson Brands’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, equities research analysts forecast that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 18th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Thursday, December 18th. Smith & Wesson Brands’s dividend payout ratio (DPR) is presently 273.68%.

Smith & Wesson Brands Profile

Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.

Founded in 1852 by Horace Smith and Daniel B.