Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Stake Lowered by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its holdings in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,735,574 shares of the company's stock after selling 138,801 shares during the quarter. Renaissance Technologies LLC owned 6.22% of Smith & Wesson Brands worth $27,643,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Smith & Wesson Brands by 18.0% during the fourth quarter. Bank of New York Mellon Corp now owns 525,374 shares of the company's stock worth $5,309,000 after buying an additional 80,235 shares in the last quarter. Barclays PLC raised its stake in shares of Smith & Wesson Brands by 240.2% during the third quarter. Barclays PLC now owns 80,449 shares of the company's stock valued at $1,046,000 after acquiring an additional 56,800 shares during the last quarter. Raymond James Financial Inc. bought a new position in Smith & Wesson Brands in the fourth quarter worth about $568,000. Counterpoint Mutual Funds LLC bought a new position in Smith & Wesson Brands during the 4th quarter valued at approximately $331,000. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Smith & Wesson Brands by 84.6% during the fourth quarter. Teacher Retirement System of Texas now owns 62,296 shares of the company's stock valued at $630,000 after purchasing an additional 28,556 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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Smith & Wesson Brands Price Performance

Shares of NASDAQ SWBI traded up $0.05 during midday trading on Tuesday, hitting $9.16. The stock had a trading volume of 540,379 shares, compared to its average volume of 477,978. The stock has a 50 day simple moving average of $9.97 and a 200-day simple moving average of $11.22. The company has a market capitalization of $403.07 million, a PE ratio of 11.74 and a beta of 1.09. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. Smith & Wesson Brands, Inc. has a 1 year low of $8.38 and a 1 year high of $17.33.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $119.46 million. On average, sell-side analysts expect that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend was Thursday, March 20th. Smith & Wesson Brands's dividend payout ratio is currently 80.00%.

About Smith & Wesson Brands

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.