Empowered Funds LLC Reduces Stock Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Empowered Funds LLC reduced its holdings in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 65.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,473 shares of the company's stock after selling 48,450 shares during the period. Empowered Funds LLC owned about 0.06% of Smith & Wesson Brands worth $257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. increased its stake in Smith & Wesson Brands by 5.8% in the third quarter. Franklin Resources Inc. now owns 29,249 shares of the company's stock worth $378,000 after purchasing an additional 1,598 shares during the period. Barclays PLC grew its holdings in shares of Smith & Wesson Brands by 240.2% in the third quarter. Barclays PLC now owns 80,449 shares of the company's stock worth $1,046,000 after purchasing an additional 56,800 shares during the last quarter. GSA Capital Partners LLP boosted its position in Smith & Wesson Brands by 380.9% in the 3rd quarter. GSA Capital Partners LLP now owns 62,197 shares of the company's stock valued at $807,000 after buying an additional 49,264 shares during the period. Geode Capital Management LLC grew its stake in Smith & Wesson Brands by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,067,955 shares of the company's stock worth $13,865,000 after acquiring an additional 7,260 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Smith & Wesson Brands by 9.1% during the third quarter. JPMorgan Chase & Co. now owns 131,566 shares of the company's stock worth $1,708,000 after acquiring an additional 11,006 shares during the period. 59.33% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Lake Street Capital upgraded Smith & Wesson Brands from a "hold" rating to a "buy" rating and set a $13.00 price objective on the stock in a report on Monday, January 27th. Craig Hallum lowered Smith & Wesson Brands from a "buy" rating to a "hold" rating and cut their price target for the company from $18.00 to $13.00 in a research note on Friday, December 6th.

Smith & Wesson Brands Stock Up 3.0 %

Shares of SWBI traded up $0.32 during mid-day trading on Tuesday, hitting $11.08. The company's stock had a trading volume of 377,775 shares, compared to its average volume of 401,631. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The company's 50-day moving average is $10.40 and its 200-day moving average is $12.29. Smith & Wesson Brands, Inc. has a 52-week low of $9.68 and a 52-week high of $18.05. The firm has a market capitalization of $487.55 million, a price-to-earnings ratio of 14.21 and a beta of 1.02.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.06). The company had revenue of $129.70 million for the quarter, compared to the consensus estimate of $133.53 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. The firm's revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.14 EPS. On average, equities research analysts forecast that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 19th were issued a $0.13 dividend. The ex-dividend date was Thursday, December 19th. This represents a $0.52 dividend on an annualized basis and a yield of 4.69%. Smith & Wesson Brands's dividend payout ratio is presently 66.67%.

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.