4,344 Shares in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Acquired by IMG Wealth Management Inc.

IMG Wealth Management Inc. purchased a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 4,344 shares of the company’s stock, valued at approximately $44,000.

Other large investors have also bought and sold shares of the company. Franklin Resources Inc. grew its position 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 acquiring an additional 1,598 shares during the last quarter. Barclays PLC grew its position in Smith & Wesson Brands by 240.2% during the 3rd quarter. Barclays PLC now owns 80,449 shares of the company’s stock worth $1,046,000 after acquiring an additional 56,800 shares during the last quarter. Geode Capital Management LLC grew its position in Smith & Wesson Brands by 0.7% during 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 during the last quarter. Sanctuary Advisors LLC bought a new stake in Smith & Wesson Brands during the 4th quarter worth approximately $114,000. Finally, Private Advisor Group LLC bought a new stake in Smith & Wesson Brands during the 4th quarter worth approximately $271,000. 59.33% of the stock is currently owned by institutional investors.

Smith & Wesson Brands Stock Down 1.9 %

Shares of SWBI opened at $9.85 on Tuesday. The firm has a market capitalization of $433.43 million, a price-to-earnings ratio of 12.63 and a beta of 1.09. 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 business’s fifty day moving average price is $10.47 and its two-hundred day moving average price is $11.84. Smith & Wesson Brands, Inc. has a 52 week low of $9.17 and a 52 week high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $115.89 million for the quarter, compared to analyst estimates of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. On average, analysts predict 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 given a $0.13 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.52 annualized dividend and a dividend yield of 5.28%. Smith & Wesson Brands’s dividend payout ratio is currently 80.00%.

Analyst Ratings Changes

A number of research firms recently commented on SWBI. Lake Street Capital decreased their price target on Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating on the stock in a research report on Friday, March 7th. Craig Hallum lowered 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 report on Friday, December 6th.

Smith & Wesson Brands 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.