Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 3.93MM shares of Smith & Wesson Brands Inc (SWBI). This represents 8.6% of the company.
In their previous filing dated February 7, 2022 they reported 3.75MM shares and 7.80% of the company, an increase in shares of 4.75% and an increase in total ownership of 0.80% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 36.66% Upside
As of February 2, 2023, the average one-year price target for Smith & Wesson Brands is $15.47. The forecasts range from a low of $12.12 to a high of $21.00. The average price target represents an increase of 36.66% from its latest reported closing price of $11.32.
The projected annual revenue for Smith & Wesson Brands is $476MM, a decrease of 15.69%. The projected annual EPS is $0.82, a decrease of 52.49%.
Fund Sentiment
There are 425 funds or institutions reporting positions in Smith & Wesson Brands. This is a decrease of 30 owner(s) or 6.59%.
Average portfolio weight of all funds dedicated to US:SWBI is 0.0647%, a decrease of 3.4360%. Total shares owned by institutions decreased in the last three months by 0.08% to 31,009K shares.
What are large shareholders doing?
Renaissance Technologies holds 2,710,477 shares representing 5.91% ownership of the company. In it's prior filing, the firm reported owning 2,919,277 shares, representing a decrease of 7.70%. The firm decreased its portfolio allocation in SWBI by 12.37% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,336,107 shares representing 2.91% ownership of the company. In it's prior filing, the firm reported owning 1,335,687 shares, representing an increase of 0.03%. The firm decreased its portfolio allocation in SWBI by 17.65% over the last quarter.
IWM - iShares Russell 2000 ETF holds 998,731 shares representing 2.18% ownership of the company. In it's prior filing, the firm reported owning 1,012,087 shares, representing a decrease of 1.34%. The firm decreased its portfolio allocation in SWBI by 15.59% over the last quarter.
Geode Capital Management holds 852,123 shares representing 1.86% ownership of the company. In it's prior filing, the firm reported owning 831,778 shares, representing an increase of 2.39%. The firm decreased its portfolio allocation in SWBI by 16.22% over the last quarter.
Punch Card Management holds 840,038 shares representing 1.83% ownership of the company. In it's prior filing, the firm reported owning 524,000 shares, representing an increase of 37.62%. The firm increased its portfolio allocation in SWBI by 35.89% over the last quarter.
Smith & Wesson Brands Declares $0.10 Dividend
Smith & Wesson Brands said on December 6, 2022 that its board of directors declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of December 19, 2022 received the payment on January 3, 2023. Previously, the company paid $0.10 per share.
At the current share price of $11.32 / share, the stock's dividend yield is 3.53%. Looking back five years and taking a sample every week, the average dividend yield has been 1.94%, the lowest has been 0.90%, and the highest has been 4.77%. The standard deviation of yields is 0.97 (n=112).
The current dividend yield is 1.65 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.23. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
Smith & Wesson Brands Background Information
(This description is provided by the company.)
Smith & Wesson Brands, Inc. is a U.S.-based leader in firearm manufacturing and design, delivering a broad portfolio of quality handgun, long gun, and suppressor products to the global consumer and professional markets under the iconic Smith & Wesson®, M&P®, Thompson/Center Arms™, and Gemtech® brands. The company also provides manufacturing services, including forging, machining, and precision plastic injection molding services.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
