5 Biggest Gun Companies in the World

3. Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

2021 annual revenue: $1.1 billion

Founded in 1852 and headquartered in Springfield, Smith & Wesson Brands, Inc. (NASDAQ:SWBI)  is engaged in the business of firearms manufacturing. The company is considered an industry leader in firearm manufacturing. Firearms is the only reportable segment of Smith & Wesson Brands, Inc. (NASDAQ:SWBI), and its product portfolio entails an extensive range of both handguns and long guns, suppressors, handcuffs, and other ammunition-related essentials. The company has three manufacturing facilities in the US, all of which are ISO 1900 certified.
On September 09, 2022, Mark Smith, an analyst at Lake Street, reduced his price target on Smith & Wesson Brands, Inc. (NASDAQ:SWBI) to $22. The analyst currently has a Buy rating on the stock, and although he has revised his price target downwards due to normalized demand, the long-term outlook remains positive as the company continues to execute its plans for growth.

The company’s revenue increased substantially during the middle of the COVID-19 pandemic, from Q4 2022. The demand for the company’s products remained at high levels till the first quarter of the fiscal year 2022. However, the demand has started to normalize, as evidenced by the company’s last quarter result, with revenue declining by 69% YoY.