Schroder Investment Management Group boosted its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 960,750 shares of the company’s stock after buying an additional 84,903 shares during the quarter. Schroder Investment Management Group owned approximately 1.67% of Spectrum Brands worth $107,988,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. First Manhattan Co. grew its position in Spectrum Brands by 242.9% during the third quarter. First Manhattan Co. now owns 39,957 shares of the company’s stock valued at $4,232,000 after buying an additional 28,305 shares during the period. Pinebridge Investments L.P. acquired a new stake in shares of Spectrum Brands in the third quarter valued at about $7,882,000. BB&T Securities LLC grew its position in shares of Spectrum Brands by 10.4% in the third quarter. BB&T Securities LLC now owns 12,471 shares of the company’s stock valued at $1,320,000 after purchasing an additional 1,179 shares during the period. National Investment Services Inc. WI grew its position in shares of Spectrum Brands by 131.7% in the fourth quarter. National Investment Services Inc. WI now owns 4,775 shares of the company’s stock valued at $537,000 after purchasing an additional 2,714 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Spectrum Brands by 7.6% in the third quarter. Legal & General Group Plc now owns 26,321 shares of the company’s stock valued at $2,788,000 after purchasing an additional 1,852 shares during the period. Institutional investors own 47.27% of the company’s stock.
Spectrum Brands Holdings, Inc. (NYSE:SPB) opened at $102.54 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.70 and a quick ratio of 2.19. The firm has a market cap of $5,961.67, a PE ratio of 22.25, a PEG ratio of 1.84 and a beta of 0.69. Spectrum Brands Holdings, Inc. has a 52 week low of $98.11 and a 52 week high of $146.09.
Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.12. The firm had revenue of $646.50 million for the quarter, compared to the consensus estimate of $1.26 billion. Spectrum Brands had a net margin of 8.80% and a return on equity of 14.51%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $1.21 earnings per share. research analysts anticipate that Spectrum Brands Holdings, Inc. will post 4.19 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 20th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, February 16th. Spectrum Brands’s dividend payout ratio is currently 25.04%.
SPB has been the topic of several research analyst reports. Wells Fargo & Co reiterated a “buy” rating on shares of Spectrum Brands in a research report on Wednesday, December 20th. Rowe reiterated a “buy” rating and issued a $167.00 target price on shares of Spectrum Brands in a research report on Wednesday, January 3rd. Oppenheimer reiterated a “buy” rating on shares of Spectrum Brands in a research report on Wednesday, December 20th. Gabelli upgraded shares of Spectrum Brands from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. Finally, Jefferies Group reiterated a “buy” rating and issued a $142.00 target price on shares of Spectrum Brands in a research report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. Spectrum Brands currently has a consensus rating of “Buy” and an average target price of $141.80.
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About Spectrum Brands
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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