Thompson Siegel & Walmsley LLC lowered its position in shares of Spectrum Brands Holdings Inc (NYSE:SPB) by 7.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 410,542 shares of the company’s stock after selling 33,872 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.83% of Spectrum Brands worth $22,490,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. PRW Wealth Management LLC purchased a new stake in shares of Spectrum Brands during the fourth quarter valued at $27,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Spectrum Brands by 100.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,000 shares of the company’s stock valued at $42,000 after acquiring an additional 500 shares in the last quarter. Quantamental Technologies LLC acquired a new position in shares of Spectrum Brands during the fourth quarter valued at about $68,000. Citizens Financial Group Inc RI acquired a new position in Spectrum Brands in the 1st quarter worth approximately $99,000. Finally, Captrust Financial Advisors increased its holdings in Spectrum Brands by 16.5% in the 4th quarter. Captrust Financial Advisors now owns 1,810 shares of the company’s stock worth $76,000 after buying an additional 256 shares during the period.
Several equities research analysts have commented on the company. Wells Fargo & Co restated a “hold” rating and issued a $62.00 price objective on shares of Spectrum Brands in a research report on Wednesday, May 8th. Zacks Investment Research upgraded Spectrum Brands from a “strong sell” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Thursday, April 11th. Deutsche Bank raised their price objective on Spectrum Brands from $52.00 to $58.00 and gave the company a “hold” rating in a report on Monday, April 8th. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $77.00 price objective (up previously from $64.00) on shares of Spectrum Brands in a report on Thursday, May 9th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Spectrum Brands presently has a consensus rating of “Buy” and an average target price of $57.39.
Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.12). The company had revenue of $906.70 million during the quarter, compared to analysts’ expectations of $874.57 million. Spectrum Brands had a net margin of 24.97% and a return on equity of 6.03%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. On average, analysts expect that Spectrum Brands Holdings Inc will post 2.77 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.12%. The ex-dividend date was Monday, May 13th. Spectrum Brands’s dividend payout ratio (DPR) is 47.46%.
About Spectrum Brands
Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.
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