Nuveen LLC Makes New Investment in Smith & Wesson Brands, Inc. $SWBI

Key Points

• Nuveen LLC has made a new investment of approximately $1.20 million in Smith & Wesson Brands, acquiring 128,667 shares, which represents about 0.29% ownership.
• Smith & Wesson Brands recently reported a missed earnings estimate for the quarter, with a net margin of 2.60% and revenue down 11.6% compared to the previous year.
• The company's dividend announcement includes a quarterly dividend of $0.13 per share, which translates to an annual yield of 6.4% despite a high dividend payout ratio of 192.59%.

Nuveen LLC bought a new position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 128,667 shares of the company's stock, valued at approximately $1,199,000. Nuveen LLC owned about 0.29% of Smith & Wesson Brands as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Smith & Wesson Brands by 34.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 102,441 shares of the company's stock worth $1,035,000 after acquiring an additional 26,086 shares during the last quarter. Millennium Management LLC bought a new position in shares of Smith & Wesson Brands during the 4th quarter valued at about $501,000. Teacher Retirement System of Texas increased its position in shares of Smith & Wesson Brands by 43.2% during the 1st quarter. Teacher Retirement System of Texas now owns 89,197 shares of the company's stock valued at $831,000 after purchasing an additional 26,901 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Smith & Wesson Brands during the 4th quarter valued at about $568,000. Finally, ProShare Advisors LLC bought a new position in shares of Smith & Wesson Brands during the 4th quarter valued at about $128,000. 59.33% of the stock is currently owned by institutional investors.

Smith & Wesson Brands Trading Up 6.5%

SWBI traded up $0.53 on Friday, hitting $8.74. 3,112,951 shares of the company were exchanged, compared to its average volume of 659,970. The firm has a fifty day simple moving average of $8.24 and a two-hundred day simple moving average of $9.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.31 and a current ratio of 4.16. Smith & Wesson Brands, Inc. has a 12 month low of $7.73 and a 12 month high of $14.20. The stock has a market capitalization of $384.56 million, a PE ratio of 36.42 and a beta of 0.95.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $79.23 million. During the same period last year, the company earned ($0.02) EPS. Smith & Wesson Brands's revenue for the quarter was down 3.7% compared to the same quarter last year. Sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 18th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 5.9%. The ex-dividend date is Thursday, September 18th. Smith & Wesson Brands's dividend payout ratio (DPR) is presently 192.59%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SWBI. Wall Street Zen upgraded Smith & Wesson Brands from a "sell" rating to a "hold" rating in a research report on Friday. Zacks Research upgraded Smith & Wesson Brands from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 26th. Finally, Lake Street Capital reduced their price objective on Smith & Wesson Brands from $12.50 to $11.00 and set a "buy" rating on the stock in a research report on Monday, June 23rd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.