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

Counterpoint Mutual Funds LLC acquired a new stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,588 shares of the company’s stock, valued at approximately $392,000.

Several other institutional investors have also recently made changes to their positions in the stock. Fund 1 Investments LLC acquired a new stake in shares of Smith & Wesson Brands in the 4th quarter worth about $4,790,000. AMH Equity Ltd acquired a new stake in shares of Smith & Wesson Brands in the 4th quarter worth about $2,712,000. UBS Group AG raised its holdings in shares of Smith & Wesson Brands by 10.2% in the 4th quarter. UBS Group AG now owns 2,067,462 shares of the company’s stock worth $28,035,000 after acquiring an additional 191,813 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Smith & Wesson Brands by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,514,160 shares of the company’s stock worth $45,368,000 after acquiring an additional 92,985 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Smith & Wesson Brands in the 3rd quarter worth about $1,107,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SWBI shares. Craig Hallum upgraded shares of Smith & Wesson Brands from a “hold” rating to a “buy” rating and upped their target price for the stock from $14.00 to $18.00 in a report on Friday, March 8th. Lake Street Capital increased their price objective on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, June 21st.

Smith & Wesson Brands Stock Down 0.1 %

NASDAQ:SWBI traded down $0.02 on Wednesday, hitting $14.74. The stock had a trading volume of 777,903 shares, compared to its average volume of 394,197. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.32 and a current ratio of 2.98. The stock has a market cap of $671.55 million, a P/E ratio of 17.12 and a beta of 1.11. Smith & Wesson Brands, Inc. has a 1 year low of $10.38 and a 1 year high of $18.05. The firm’s fifty day simple moving average is $16.34 and its two-hundred day simple moving average is $15.21.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings data on Thursday, June 20th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.35 by $0.10. The firm had revenue of $159.15 million during the quarter, compared to analyst estimates of $156.80 million. Smith & Wesson Brands had a net margin of 7.39% and a return on equity of 11.03%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS.

Smith & Wesson Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.13 per share. This is an increase from Smith & Wesson Brands’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Thursday, July 11th. Smith & Wesson Brands’s dividend payout ratio is currently 55.81%.

Smith & Wesson Brands 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.