Intech Investment Management LLC Purchases Shares of 12,540 Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Intech Investment Management LLC purchased a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 12,540 shares of the company’s stock, valued at approximately $163,000.

Other hedge funds also recently made changes to their positions in the company. Millennium Management LLC acquired a new stake in Smith & Wesson Brands during the second quarter worth approximately $4,354,000. Marshall Wace LLP bought a new position in Smith & Wesson Brands during the 2nd quarter worth $4,129,000. American Century Companies Inc. increased its stake in Smith & Wesson Brands by 28.3% during the 2nd quarter. American Century Companies Inc. now owns 1,046,287 shares of the company’s stock worth $15,004,000 after acquiring an additional 230,532 shares during the period. Cubist Systematic Strategies LLC raised its holdings in Smith & Wesson Brands by 1,023.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,086 shares of the company’s stock valued at $1,923,000 after acquiring an additional 122,147 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Smith & Wesson Brands by 2.7% during the second quarter. Renaissance Technologies LLC now owns 2,798,009 shares of the company’s stock worth $40,123,000 after purchasing an additional 72,500 shares during the period. 59.33% of the stock is owned by institutional investors and hedge funds.

Smith & Wesson Brands Stock Performance

Shares of Smith & Wesson Brands stock opened at $10.86 on Friday. The stock has a market cap of $487.07 million, a price-to-earnings ratio of 14.68 and a beta of 0.96. The company has a quick ratio of 1.19, a current ratio of 3.54 and a debt-to-equity ratio of 0.28. Smith & Wesson Brands, Inc. has a twelve month low of $10.43 and a twelve month high of $18.05. The company’s fifty day moving average is $13.24 and its 200 day moving average is $14.35.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly 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 firm had revenue of $129.70 million for the quarter, compared to the consensus estimate of $133.53 million. Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS.

Smith & Wesson Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 19th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, December 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.79%. Smith & Wesson Brands’s payout ratio is presently 70.27%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SWBI. Craig Hallum cut shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and decreased their price objective for the company from $18.00 to $13.00 in a research note on Friday. Lake Street Capital lowered shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and cut their target price for the company from $18.00 to $13.00 in a research report on Friday.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.