Empowered Funds LLC Buys Shares of 4,579 Spectrum Brands Holdings, Inc. (NYSE:SPB)

Empowered Funds LLC purchased a new position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,579 shares of the company’s stock, valued at approximately $387,000.

A number of other hedge funds have also recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Spectrum Brands during the third quarter valued at about $222,000. CWM LLC grew its stake in shares of Spectrum Brands by 151.7% during the 3rd quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $179,000 after acquiring an additional 1,133 shares during the period. Blue Trust Inc. increased its holdings in Spectrum Brands by 410.8% in the 3rd quarter. Blue Trust Inc. now owns 807 shares of the company’s stock worth $77,000 after acquiring an additional 649 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in Spectrum Brands during the third quarter valued at approximately $27,000. Finally, International Assets Investment Management LLC lifted its holdings in Spectrum Brands by 9,420.0% during the third quarter. International Assets Investment Management LLC now owns 476 shares of the company’s stock valued at $45,000 after purchasing an additional 471 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently commented on SPB shares. Royal Bank of Canada decreased their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Wells Fargo & Company lowered their price objective on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Canaccord Genuity Group upgraded Spectrum Brands from a “hold” rating to a “buy” rating and increased their target price for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, UBS Group lowered their price target on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.43.

Spectrum Brands Trading Up 1.0 %

Spectrum Brands stock opened at $79.63 on Thursday. The stock has a market cap of $2.09 billion, a P/E ratio of 19.56, a PEG ratio of 1.68 and a beta of 1.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. Spectrum Brands Holdings, Inc. has a 1 year low of $74.72 and a 1 year high of $96.74. The firm’s 50 day moving average price is $83.70 and its 200-day moving average price is $88.67.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same quarter in the previous year, the company earned $0.78 EPS. On average, equities analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.36%. The ex-dividend date is Tuesday, February 18th. Spectrum Brands’s dividend payout ratio is presently 46.19%.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.