Smith & Wesson Board Authorizes $30 Mln Stock Buyback Plan

(RTTNews) - Firearms maker Smith & Wesson Holding Corp. (SWHC) said Friday that its Board of Directors has authorized the repurchase of $30 million of the company's common stock in open market or privately negotiated transactions, commencing no sooner than May 1, 2014, which is the first day of the company's fiscal 2015.

Between December 2012 and January 2014 the company repurchased $135 million of its common stock at an average purchase price of $11.01.

The amount and timing of any open market repurchases or privately negotiated transactions will depend on a number of factors, including price, trading volume, general market conditions, legal requirements, and other factors.