Lazard Asset Management LLC Acquires Shares of 202,832 Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Lazard Asset Management LLC acquired a new stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 202,832 shares of the company's stock, valued at approximately $2,049,000. Lazard Asset Management LLC owned about 0.46% of Smith & Wesson Brands as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. IMG Wealth Management Inc. acquired a new stake in Smith & Wesson Brands in the 4th quarter valued at about $44,000. Jones Financial Companies Lllp increased its stake in shares of Smith & Wesson Brands by 238.6% in the fourth quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company's stock worth $50,000 after acquiring an additional 3,476 shares during the last quarter. Caption Management LLC acquired a new stake in shares of Smith & Wesson Brands during the 4th quarter valued at about $51,000. Headlands Technologies LLC grew its position in Smith & Wesson Brands by 45.5% in the fourth quarter. Headlands Technologies LLC now owns 5,971 shares of the company's stock worth $60,000 after acquiring an additional 1,867 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new position in Smith & Wesson Brands during the fourth quarter valued at about $81,000. Institutional investors and hedge funds own 59.33% of the company's stock.

Smith & Wesson Brands Trading Up 0.1%

Shares of NASDAQ:SWBI traded up $0.01 during trading on Tuesday, hitting $9.76. 253,593 shares of the company's stock were exchanged, compared to its average volume of 492,350. Smith & Wesson Brands, Inc. has a 1-year low of $8.38 and a 1-year high of $16.89. The firm has a market cap of $429.47 million, a P/E ratio of 12.51 and a beta of 1.09. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $9.39 and a two-hundred day moving average price of $10.59.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.02 EPS for the quarter, hitting analysts' consensus estimates of $0.02. The company had revenue of $115.89 million for the quarter, compared to analyst estimates of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. Equities analysts predict that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.52 dividend on an annualized basis and a yield of 5.33%. Smith & Wesson Brands's dividend payout ratio (DPR) is presently 80.00%.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital reduced their price target on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating for the company in a report on Friday, March 7th.

About Smith & Wesson Brands

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.