Roman Butler Fullerton & Co. Invests $607,000 in Smith & Wesson Brands, Inc. $SWBI

Roman Butler Fullerton & Co. bought a new stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 38,769 shares of the company’s stock, valued at approximately $607,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in Smith & Wesson Brands in the second quarter worth $6,423,000. State of Wyoming purchased a new stake in shares of Smith & Wesson Brands in the second quarter valued at $342,000. GSA Capital Partners LLP purchased a new stake in shares of Smith & Wesson Brands in the second quarter valued at $205,000. Pacer Advisors Inc. bought a new stake in shares of Smith & Wesson Brands in the 1st quarter worth about $2,205,000. Finally, Empowered Funds LLC bought a new stake in shares of Smith & Wesson Brands in the 1st quarter worth about $250,000. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SWBI. Lake Street Capital upped their price target on shares of Smith & Wesson Brands from $14.00 to $16.50 and gave the company a “buy” rating in a report on Thursday, June 18th. Zacks Research upgraded Smith & Wesson Brands to a “hold” rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings lowered Smith & Wesson Brands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Smith & Wesson Brands has an average rating of “Hold” and an average price target of $16.50.

Smith & Wesson Brands Stock Performance

NASDAQ SWBI opened at $14.33 on Monday. The stock has a market cap of $642.56 million, a PE ratio of 35.83 and a beta of 0.88. Smith & Wesson Brands, Inc. has a 12 month low of $7.86 and a 12 month high of $17.56. The company’s 50-day moving average price is $14.96 and its 200-day moving average price is $14.23. The company has a current ratio of 3.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings data on Wednesday, June 17th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.13. The company had revenue of $178.39 million during the quarter, compared to analysts’ expectations of $155.27 million. Smith & Wesson Brands had a net margin of 3.53% and a return on equity of 5.01%. The firm’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 EPS. Equities research analysts forecast that Smith & Wesson Brands, Inc. will post 0.55 earnings per share for the current year.

Smith & Wesson Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a $0.13 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.6%. Smith & Wesson Brands’s payout ratio is presently 130.00%.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.

Founded in 1852 by Horace Smith and Daniel B.