Smith & Wesson Holding Corporation Named to Russell 2000(R) and Russell 3000(R) Indexes
July 06 2006 - 9:00AM
PR Newswire (US)
SPRINGFIELD, Mass., July 6 /PRNewswire-FirstCall/ -- Smith &
Wesson Holding Corporation (AMEX:SWB), parent company of Smith
& Wesson Corp., the legendary 154-year old company in the
global business of safety, security, protection and sport, today
announced that it has been named to the Russell 3000 Index and the
Russell 2000 Index when Russell Investment Group reconstituted its
family of U.S. indexes on June 30, 2006. Membership in the Russell
3000, which remains in place for one year, means automatic
inclusion in the large-cap Russell 1000(R) Index or small-cap
Russell 2000 Index as well as the appropriate growth and style
indexes. Russell determines membership for its equity indexes
primarily by objective, market capitalization rankings and style
attributes. Russell indexes are widely used by investment managers
and institutional investors for index funds and as benchmarks for
both passive and active investment strategies. An industry-leading
$3.8 trillion in assets currently are benchmarked to them.
Investment managers who oversee these funds purchase shares of
member stocks according to that company's weighting in the
particular index. Annual reconstitution of Russell indexes captures
the 3,000 largest U.S. stocks as of the end of May, ranking them by
total market capitalization to create the Russell 3000. The largest
1,000 companies in the ranking comprise the Russell 1000 while the
remaining 2,000 companies become the widely used Russell 2000.
These investment tools originated from Russell's multi-manager
investment business in the early 1980s when the company saw the
need for a more objective, market-driven set of benchmarks in order
to evaluate outside investment managers. About Smith & Wesson
Smith & Wesson Holding Corporation, through its subsidiary
Smith & Wesson Corp., is one of the world's largest
manufacturers of quality handguns, law enforcement products and
firearm safety/security products. The Company also licenses shooter
protection, knives, apparel, footwear and other accessory lines.
The Company is based in Springfield, Mass., with manufacturing
facilities in Springfield and Houlton, Maine. The Smith &
Wesson Academy is America's longest-running firearms training
facility for America's public servants. For more information, call
(800) 331-0852 or log on to http://www.smith-wesson.com/. About
Russell Russell, a global leader in multi-manager investment
services, provides investment products and services in 44
countries. Russell manages more than $167 billion in assets and
advises clients worldwide representing $2.4 trillion. Founded in
1936, Russell is a subsidiary of Northwestern Mutual and is
headquartered in Tacoma, Wash., with additional offices in New
York, Toronto, London, Paris, Singapore, Sydney, Auckland and
Tokyo. For more information, go to http://www.russell.com/.
Contacts: John Kelly, Chief Financial Officer Smith & Wesson
Holding Corp. (413) 747-3305 Liz Sharp, VP Investor Relations Smith
& Wesson Holding Corp. (480) 949-9700 x. 115 DATASOURCE: Smith
& Wesson Holding Corporation CONTACT: John Kelly, Chief
Financial Officer, +1-413-747-3305, or Liz Sharp, VP Investor
Relations, +1-480-949-9700, ext. 115, , both of Smith & Wesson
Holding Corporation Web site: http://www.russell.com/ Web site:
http://www.smith-wesson.com/
Copyright
Smith & Wesson (AMEX:SWB)
Historical Stock Chart
From Sep 2024 to Oct 2024
Smith & Wesson (AMEX:SWB)
Historical Stock Chart
From Oct 2023 to Oct 2024