American Century Companies Inc. Has $9.87 Million Stock Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

American Century Companies Inc. decreased its holdings in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 18.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 977,186 shares of the company's stock after selling 220,233 shares during the quarter. American Century Companies Inc. owned 2.22% of Smith & Wesson Brands worth $9,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in shares of Smith & Wesson Brands during the 4th quarter valued at $44,000. Jones Financial Companies Lllp boosted its position in Smith & Wesson Brands by 238.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company's stock valued at $50,000 after purchasing an additional 3,476 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in Smith & Wesson Brands during the fourth quarter valued at $81,000. Sanctuary Advisors LLC purchased a new position in Smith & Wesson Brands in the fourth quarter valued at about $114,000. Finally, Peapack Gladstone Financial Corp acquired a new position in Smith & Wesson Brands in the 3rd quarter worth about $149,000. 59.33% of the stock is owned by institutional investors and hedge funds.

Smith & Wesson Brands Stock Down 3.6 %

Shares of SWBI stock traded down $0.33 on Monday, hitting $8.81. The company's stock had a trading volume of 677,420 shares, compared to its average volume of 471,595. The stock has a market capitalization of $387.67 million, a price-to-earnings ratio of 11.29 and a beta of 1.09. Smith & Wesson Brands, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $17.85. The firm's fifty day moving average price is $10.21 and its 200-day moving average price is $11.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 1.43.

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Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last announced 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. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. The company had revenue of $115.89 million during the quarter, compared to analysts' expectations of $119.46 million. Research analysts anticipate that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.

Smith & Wesson Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date was Thursday, March 20th. Smith & Wesson Brands's payout ratio is 80.00%.

Analyst Ratings Changes

Separately, Lake Street Capital reduced their price target on Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating for the company in a report on Friday, March 7th.

Smith & Wesson Brands 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.