Roman Butler Fullerton & Co. Makes New Investment in Smith & Wesson Brands, Inc. $SWBI

Roman Butler Fullerton & Co. purchased a new stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 38,769 shares of the company’s stock, valued at approximately $607,000. Roman Butler Fullerton & Co. owned 0.09% of Smith & Wesson Brands as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new stake in Smith & Wesson Brands during the 4th quarter valued at approximately $30,000. Western Wealth Management LLC purchased a new position in shares of Smith & Wesson Brands in the first quarter worth $34,000. Tower Research Capital LLC TRC lifted its holdings in shares of Smith & Wesson Brands by 205.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock worth $54,000 after buying an additional 4,200 shares in the last quarter. Rafferty Asset Management LLC boosted its position in shares of Smith & Wesson Brands by 12.2% during the second quarter. Rafferty Asset Management LLC now owns 11,403 shares of the company’s stock worth $99,000 after acquiring an additional 1,237 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in shares of Smith & Wesson Brands during the second quarter worth $101,000. 59.33% of the stock is currently owned by hedge funds and other institutional investors.

Smith & Wesson Brands Price Performance

Smith & Wesson Brands stock opened at $14.33 on Monday. The company has a market cap of $642.56 million, a price-to-earnings ratio of 35.83 and a beta of 0.88. The firm’s fifty day moving average is $14.96 and its 200 day moving average is $14.23. The company has a quick ratio of 1.13, a current ratio of 3.20 and a debt-to-equity ratio of 0.14. Smith & Wesson Brands, Inc. has a 52-week low of $7.86 and a 52-week high of $17.56.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings data on Wednesday, June 17th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.23 by $0.13. Smith & Wesson Brands had a net margin of 3.53% and a return on equity of 5.01%. The business had revenue of $178.39 million during the quarter, compared to analyst estimates of $155.27 million. During the same quarter last year, the business earned $0.20 earnings per share. Smith & Wesson Brands’s quarterly revenue was up 26.7% compared to the same quarter last year. Sell-side analysts forecast that Smith & Wesson Brands, Inc. will post 0.55 EPS for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.6%. Smith & Wesson Brands’s dividend payout ratio (DPR) is presently 130.00%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Zacks Research upgraded shares of Smith & Wesson Brands to a “hold” rating in a research note on Tuesday, June 23rd. Weiss Ratings lowered Smith & Wesson Brands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. Finally, Lake Street Capital lifted their target price on Smith & Wesson Brands from $14.00 to $16.50 and gave the stock a “buy” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.50.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.

Founded in 1852 by Horace Smith and Daniel B.