Roman Butler Fullerton & Co. Sells 1,665 Shares of Smith & Wesson Brands, Inc. $SWBI

Roman Butler Fullerton & Co. decreased its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,623 shares of the company’s stock after selling 1,665 shares during the quarter. Roman Butler Fullerton & Co. owned approximately 0.10% of Smith & Wesson Brands worth $369,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SWBI. Teacher Retirement System of Texas raised its position in shares of Smith & Wesson Brands by 43.2% during the first quarter. Teacher Retirement System of Texas now owns 89,197 shares of the company’s stock worth $831,000 after acquiring an additional 26,901 shares during the last quarter. Aviance Capital Partners LLC raised its position in shares of Smith & Wesson Brands by 31.4% during the first quarter. Aviance Capital Partners LLC now owns 133,059 shares of the company’s stock worth $1,240,000 after acquiring an additional 31,776 shares during the last quarter. Avantax Planning Partners Inc. bought a new stake in shares of Smith & Wesson Brands during the first quarter worth $181,000. Forum Financial Management LP bought a new stake in shares of Smith & Wesson Brands during the first quarter worth $106,000. Finally, Private Advisor Group LLC raised its position in shares of Smith & Wesson Brands by 46.2% during the first quarter. Private Advisor Group LLC now owns 39,234 shares of the company’s stock worth $366,000 after acquiring an additional 12,407 shares during the last quarter. Institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Stock Up 2.0%

Shares of Smith & Wesson Brands stock opened at $10.09 on Friday. The company has a quick ratio of 1.37, a current ratio of 5.21 and a debt-to-equity ratio of 0.35. Smith & Wesson Brands, Inc. has a 12 month low of $7.73 and a 12 month high of $14.20. The business has a fifty day simple moving average of $9.21 and a 200 day simple moving average of $9.12. The stock has a market cap of $447.39 million, a PE ratio of 42.04 and a beta of 0.94.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings data on Thursday, September 4th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. Smith & Wesson Brands had a return on equity of 3.10% and a net margin of 2.34%.The business had revenue of $85.08 million during the quarter, compared to analysts’ expectations of $79.23 million. During the same period in the previous year, the firm earned ($0.02) earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. Research analysts predict that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.

Smith & Wesson Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 18th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Thursday, September 18th. Smith & Wesson Brands’s payout ratio is presently 216.67%.

Wall Street Analyst Weigh In

SWBI has been the subject of a number of recent research reports. Zacks Research upgraded Smith & Wesson Brands from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Smith & Wesson Brands in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Smith & Wesson Brands from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.00.

Smith & Wesson Brands Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.