Smith & Wesson Holding Corp. (NASDAQ:SWHC) saw unusually-high trading volume on Friday . Approximately 3,568,054 shares changed hands during mid-day trading, a decline of 6% from the previous session’s volume of 3,814,468 shares.The stock last traded at $29.31 and had previously closed at $28.29.

SWHC has been the topic of several recent research reports. Zacks Investment Research cut Smith & Wesson Holding Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Craig Hallum raised Smith & Wesson Holding Corp. from a “hold” rating to a “buy” rating and upped their price target for the stock from $26.00 to $28.00 in a research note on Friday, June 17th. BB&T Corp. cut Smith & Wesson Holding Corp. from a “buy” rating to a “hold” rating in a research note on Monday, April 4th. Wedbush cut Smith & Wesson Holding Corp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 1st. Finally, Wunderlich reaffirmed a “buy” rating and issued a $32.00 price target on shares of Smith & Wesson Holding Corp. in a research note on Friday, June 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $26.73.

The company’s 50 day moving average is $24.42 and its 200-day moving average is $23.80. The firm has a market cap of $1.63 billion and a P/E ratio of 17.30.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last issued its earnings results on Thursday, June 16th. The company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.12. During the same period in the previous year, the business posted $0.40 earnings per share. The firm had revenue of $221.10 million for the quarter. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. Equities analysts predict that Smith & Wesson Holding Corp. will post $1.91 EPS for the current fiscal year.

In other Smith & Wesson Holding Corp. news, insider Jeffrey D. Buchanan sold 58,645 shares of Smith & Wesson Holding Corp. stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $27.95, for a total transaction of $1,639,127.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Peter Smith sold 3,876 shares of Smith & Wesson Holding Corp. stock in a transaction on Wednesday, April 27th. The shares were sold at an average price of $22.35, for a total value of $86,628.60. Following the sale, the insider now directly owns 27,166 shares of the company’s stock, valued at $607,160.10. The disclosure for this sale can be found here.

Other large investors have recently modified their holdings of the company. Rhumbline Advisers raised its stake in shares of Smith & Wesson Holding Corp. by 11.4% in the fourth quarter. Rhumbline Advisers now owns 48,955 shares of the company’s stock worth $1,076,000 after buying an additional 5,005 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in Smith & Wesson Holding Corp. during the fourth quarter valued at approximately $1,148,000. Wells Fargo & Company MN raised its position in Smith & Wesson Holding Corp. by 160.9% in the fourth quarter. Wells Fargo & Company MN now owns 104,247 shares of the company’s stock valued at $2,292,000 after buying an additional 64,287 shares during the last quarter. Quantitative Investment Management LLC raised its position in Smith & Wesson Holding Corp. by 166.8% in the fourth quarter. Quantitative Investment Management LLC now owns 121,400 shares of the company’s stock valued at $2,668,000 after buying an additional 75,900 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new position in Smith & Wesson Holding Corp. during the fourth quarter valued at approximately $2,129,000.

Smith & Wesson Holding Corporation is a manufacturer of firearms. The Company manufactures an array of handguns, including revolvers and pistols; long guns, including modern sporting rifles, bolt action rifles, and single shot rifles; handcuffs, and firearm-related products and accessories. The Company operates through two segments: firearms and accessories.

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