Smith & Wesson Holding Corp (SWHC) : Eubel Brady Suttman Asset Management Inc reduced its stake in Smith & Wesson Holding Corp by 0.73% during the most recent quarter end. The investment management company now holds a total of 392,246 shares of Smith & Wesson Holding Corp which is valued at $11,641,861 after selling 2,888 shares in Smith & Wesson Holding Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Smith & Wesson Holding Corp makes up approximately 3.94% of Eubel Brady Suttman Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Spark Investment Management sold out all of its stake in SWHC during the most recent quarter. The investment firm sold 42,100 shares of SWHC which is valued $1,249,528.Acadian Asset Management reduced its stake in SWHC by selling 1,575,401 shares or 83.6% in the most recent quarter. The Hedge Fund company now holds 309,047 shares of SWHC which is valued at $8,878,920. Smith & Wesson Holding Corp makes up approx 0.04% of Acadian Asset Management’s portfolio. Cribstone Capital Management added SWHC to its portfolio by purchasing 130 company shares during the most recent quarter which is valued at $3,735.
Smith & Wesson Holding Corp opened for trading at $28.91 and hit $29.82 on the upside on Monday, eventually ending the session at $29.43, with a gain of 2.05% or 0.59 points. The heightened volatility saw the trading volume jump to 19,00,335 shares. Company has a market cap of $1,648 M.
On the company’s financial health, Smith & Wesson Holding Corp reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jun 16, 2016. Analyst had a consensus of $0.54. The company had revenue of $221.12 million for the quarter, compared to analysts expectations of $214.54 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
Many Wall Street Analysts have commented on Smith & Wesson Holding Corp. Company shares were Reiterated by Craig Hallum on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Company shares were Reiterated by Wunderlich on Jul 18, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .Company shares were Upgraded by Craig Hallum on Jun 17, 2016 to ” Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .
Smith & Wesson Holding Corporation is a manufacturer of firearms. The Company manufactures an array of handguns including revolvers and pistols; long guns including modern sporting rifles bolt action rifles and single shot rifles; handcuffs and firearm-related products and accessories. The Company operates through two segments: firearms and accessories. The firearm segment consists of products and services manufactured and sold from its Springfield Massachusetts; Houlton Maine and Deep River Connecticut facilities which includes firearms handcuffs and other related products. The Company sells the products through a distribution chain and direct sales to consumers and international state and federal Governments. The accessories segment consists of hunting and shooting accessories developed and marketed from its Columbia Missouri facility. The Company also provides shooting reloading gunsmithing and gun cleaning supplies.