Renaissance Technologies LLC Lowers Holdings in Smith & Wesson Brands, Inc. $SWBI

Renaissance Technologies LLC trimmed its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 2.1% in the 1st quarter, Holdings Channel reports. The firm owned 2,150,074 shares of the company’s stock after selling 46,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Smith & Wesson Brands were worth $30,811,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SWBI. Caitong International Asset Management Co. Ltd purchased a new position in shares of Smith & Wesson Brands during the 4th quarter valued at $30,000. Tower Research Capital LLC TRC raised its position in shares of Smith & Wesson Brands by 205.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock worth $54,000 after buying an additional 4,200 shares in the last quarter. Rafferty Asset Management LLC raised its position in shares of Smith & Wesson Brands by 12.2% in the second quarter. Rafferty Asset Management LLC now owns 11,403 shares of the company’s stock worth $99,000 after buying an additional 1,237 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Smith & Wesson Brands in the second quarter worth $101,000. Finally, Corient Private Wealth LLC bought a new stake in Smith & Wesson Brands during the second quarter valued at $104,000. 59.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on SWBI shares. Lake Street Capital boosted their target price on Smith & Wesson Brands from $14.00 to $16.50 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings upgraded Smith & Wesson Brands from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research raised Smith & Wesson Brands to a “hold” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.50.

Smith & Wesson Brands Price Performance

Shares of NASDAQ:SWBI opened at $14.68 on Wednesday. The company’s fifty day moving average price is $15.14 and its 200-day moving average price is $13.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.20 and a quick ratio of 1.13. The firm has a market capitalization of $656.64 million, a price-to-earnings ratio of 36.70 and a beta of 0.84. Smith & Wesson Brands, Inc. has a one year low of $7.73 and a one year high of $17.56.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings data on Wednesday, June 17th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. The company had revenue of $178.39 million during the quarter, compared to the consensus estimate of $155.27 million. Smith & Wesson Brands had a net margin of 3.53% and a return on equity of 5.01%. The firm’s revenue was up 26.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 EPS. On average, equities research analysts anticipate that Smith & Wesson Brands, Inc. will post 0.55 earnings per share for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Wednesday, July 1st. Smith & Wesson Brands’s dividend payout ratio is presently 130.00%.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.

Founded in 1852 by Horace Smith and Daniel B.