S&W gets shot down

Shares of gunmaker Smith & Wesson Holding Corp. fell 7.4 percent on Monday after the 164-year-old company said it lost a bid to supply Army soldiers with the next generation standard-issue sidearm.

In 2014, the Army asked for gunmakers to bid on a new contract — one that had been held by Italian arms provider Beretta for 29 years.

So Smith & Wesson entered the fray.

But after careful consideration, the Army decided to pass on Smith & Wesson, the company said in a regulatory filing late Friday.

Shares closed at $25.53 — and slipped another 3 cents in after-hours trading.