The stock of Smith & Wesson Holding Corp (NASDAQ:SWHC) is a huge mover today! About 1.21M shares traded hands. Smith & Wesson Holding Corp (NASDAQ:SWHC) has risen 4.41% since April 14, 2016 and is uptrending. It has underperformed by 0.27% the S&P500.
The move comes after 7 months positive chart setup for the $1.34B company. It was reported on Nov, 16 by Barchart.com. We have $32.73 PT which if reached, will make NASDAQ:SWHC worth $509.20M more.
Smith & Wesson Holding Corp (NASDAQ:SWHC) Ratings Coverage
Out of 9 analysts covering Smith & Wesson Holding Corp (NASDAQ:SWHC), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Smith & Wesson Holding Corp has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, September 2 by Wunderlich. The rating was upgraded by BB&T Capital on Tuesday, January 5 to “Buy”. Craig Hallum downgraded the shares of SWHC in a report on Friday, September 2 to “Hold” rating. The stock of Smith & Wesson Holding Corp (NASDAQ:SWHC) earned “Hold” rating by BB&T Capital on Friday, July 24. The stock has “Outperform” rating given by Cowen & Co on Saturday, August 29. Wunderlich maintained the shares of SWHC in a report on Friday, June 17 with “Buy” rating. As per Wednesday, December 9, the company rating was maintained by Wunderlich. The stock of Smith & Wesson Holding Corp (NASDAQ:SWHC) earned “Buy” rating by Wunderlich on Tuesday, January 5. The stock has “Neutral” rating given by Wedbush on Wednesday, January 6. Wunderlich downgraded the stock to “Hold” rating in Thursday, October 6 report.
According to Zacks Investment Research, “Smith & Wesson Holding Corporation is one of the world’s leading producers of quality handguns, law enforcement products and firearm safety and security products. Law enforcement personnel, military personnel, target shooters, hunters, collectors and firearms enthusiasts throughout the world have used the company’s products with confidence for 150 years. Smith & Wesson Corp. also manufactures and markets Smith & Wesson branded handcuffs and other products utilizing its metal working expertise and providing products and services to many external customers.”
Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.24, from 1.35 in 2016Q1. The ratio worsened, as 40 funds sold all Smith & Wesson Holding Corp shares owned while 55 reduced positions. 31 funds bought stakes while 74 increased positions. They now own 36.64 million shares or 18.43% less from 44.91 million shares in 2016Q1.
Peconic Limited Com has invested 0.05% of its portfolio in Smith & Wesson Holding Corp (NASDAQ:SWHC). Manufacturers Life The last reported 36,699 shares in the company. Alps Advsr reported 14,130 shares or 0% of all its holdings. Schwab Charles Inv Management Incorporated reported 371,782 shares or 0.01% of all its holdings. Allianz Asset Mgmt Ag holds 0% or 214,286 shares in its portfolio. Meeder Asset accumulated 5,598 shares or 0.01% of the stock. Geode Cap Mgmt Limited Liability Corp has invested 0.01% of its portfolio in Smith & Wesson Holding Corp (NASDAQ:SWHC). Signaturefd Ltd Liability Corp reported 500 shares or 0% of all its holdings. The Wisconsin-based Convergence Ptnrs Ltd Liability Corp has invested 0.33% in Smith & Wesson Holding Corp (NASDAQ:SWHC). Guardian Invest Mgmt accumulated 15,000 shares or 0.45% of the stock. Cap One National Association accumulated 312,500 shares or 0.7% of the stock. Winch Advisory Service last reported 0.11% of its portfolio in the stock. The New York-based D E Shaw And has invested 0.01% in Smith & Wesson Holding Corp (NASDAQ:SWHC). Van Hulzen Asset Mgmt Ltd Liability reported 5,115 shares or 0.08% of all its holdings. Tudor Investment Et Al holds 0.03% or 57,164 shares in its portfolio.
Insider Transactions: Since June 30, 2016, the stock had 0 insider buys, and 8 selling transactions for $6.24 million net activity. 6,500 shares were sold by WADECKI ISABELL MARIE, worth $185,250 on Tuesday, November 8. 58,645 Smith & Wesson Holding Corp (NASDAQ:SWHC) shares with value of $1.64M were sold by BUCHANAN JEFFREY D. SALTZ MITCHELL A sold 3,000 shares worth $76,050. Another trade for 38,921 shares valued at $1.16 million was sold by FURMAN JOHN B. Shares for $582,231 were sold by Smith Mark Peter on Thursday, June 30. 20,386 shares were sold by Cicero Robert J., worth $551,853. Golden Michael F sold $1.46 million worth of Smith & Wesson Holding Corp (NASDAQ:SWHC) on Friday, November 4.
More notable recent Smith & Wesson Holding Corp (NASDAQ:SWHC) news were published by: Investorplace.com which released: “Smith & Wesson Holding Corp (SWHC) Will Scare the Bears” on November 14, 2016, also Fool.com with their article: “This Analyst Just Gave Smith & Wesson Holding Corp Investors a Huge Opportunity” published on October 12, 2016, Fool.com published: “How Risky Is Smith & Wesson Holding Corp Stock?” on August 24, 2016. More interesting news about Smith & Wesson Holding Corp (NASDAQ:SWHC) were released by: Fool.com and their article: “Forget Smith & Wesson Holding Corp.: These 2 Stocks Are Better Buys” published on August 29, 2016 as well as Fool.com‘s news article titled: “Smith & Wesson Holding Corp. Just Shot Out the Lights” with publication date: June 17, 2016.
SWHC Company Profile
Smith & Wesson Holding Corporation, incorporated on June 17, 1991, is a maker of firearms and a well-known provider of accessory products for the shooting, hunting and rugged outdoor enthusiast. The Firm operates through two divisions: firearms and accessories. The firearm segment consists of services and products manufactured and sold from its Springfield, Massachusetts; Houlton, Maine, and Deep River, Connecticut facilities, which include firearms, handcuffs and other related products sold through a distribution chain and direct sales to clients and international, state and federal governments. The accessories segment consists of shooting, hunting and outdoor accessories developed and marketed from its Columbia, Missouri facility. The Firm makes 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 Firm also provides shooting, hunting and outdoor accessories, including reloading, gunsmithing, gun cleaning supplies, tree saws and vault accessories. The Firm sells its products under the Smith & Wesson, M&P, Thompson/Center Arms, Caldwell Shooting Supplies, Wheeler Engineering, Tipton Gun Cleaning Supplies, Frankford Arsenal Reloading Tools, Lockdown Vault Accessories, Hooyman Premium Tree Saws, BOG-POD and Golden Rod Moisture Control brands.
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