Smith & Wesson Brands, Inc. (SWBI) to Distribute Quarterly Dividend of $0.13 on October 1st

Smith & Wesson Brands, Inc. (NASDAQ:SWBIGet Free Report) declared a quarterly dividend on Thursday, September 3rd. Investors of record on Thursday, September 17th will be paid a dividend of 0.13 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Thursday, September 17th.

Smith & Wesson Brands has decreased its dividend by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 4 consecutive years.

Smith & Wesson Brands Stock Up 5.1%

Shares of NASDAQ:SWBI opened at $12.89 on Friday. The company has a 50 day moving average price of $14.42 and a two-hundred day moving average price of $14.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 3.20. The company has a market capitalization of $577.99 million, a PE ratio of 23.87 and a beta of 0.86. Smith & Wesson Brands has a 52 week low of $8.05 and a 52 week high of $17.56.

Smith & Wesson Brands (NASDAQ:SWBIGet Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.12. Smith & Wesson Brands had a net margin of 4.44% and a return on equity of 6.63%. The company had revenue of $129.37 million for the quarter, compared to analysts’ expectations of $98.70 million. During the same period last year, the firm posted ($0.08) earnings per share. The business’s quarterly revenue was up 32.3% compared to the same quarter last year. Analysts forecast that Smith & Wesson Brands will post 0.55 earnings per share for the current year.

Institutional Trading of Smith & Wesson Brands

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in shares of Smith & Wesson Brands by 25.3% in the first quarter. Royal Bank of Canada now owns 41,063 shares of the company’s stock valued at $383,000 after purchasing an additional 8,290 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Smith & Wesson Brands by 41.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 712,708 shares of the company’s stock valued at $6,642,000 after acquiring an additional 208,739 shares in the last quarter. Creative Planning lifted its position in shares of Smith & Wesson Brands by 136.2% during the 2nd quarter. Creative Planning now owns 29,387 shares of the company’s stock valued at $255,000 after acquiring an additional 16,943 shares during the period. Legal & General Group Plc lifted its position in Smith & Wesson Brands by 10.3% during the second quarter. Legal & General Group Plc now owns 47,630 shares of the company’s stock worth $413,000 after purchasing an additional 4,431 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Smith & Wesson Brands during the second quarter worth about $190,000. 59.33% of the stock is currently owned by institutional investors and hedge funds.

About Smith & Wesson Brands

(Get Free Report)

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.

Further Reading

Dividend History for Smith & Wesson Brands (NASDAQ:SWBI)

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