The most well known firearm companies in the U.S. are probably the publicly traded companies, Sturm, Ruger & Company, Inc and Smith & Wesson Brands, Inc. Like most gun makers, they make hundreds of models in a range of rifles, pistols, and shotguns. One of the most popular types of guns is pistols. They are small enough for people to carry, often unseen. Most notably, pistols can be fired with one hand. The largest maker of pistols in the U.S. is Smith & Wesson. (Find out if S&W is among the biggest gun makers in America.)
Smith & Wesson made 5,516,685 pistols from 2016 to 2020, which is 26% of the U.S. market, according to data from the Bureau of Alcohol, Tobacco, Firearms, and Explosives. The company is wildly profitable. It had revenue of $864 million and a net income of $194 million in fiscal year 2022, which ended in April 2022. The company’s market value is $493 million.
Some institutional investors shy away from owning stock in firearms companies. Interestly, however, the largest investor in Smith & Wesson is mega-sized investment firm BlackRock, which is known for promoting environmental, social, and governance – or ESG – investing. No qualms, obviously, if BlackRock thinks it can make money. (Also see, the companies making the most popular rifles in America.)
One of Smith & Wesson’s most popular pistols is the M&P Shield. It is known for its thin 1 inch profile, which makes it easy to conceal. It does not have an external hammer, which also makes it easy to be worn or carried inconspicuously. Its retail price is about $500.
See 24/7 Wall St.’s list of America’s top pistol companies.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
