Teacher Retirement System of Texas Grows Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Teacher Retirement System of Texas lifted its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 84.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,296 shares of the company's stock after buying an additional 28,556 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.14% of Smith & Wesson Brands worth $630,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of SWBI. Franklin Resources Inc. increased its stake in Smith & Wesson Brands by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 29,249 shares of the company's stock worth $378,000 after buying an additional 1,598 shares during the period. SG Americas Securities LLC increased its position in shares of Smith & Wesson Brands by 11.8% during the fourth quarter. SG Americas Securities LLC now owns 17,795 shares of the company's stock worth $180,000 after acquiring an additional 1,872 shares during the period. Larson Financial Group LLC raised its stake in shares of Smith & Wesson Brands by 19.5% in the fourth quarter. Larson Financial Group LLC now owns 12,161 shares of the company's stock valued at $123,000 after acquiring an additional 1,983 shares in the last quarter. Verity Asset Management Inc. boosted its holdings in Smith & Wesson Brands by 15.7% in the fourth quarter. Verity Asset Management Inc. now owns 16,336 shares of the company's stock valued at $165,000 after purchasing an additional 2,211 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in Smith & Wesson Brands by 238.6% during the 4th quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company's stock worth $50,000 after purchasing an additional 3,476 shares in the last quarter. 59.33% of the stock is currently owned by hedge funds and other institutional investors.

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Smith & Wesson Brands Stock Performance

NASDAQ SWBI traded down $0.34 on Thursday, reaching $9.16. The stock had a trading volume of 157,235 shares, compared to its average volume of 458,639. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97. The stock has a market cap of $403.07 million, a P/E ratio of 11.74 and a beta of 1.09. The business's 50-day moving average price is $10.31 and its 200 day moving average price is $11.52. Smith & Wesson Brands, Inc. has a 12-month low of $9.13 and a 12-month high of $17.99.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued 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. The firm had revenue of $115.89 million during the quarter, compared to analysts' expectations of $119.46 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. As a group, equities analysts expect that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Dividend Announcement

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

Analyst Upgrades and Downgrades

SWBI has been the topic of a number of recent research reports. Lake Street Capital cut their target price on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating on the stock in a research note on Friday, March 7th. Craig Hallum cut shares of Smith & Wesson Brands from a "buy" rating to a "hold" rating and cut their price objective for the stock from $18.00 to $13.00 in a report on Friday, December 6th.

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.