Smith & Wesson Holding Corp. (NASDAQ:SWHC) saw strong trading volume on Thursday . 1,101,321 shares were traded during trading, a decline of 13% from the previous session’s volume of 1,265,304 shares.The stock last traded at $29.70 and had previously closed at $29.25.

A number of equities analysts have weighed in on the company. Wunderlich reiterated a “buy” rating and set a $34.00 price objective (up previously from $32.00) on shares of Smith & Wesson Holding Corp. in a research note on Friday, July 15th. Vetr lowered 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 lowered Smith & Wesson Holding Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Cowen and Company upgraded Smith & Wesson Holding Corp. from a “market perform” rating to an “outperform” rating and cut their price target for the company from $29.00 to $28.00 in a research note on Friday, June 17th. Finally, Wedbush lowered Smith & Wesson Holding Corp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 1st. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.55.

The stock has a market cap of $1.67 billion and a P/E ratio of 17.76. The stock has a 50 day moving average of $29.18 and a 200-day moving average of $25.55.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last announced its 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 had revenue of $221.10 million for the quarter. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. On average, equities analysts anticipate that Smith & Wesson Holding Corp. will post $1.91 earnings per share for the current year.

In other news, insider Mark Peter Smith sold 3,645 shares of the stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $23.85, for a total transaction of $86,933.25. Following the completion of the sale, the insider now owns 37,011 shares in the company, valued at $882,712.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Cicero sold 3,716 shares of the stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $26.00, for a total transaction of $96,616.00. Following the sale, the insider now owns 32,285 shares of the company’s stock, valued at approximately $839,410. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Smith & Wesson Holding Corp. stock. Rhumbline Advisers raised its stake in Smith & Wesson Holding Corp. (NASDAQ:SWHC) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,955 shares of the company’s stock after buying an additional 5,005 shares during the period. Rhumbline Advisers owned approximately 0.09% of Smith & Wesson Holding Corp. worth $1,076,000 at the end of the most recent reporting 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.

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.