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

SWHC has been the subject of several analyst reports. Zacks Investment Research cut shares of Smith & Wesson Holding Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Craig Hallum upgraded shares of Smith & Wesson Holding Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $28.00 in a research note on Friday, June 17th. Wedbush cut shares of Smith & Wesson Holding Corp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 1st. Wunderlich reiterated a “buy” rating and issued a $32.00 price objective on shares of Smith & Wesson Holding Corp. in a research note on Friday, June 17th. Finally, Vetr cut shares of 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. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $27.55.

The company has a market cap of $1.66 billion and a P/E ratio of 17.67. The stock’s 50 day moving average is $28.71 and its 200 day moving average is $25.06.

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

In other Smith & Wesson Holding Corp. news, Director John B. Furman sold 19,679 shares of the company’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $29.75, for a total transaction of $585,450.25. Following the sale, the director now directly owns 36,975 shares of the company’s stock, valued at $1,100,006.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John B. Furman sold 38,921 shares of the company’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $29.75, for a total transaction of $1,157,899.75. Following the sale, the director now directly owns 13,975 shares in the company, valued at $415,756.25. The disclosure for this sale can be found here.

Other large investors have added to or reduced their stakes in the company. Rhumbline Advisers increased its stake 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 period. Airain ltd increased its stake 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 period. Finally, Morgan Stanley increased its stake 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 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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