Spectrum Brands Holdings Inc. $SPB Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Spectrum Brands Holdings Inc. (NYSE:SPB) by 261.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,895 shares of the company’s stock after purchasing an additional 10,779 shares during the quarter. SG Americas Securities LLC owned about 0.06% of Spectrum Brands worth $782,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC grew its holdings in shares of Spectrum Brands by 120.3% during the second quarter. GAMMA Investing LLC now owns 489 shares of the company’s stock worth $26,000 after buying an additional 267 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Spectrum Brands during the 2nd quarter worth approximately $41,000. SJS Investment Consulting Inc. acquired a new position in shares of Spectrum Brands in the third quarter valued at approximately $47,000. Blue Trust Inc. raised its stake in shares of Spectrum Brands by 44.8% during the second quarter. Blue Trust Inc. now owns 1,060 shares of the company’s stock worth $56,000 after purchasing an additional 328 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Spectrum Brands by 13.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,767 shares of the company’s stock worth $94,000 after purchasing an additional 215 shares during the last quarter.

Spectrum Brands Stock Performance

NYSE:SPB opened at $62.35 on Wednesday. The firm’s fifty day simple moving average is $59.68 and its 200-day simple moving average is $56.55. The company has a quick ratio of 1.41, a current ratio of 2.26 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.46 billion, a PE ratio of 15.74 and a beta of 0.69. Spectrum Brands Holdings Inc. has a fifty-two week low of $49.99 and a fifty-two week high of $87.23.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, November 13th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $0.77 by $1.84. Spectrum Brands had a net margin of 3.56% and a return on equity of 7.29%. The firm had revenue of $733.50 million during the quarter, compared to analysts’ expectations of $738.57 million. During the same quarter last year, the business earned $0.97 earnings per share. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. Analysts expect that Spectrum Brands Holdings Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.88 annualized dividend and a dividend yield of 3.0%. Spectrum Brands’s payout ratio is 47.47%.

Analyst Ratings Changes

SPB has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Spectrum Brands from $55.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, November 14th. Wall Street Zen raised shares of Spectrum Brands from a “sell” rating to a “hold” rating in a report on Tuesday, November 18th. Canaccord Genuity Group increased their price target on shares of Spectrum Brands from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Spectrum Brands in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

About Spectrum Brands

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.