LSV Asset Management Sells 19,000 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

LSV Asset Management cut its position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 399,200 shares of the company’s stock after selling 19,000 shares during the quarter. LSV Asset Management’s holdings in Smith & Wesson Brands were worth $5,413,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in shares of Smith & Wesson Brands by 1,255.8% in the 4th quarter. International Assets Investment Management LLC now owns 3,037 shares of the company’s stock valued at $41,000 after purchasing an additional 2,813 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Smith & Wesson Brands during the 3rd quarter worth approximately $130,000. EMC Capital Management grew its position in shares of Smith & Wesson Brands by 237.1% during the 3rd quarter. EMC Capital Management now owns 10,606 shares of the company’s stock worth $137,000 after buying an additional 7,460 shares during the period. Rafferty Asset Management LLC increased its stake in shares of Smith & Wesson Brands by 6.9% in the 3rd quarter. Rafferty Asset Management LLC now owns 14,787 shares of the company’s stock valued at $191,000 after acquiring an additional 960 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Smith & Wesson Brands during the 3rd quarter valued at $193,000. Institutional investors own 59.33% of the company’s stock.

Insider Transactions at Smith & Wesson Brands

In other Smith & Wesson Brands news, Director Robert L. Scott sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $17.90, for a total value of $35,800.00. Following the completion of the sale, the director now directly owns 71,569 shares of the company’s stock, valued at approximately $1,281,085.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Smith & Wesson Brands news, insider Deana L. Mcpherson sold 13,068 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $17.49, for a total value of $228,559.32. Following the completion of the transaction, the insider now owns 76,370 shares in the company, valued at approximately $1,335,711.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert L. Scott sold 2,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $17.90, for a total transaction of $35,800.00. Following the completion of the transaction, the director now directly owns 71,569 shares in the company, valued at $1,281,085.10. The disclosure for this sale can be found here. Insiders sold a total of 17,068 shares of company stock worth $291,279 in the last quarter. 0.99% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Craig Hallum upgraded shares of Smith & Wesson Brands from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.00 to $18.00 in a report on Friday, March 8th.

Smith & Wesson Brands Price Performance

Shares of SWBI opened at $16.29 on Thursday. The stock has a market cap of $750.97 million, a P/E ratio of 28.58 and a beta of 1.17. The business’s fifty day moving average is $16.72 and its 200 day moving average is $14.70. The company has a quick ratio of 1.42, a current ratio of 3.21 and a debt-to-equity ratio of 0.27. Smith & Wesson Brands, Inc. has a 12-month low of $10.38 and a 12-month high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its earnings results on Thursday, March 7th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.11 by $0.08. The company had revenue of $137.48 million during the quarter, compared to the consensus estimate of $133.56 million. Smith & Wesson Brands had a net margin of 5.05% and a return on equity of 9.44%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. Sell-side analysts anticipate that Smith & Wesson Brands, Inc. will post 0.8 earnings per share for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Wednesday, March 20th. Smith & Wesson Brands’s dividend payout ratio is 84.21%.

About Smith & Wesson Brands

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.