Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Director Sells $32,140.00 in Stock

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Director Robert L. Scott sold 2,000 shares of Smith & Wesson Brands stock in a transaction on Monday, July 29th. The stock was sold at an average price of $16.07, for a total transaction of $32,140.00. Following the sale, the director now directly owns 67,569 shares of the company’s stock, valued at $1,085,833.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Smith & Wesson Brands Stock Down 0.8 %

SWBI traded down $0.14 during midday trading on Wednesday, reaching $16.55. The company’s stock had a trading volume of 332,186 shares, compared to its average volume of 407,780. The firm has a market capitalization of $754.02 million, a price-to-earnings ratio of 19.41 and a beta of 1.09. The company has a current ratio of 2.98, a quick ratio of 1.32 and a debt-to-equity ratio of 0.19. Smith & Wesson Brands, Inc. has a 1 year low of $10.38 and a 1 year high of $18.05. The stock’s 50-day moving average is $15.48 and its 200-day moving average is $15.49.

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

Smith & Wesson Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were given a dividend of $0.13 per share. This is an increase from Smith & Wesson Brands’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $0.52 dividend on an annualized basis and a yield of 3.14%. Smith & Wesson Brands’s dividend payout ratio is 60.47%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SWBI. Blue Trust Inc. increased its holdings in Smith & Wesson Brands by 311.0% during the second quarter. Blue Trust Inc. now owns 2,133 shares of the company’s stock valued at $31,000 after buying an additional 1,614 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Smith & Wesson Brands by 1,255.8% during the fourth quarter. International Assets Investment Management LLC now owns 3,037 shares of the company’s stock valued at $41,000 after buying an additional 2,813 shares during the last quarter. TrueMark Investments LLC purchased a new stake in Smith & Wesson Brands during the second quarter valued at approximately $149,000. Allspring Global Investments Holdings LLC increased its holdings in Smith & Wesson Brands by 1,653.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,256 shares of the company’s stock valued at $161,000 after buying an additional 8,728 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in Smith & Wesson Brands during the fourth quarter valued at approximately $176,000. Institutional investors own 59.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital lifted their price objective on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, June 21st.

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.