Cwm LLC Boosts Stock Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Cwm LLC increased its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 151.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,880 shares of the company’s stock after purchasing an additional 1,133 shares during the period. Cwm LLC’s holdings in Spectrum Brands were worth $179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPB. Fidelis Capital Partners LLC purchased a new stake in Spectrum Brands in the 1st quarter worth approximately $27,000. Central Pacific Bank Trust Division bought a new position in Spectrum Brands in the first quarter valued at $30,000. Versant Capital Management Inc lifted its stake in Spectrum Brands by 1,923.8% during the second quarter. Versant Capital Management Inc now owns 425 shares of the company’s stock worth $37,000 after purchasing an additional 404 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Spectrum Brands during the 1st quarter valued at about $42,000. Finally, Quarry LP lifted its position in Spectrum Brands by 375.0% in the 2nd quarter. Quarry LP now owns 570 shares of the company’s stock worth $49,000 after buying an additional 450 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPB. Canaccord Genuity Group cut their price objective on shares of Spectrum Brands from $92.00 to $90.00 and set a “hold” rating for the company in a research note on Monday, July 1st. UBS Group lifted their price objective on Spectrum Brands from $111.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Wells Fargo & Company increased their target price on Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $101.88.

Spectrum Brands Price Performance

Shares of SPB stock opened at $89.14 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.28. Spectrum Brands Holdings, Inc. has a fifty-two week low of $65.27 and a fifty-two week high of $96.74. The firm has a market cap of $2.50 billion, a P/E ratio of 1.80, a P/E/G ratio of 0.25 and a beta of 1.22. The business’s 50 day moving average price is $91.83 and its 200-day moving average price is $88.24.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.25). Spectrum Brands had a return on equity of 6.84% and a net margin of 3.86%. The company had revenue of $779.40 million during the quarter, compared to the consensus estimate of $750.97 million. During the same quarter last year, the company posted $0.75 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that Spectrum Brands Holdings, Inc. will post 4.78 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, August 27th were issued a $0.42 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $1.68 dividend on an annualized basis and a yield of 1.88%. Spectrum Brands’s dividend payout ratio (DPR) is 3.40%.

About Spectrum Brands

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.