UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 12,695 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 14.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 76,355 shares of the company’s stock after selling 12,695 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Smith & Wesson Brands were worth $991,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Renaissance Technologies LLC boosted its position in Smith & Wesson Brands by 2.7% during the second quarter. Renaissance Technologies LLC now owns 2,798,009 shares of the company’s stock valued at $40,123,000 after purchasing an additional 72,500 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Smith & Wesson Brands by 28.3% during the 2nd quarter. American Century Companies Inc. now owns 1,046,287 shares of the company’s stock worth $15,004,000 after acquiring an additional 230,532 shares during the period. Millennium Management LLC acquired a new position in shares of Smith & Wesson Brands during the 2nd quarter worth approximately $4,354,000. Marshall Wace LLP bought a new position in Smith & Wesson Brands during the second quarter worth $4,129,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of Smith & Wesson Brands by 1,023.1% in the second quarter. Cubist Systematic Strategies LLC now owns 134,086 shares of the company’s stock valued at $1,923,000 after purchasing an additional 122,147 shares during the period. Institutional investors own 59.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SWBI shares. Craig Hallum cut shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and lowered their price target for the company from $18.00 to $13.00 in a report on Friday, December 6th. Lake Street Capital lowered Smith & Wesson Brands from a “buy” rating to a “hold” rating and decreased their price objective for the company from $18.00 to $13.00 in a report on Friday, December 6th.

Smith & Wesson Brands Stock Performance

NASDAQ SWBI opened at $10.63 on Thursday. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $467.75 million, a P/E ratio of 13.63 and a beta of 0.96. The firm has a 50-day moving average price of $12.90 and a two-hundred day moving average price of $14.01. Smith & Wesson Brands, Inc. has a 12-month low of $10.43 and a 12-month high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). The company had revenue of $129.70 million during the quarter, compared to analyst estimates of $133.53 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. Smith & Wesson Brands’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. Analysts anticipate that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $0.52 dividend on an annualized basis and a yield of 4.89%. Smith & Wesson Brands’s payout ratio is 66.67%.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.