150,685 Shares in Smith & Wesson Brands, Inc. $SWBI Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) in the second quarter, Holdings Channel reports. The fund acquired 150,685 shares of the company’s stock, valued at approximately $2,266,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in shares of Smith & Wesson Brands during the 2nd quarter worth approximately $27,000. Western Wealth Management LLC purchased a new position in shares of Smith & Wesson Brands in the 1st quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Smith & Wesson Brands in the fourth quarter valued at approximately $30,000. Quantbot Technologies LP bought a new position in shares of Smith & Wesson Brands in the second quarter valued at approximately $65,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Smith & Wesson Brands by 205.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock valued at $54,000 after acquiring an additional 4,200 shares during the last quarter. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Trading Down 2.2%

Shares of SWBI opened at $12.78 on Friday. Smith & Wesson Brands, Inc. has a fifty-two week low of $8.01 and a fifty-two week high of $17.56. The business has a 50-day moving average of $14.75 and a 200 day moving average of $14.38. The firm has a market cap of $573.06 million, a P/E ratio of 31.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 3.20.

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

Smith & Wesson Brands Announces Dividend

The firm also recently disclosed 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 of this dividend was Wednesday, July 1st. This represents a $0.52 annualized dividend and a yield of 4.1%. Smith & Wesson Brands’s dividend payout ratio (DPR) is 130.00%.

Analyst Ratings Changes

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

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.