Smith & Wesson Holding Corp. (NASDAQ:SWHC) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $31.19 and last traded at $30.00, with a volume of 1,115,762 shares trading hands. The stock had previously closed at $29.88.

Several equities research analysts have weighed in on the company. 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. Wedbush cut Smith & Wesson Holding Corp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 1st. Cowen and Company upgraded Smith & Wesson Holding Corp. from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $29.00 to $28.00 in a research note on Friday, June 17th. Craig Hallum upgraded Smith & Wesson Holding Corp. from a “hold” rating to a “buy” rating and upped their target price for the stock from $26.00 to $28.00 in a research note on Friday, June 17th. Finally, Wunderlich restated a “buy” rating and set a $32.00 target price on shares of Smith & Wesson Holding Corp. in a research note on Friday, June 17th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.55.

The firm’s 50 day moving average price is $28.46 and its 200-day moving average price is $24.96. The company has a market capitalization of $1.68 billion and a price-to-earnings ratio of 17.8154.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last released its quarterly earnings data on Thursday, June 16th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. During the same period last year, the company earned $0.40 EPS. The business earned $221.10 million during the quarter. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. Analysts anticipate that Smith & Wesson Holding Corp. will post $1.91 EPS for the current fiscal year.

In other news, insider Robert J. Cicero sold 3,716 shares of the business’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $26.00, for a total transaction of $96,616.00. Following the completion of the transaction, the insider now directly owns 32,285 shares in the company, valued at approximately $839,410. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey D. Buchanan sold 58,645 shares of the business’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $27.95, for a total transaction of $1,639,127.75. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised 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 worth $1,076,000 after buying an additional 5,005 shares during the period. Airain ltd raised 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 worth $2,481,000 after buying an additional 14,388 shares during the period. Finally, Morgan Stanley raised 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 worth $26,676,000 after buying an additional 212,399 shares during the period.

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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