Smith & Wesson Holding Corp. (NASDAQ:SWHC) gapped up prior to trading on Monday . The stock had previously closed at $27.06, but opened at $27.33. Smith & Wesson Holding Corp. shares last traded at $28.04, with a volume of 1,189,248 shares traded.

Several research firms recently commented on SWHC. Vetr upgraded Smith & Wesson Holding Corp. from a “buy” rating to a “strong-buy” rating and set a $31.72 price objective for the company in a report on Tuesday, September 6th. Craig Hallum began coverage on Smith & Wesson Holding Corp. in a research report on Monday, September 5th. They issued a “hold” rating on the stock. Wedbush reissued a “neutral” rating and issued a $32.00 target price (up from $29.00) on shares of Smith & Wesson Holding Corp. in a research report on Sunday, September 4th. Cowen and Company reissued an “outperform” rating and issued a $34.00 target price on shares of Smith & Wesson Holding Corp. in a research report on Sunday, September 4th. Finally, Wunderlich raised their target price on Smith & Wesson Holding Corp. from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Saturday, September 3rd. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $29.97.

The company has a market cap of $1.55 billion, a PE ratio of 13.84 and a beta of 1.13. The firm’s 50-day moving average price is $28.66 and its 200-day moving average price is $26.08.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last issued its quarterly earnings data on Thursday, September 1st. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. The firm earned $207 million during the quarter. Smith & Wesson Holding Corp. had a return on equity of 42.17% and a net margin of 14.34%. The company’s revenue for the quarter was up 40.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share. Equities analysts predict that Smith & Wesson Holding Corp. will post $2.48 earnings per share for the current year.

In related news, insider Robert J. Cicero sold 20,386 shares of the company’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $27.07, for a total transaction of $551,849.02. Following the transaction, the insider now directly owns 70,785 shares of the company’s stock, valued at approximately $1,916,149.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert J. Cicero sold 3,716 shares of the company’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $26.00, for a total value of $96,616.00. Following the transaction, the insider now directly owns 32,285 shares in the company, valued at $839,410. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Seven Eight Capital LLC acquired a new position in shares of Smith & Wesson Holding Corp. during the second quarter valued at about $110,000. BlackRock Japan Co. Ltd acquired a new position in shares of Smith & Wesson Holding Corp. during the second quarter valued at about $124,000. BlackRock Inc. raised its position in shares of Smith & Wesson Holding Corp. by 208.7% in the first quarter. BlackRock Inc. now owns 4,745 shares of the company’s stock valued at $126,000 after buying an additional 3,208 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of Smith & Wesson Holding Corp. during the second quarter valued at about $128,000. Finally, Perigon Wealth Management LLC acquired a new position in shares of Smith & Wesson Holding Corp. during the second quarter valued at about $134,000. 69.27% of the stock is currently owned by institutional investors.

Smith & Wesson Holding Corp. Company Profile

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.

5 Day Chart for NASDAQ:SWHC

Receive News & Ratings for Smith & Wesson Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith & Wesson Holding Corp. and related companies with MarketBeat.com's FREE daily email newsletter.