Counterpoint Mutual Funds LLC Takes Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Counterpoint Mutual Funds LLC bought a new stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 32,719 shares of the company’s stock, valued at approximately $331,000.

A number of other large investors have also modified their holdings of the stock. IMG Wealth Management Inc. purchased a new position in Smith & Wesson Brands in the fourth quarter valued at about $44,000. Wealthfront Advisers LLC purchased a new position in Smith & Wesson Brands in the fourth quarter valued at about $81,000. Larson Financial Group LLC boosted its holdings in Smith & Wesson Brands by 19.5% in the fourth quarter. Larson Financial Group LLC now owns 12,161 shares of the company’s stock valued at $123,000 after purchasing an additional 1,983 shares during the last quarter. Aviance Capital Partners LLC boosted its holdings in Smith & Wesson Brands by 14.6% in the fourth quarter. Aviance Capital Partners LLC now owns 101,283 shares of the company’s stock valued at $1,023,000 after purchasing an additional 12,875 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Smith & Wesson Brands in the fourth quarter valued at about $568,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SWBI. Craig Hallum downgraded Smith & Wesson Brands from a “buy” rating to a “hold” rating and reduced their price target for the company from $18.00 to $13.00 in a report on Friday, December 6th. Lake Street Capital reduced their price target 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 Trading Down 1.9 %

NASDAQ:SWBI opened at $9.85 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $10.47 and its two-hundred day moving average is $11.84. Smith & Wesson Brands, Inc. has a 52 week low of $9.17 and a 52 week high of $18.05. The company has a market cap of $433.43 million, a PE ratio of 12.63 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI) last released its earnings results on Thursday, March 6th. The company reported $0.02 EPS for the quarter, hitting 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 company had revenue of $115.89 million for the quarter, compared to the consensus estimate of $119.46 million. On average, 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 declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 5.28%. The ex-dividend date is Thursday, March 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is 80.00%.

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.