RGR Rallies on Dividend, Smith & Wesson Drops on Guidance in Monday's After-Hours Session
Shares of both major gun stocks moved Monday after-hours, following releases from the companies.
Strum, Ruger & Co (NYSE: RGR) traded up over four percent, following a report that the company would payout a one-time, special dividend of $4.50 per share. That after-hours move comes following a bullish session in which Strum, Ruger & Co added over 1.50 percent.
Inversely, Smith & Wesson (NYSE: SWHC) traded down over one percent after the company provided guidance. Smith & Wesson declared that second quarter EPS would come in at $0.23-0.24, more than the $0.21 estimate, and more than the $0.19-0.21 had said previously. The company said sales would come in around $136 million, more than the $134.8 million estimate.
Smith & Wesson's move lower is minor compared to the gains the stock saw during Monday's session, as SWHC rallied over six percent.
Regardless, both stocks have had incredible years. Smith & Wesson has more than doubled, trading up over 130 percent year-to-date.
Strum, Ruger & Co hasn't had nearly as impressive of a performance, but is still up nearly 50 percent in 2012.
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