Bank of New York Mellon Corp Grows Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Bank of New York Mellon Corp raised its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 18.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 525,374 shares of the company’s stock after buying an additional 80,235 shares during the period. Bank of New York Mellon Corp’s holdings in Smith & Wesson Brands were worth $5,309,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in Smith & Wesson Brands by 5.8% in the 3rd quarter. Franklin Resources Inc. now owns 29,249 shares of the company’s stock valued at $378,000 after purchasing an additional 1,598 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Smith & Wesson Brands by 11.8% in the 4th quarter. SG Americas Securities LLC now owns 17,795 shares of the company’s stock valued at $180,000 after purchasing an additional 1,872 shares in the last quarter. Verity Asset Management Inc. lifted its holdings in Smith & Wesson Brands by 15.7% in the 4th quarter. Verity Asset Management Inc. now owns 16,336 shares of the company’s stock valued at $165,000 after purchasing an additional 2,211 shares in the last quarter. Empowered Funds LLC lifted its holdings in Smith & Wesson Brands by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 73,923 shares of the company’s stock valued at $960,000 after purchasing an additional 3,752 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Smith & Wesson Brands by 35.0% in the 4th quarter. Blue Trust Inc. now owns 17,120 shares of the company’s stock valued at $173,000 after purchasing an additional 4,441 shares in the last quarter. 59.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Craig Hallum downgraded shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and dropped their price objective for the company from $18.00 to $13.00 in a research note on Friday, December 6th. Lake Street Capital dropped their price objective on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a research note on Friday, March 7th.

Smith & Wesson Brands Stock Down 1.9 %

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

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $115.89 million during the quarter, compared to analysts’ expectations of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. As a group, sell-side analysts predict that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 5.28%. The ex-dividend date is Thursday, March 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is presently 80.00%.

Smith & Wesson Brands Company 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.