Smith & Wesson Brands (NASDAQ:SWBI) Trading 5.6% Higher – Here’s Why

Smith & Wesson Brands, Inc. (NASDAQ:SWBI)’s stock price traded up 5.6% on Monday . The stock traded as high as $13.91 and last traded at $13.90. 129,924 shares traded hands during trading, a decline of 67% from the average session volume of 393,212 shares. The stock had previously closed at $13.16.

Smith & Wesson Brands Stock Performance

The firm has a market capitalization of $615.79 million, a price-to-earnings ratio of 18.78 and a beta of 1.00. The company has a fifty day moving average of $13.34 and a two-hundred day moving average of $14.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 3.54.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings results on Thursday, September 5th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $88.33 million during the quarter, compared to analysts’ expectations of $102.52 million. Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. The firm’s revenue for the quarter was down 22.7% compared to the same quarter last year. During the same period last year, the firm posted $0.13 EPS.

Smith & Wesson Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were issued a $0.13 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.52 annualized dividend and a yield of 3.79%. Smith & Wesson Brands’s dividend payout ratio is presently 70.27%.

Hedge Funds Weigh In On Smith & Wesson Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP raised its holdings in Smith & Wesson Brands by 2,773.0% in the 2nd quarter. Quarry LP now owns 2,126 shares of the company’s stock valued at $30,000 after acquiring an additional 2,052 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Smith & Wesson Brands by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 2,133 shares of the company’s stock worth $31,000 after buying an additional 1,614 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Smith & Wesson Brands by 1,198.2% during the 3rd quarter. International Assets Investment Management LLC now owns 2,908 shares of the company’s stock worth $38,000 after buying an additional 2,684 shares in the last quarter. NBC Securities Inc. raised its holdings in shares of Smith & Wesson Brands by 823.8% during the 3rd quarter. NBC Securities Inc. now owns 4,000 shares of the company’s stock worth $51,000 after buying an additional 3,567 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new position in shares of Smith & Wesson Brands during the 3rd quarter worth $52,000. 59.33% of the stock is owned by institutional investors and hedge funds.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.