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Smith & Wesson Holding Corporation (SWHC)

  • Jan. 16, 2013, 12:46 PM
    Sturm, Ruger (RGR +3.7%), Cabelas (CAB +5.6%), and Smith & Wesson (SWHC +2.6%) trade higher after President Obama signs 23 executive orders on gun control limits which come in addition to the laws the administration is pushing Congress to pass. While there is little question the companies will post stellar earnings in Q1, the debate focuses now on how long the demand rush will last or what will be the whipsaw action if the NRA helps blocks some of the pending legislation.
  • Jan. 11, 2013, 10:30 AM
    Finding overlapping viewpoints from the gun control lobby and the NRA is exceedingly difficult, but one area that stands a fighting chance of seeing some compromised reform could be rules (federal and local) governing gun shows and background checks. Though the NRA won't say publicly it endorses tighter rules, analysts speculate that behind closed doors the issue could be on the table.
  • Jan. 10, 2013, 7:05 AM
    The California State Teachers Retirement System says it will sell all its shares in gun sellers such as Smith & Wesson (SWHC), Freedom Group, and Sturm Ruger (RGR). In an unanimous vote, a committee for the teachers fund approved a measure to divest the $12M in gun stock investments.
  • Jan. 9, 2013, 9:31 AM
    While the impassioned rhetoric over gun control shows little signs of calming down, reports continue to pile in on record sales (I, II, III). Sturm Ruger (RGR) and Smith & Wesson (SWHC) could face a supply shortage due to the huge rush, but it's an issue which many companies wish they could face. The long view on the gun sellers is that some risk to sales should be factored in by investors.
  • Jan. 2, 2013, 2:10 PM
    The FBI reports it conducted a record number of background checks for consumers wishing to purchase a firearm in December as the number of checks almost hit 2.8M for the month. While the demand surge is positive for Sturm Ruger (RGR +0.1%), Smith & Wesson (SWHC +1.8%), and Cabela's (CAB +1.9%) - KeyBanc is out with a note warning that the current high level of demand for guns is unsustainable over the course of the year.
  • Dec. 27, 2012, 9:20 AM
    Smith & Wesson (SWHC) authorizes another $15M of purchases after announcing a $20M stock buyback effort to run through June 30 as part of its FQ2 report three weeks ago. The gun maker says it spent that $20M, and the additional $15M in purchases will have the same June 30 deadline. SWHC +2.5% premarket.
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  • Dec. 20, 2012, 3:28 AM
    Joe Biden and other cabinet members are due to meet with law-enforcement leaders today to discuss gun policy after President Obama yesterday pledged to tighten control following the school massacre last week and put the Vice President in charge of an effort to formulate new laws. Proposals could include bans on the sale of assault weapons and compulsory background checks on gun buyers. SWHC and RGR are among the tickers on watch at the moment.
  • Dec. 19, 2012, 8:42 PM
    In the wake of the recent school tragedy in Connecticut, California Treasurer Bill Lockyer is proposing that CalPERS and CalSTRS, the state's two public pension funds, divest themselves of gun makers. "I want BlackRock (BLK), I want Credit Suisse (CS), I want everyone else to know that we're going to use our economic leverage if it's up to me, and I hope other private investors will do the same thing," Lockyer says. "They (the gun-makers) ought to feel the economic consequences of their bad behavior."
  • Dec. 19, 2012, 7:59 AM
    Cowen downgrades Smith & Wesson (SWHC) to Neutral from Outperform. SWHC +2% premarket, after falling close to 19% since the school shooting on Friday.
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  • Dec. 18, 2012, 12:45 PM
    Midday top 10 gainers: BOSC +83%. OPXA +31%. MEIP +30%. ARB +24%. RNIN +21%. VNDA +21%. III +18%. NVGN +16%. SNFCA +14%. GDP +14%.
    Midday top 10 Losers: AWRE -23%. CNH -18%. LEI -17%. GALE -17%. LIVE -16%. CIS -14%. GTAT -13%. MNGA -12%. RCMT -12%. SWHC -10%.
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  • Dec. 18, 2012, 8:29 AM
    Cerberus Capital says it will sell its interest in gunmaker Freedom Group after one of the firm's weapons was used in the tragic school shootings in Connecticut. The move appears to be tied to a comment from pension fund giant CalSTRS that it would review its investments with Cerberus.
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  • Dec. 17, 2012, 12:51 PM
    Smith & Wesson (SWHC -3.1%) and Sturm, Ruger (RGR -1.7%) trade lower with gun control legislation a major topic of political discussion following the tragic event in Connecticut. Though predictions of a gun demand rush is the knee-jerk reaction of some traders to the news gun laws could be tightened, others see the +200M firearms already in circulation and biting comments from pro-gun members of Congress as a sign the companies' fortunes could be altered.
  • Dec. 14, 2012, 1:25 PM
    Smith & Wesson (SWHC -1%) and Sturm, Ruger (RGR -1.9%) take a sharp turn down after news of a mass casualty shooting at a Connecticut school breaks out from national media sources.
  • Dec. 7, 2012, 7:33 AM
    Northland Capital Markets increases its profit target for Smith & Wesson (SWHC) after the gun maker reported strong FQ2 earnings . The firm sees the Outperform-rated company bringing in $1.04 per share in profits in 2013, up from a prior estimate of $0.94. SWHC +2.9% premarket.
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  • Dec. 6, 2012, 4:57 PM
    More on Smith & Wesson (SWHC): FQ2 results come in largely in-line with estimates. Net profit rose as the gun maker's sales and margins continued to strengthen. The company again raised its full-year outlook, now projecting per-share earnings between $1 and $1.05 and sales of $555M to $560M. It previously projected earnings of $0.85 to $0.90 cents a share and net sales of $530M to $540M. Shares +2.5% AH.
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  • Dec. 6, 2012, 4:14 PM
    Smith & Wesson Holding (SWHC): FQ2 EPS of $0.24 in-line. Revenue of $136.5M (+48% Y/Y) beats by $2M. Shares +3.7% AH. (PR)
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Company Description
Smith & Wesson Holding Corp manufactures firearms. It manufactures handguns, modern sporting rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories.