Smith & Wesson Holding Corp. (NASDAQ:SWHC) shares traded up 1.8% during trading on Monday . The stock traded as high as $29.36 and last traded at $29.16, with a volume of 1,224,647 shares. The stock had previously closed at $28.65.

Several research analysts have commented on the company. Wunderlich reissued a “buy” rating and set a $34.00 target price (up previously from $32.00) on shares of Smith & Wesson Holding Corp. in a research note on Friday, July 15th. Vetr downgraded Smith & Wesson Holding Corp. from a “strong-buy” rating to a “buy” rating and set a $28.00 price objective for the company. in a research note on Wednesday, June 22nd. Zacks Investment Research downgraded Smith & Wesson Holding Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 10th. BB&T Corp. downgraded Smith & Wesson Holding Corp. from a “buy” rating to a “hold” rating in a research note on Monday, April 4th. Finally, Cowen and Company raised Smith & Wesson Holding Corp. from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $29.00 to $28.00 in a research note on Friday, June 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.91.

The company has a market cap of $1.64 billion and a price-to-earnings ratio of 17.48. The company’s 50 day moving average is $25.76 and its 200 day moving average is $24.24.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last issued its quarterly earnings results on Thursday, June 16th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.12. The business earned $221.10 million during the quarter. During the same quarter last year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, equities analysts predict that Smith & Wesson Holding Corp. will post $1.89 EPS for the current fiscal year.

In other news, insider Mark Peter Smith sold 3,645 shares of the stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $23.85, for a total value of $86,933.25. Following the sale, the insider now directly owns 37,011 shares in the company, valued at $882,712.35. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey D. Buchanan sold 58,645 shares of the stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $27.95, for a total value of $1,639,127.75. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in Smith & Wesson Holding Corp. by 11.4% in the fourth quarter. Rhumbline Advisers now owns 48,955 shares of the company’s stock valued at $1,076,000 after buying an additional 5,005 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Smith & Wesson Holding Corp. during the fourth quarter valued at approximately $1,148,000. Airain ltd increased its position in Smith & Wesson Holding Corp. by 14.6% in the fourth quarter. Airain ltd now owns 112,893 shares of the company’s stock valued at $2,481,000 after buying an additional 14,388 shares during the last quarter. Finally, Morgan Stanley increased its position in Smith & Wesson Holding Corp. by 21.2% in the fourth quarter. Morgan Stanley now owns 1,213,633 shares of the company’s stock valued at $26,676,000 after buying an additional 212,399 shares during the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.