Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. grew its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 46.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,182 shares of the company’s stock after buying an additional 375 shares during the period. Blue Trust Inc.’s holdings in Spectrum Brands were worth $100,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Waldron Private Wealth LLC acquired a new stake in shares of Spectrum Brands in the 3rd quarter worth $27,000. Brooklyn Investment Group acquired a new stake in Spectrum Brands in the third quarter valued at about $31,000. International Assets Investment Management LLC lifted its position in Spectrum Brands by 9,420.0% in 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 during the period. Farther Finance Advisors LLC increased its position in Spectrum Brands by 92.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock worth $52,000 after purchasing an additional 261 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Spectrum Brands during the 3rd quarter worth approximately $62,000.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SPB. Wedbush raised Spectrum Brands from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $6.00 to $10.00 in a report on Friday. UBS Group cut their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $94.00 to $102.00 in a report on Friday. Wells Fargo & Company dropped their target price on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Royal Bank of Canada decreased their price target on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.11.

Spectrum Brands Price Performance

SPB stock opened at $78.19 on Friday. The stock’s 50 day moving average price is $86.57 and its 200 day moving average price is $89.04. The firm has a market cap of $2.14 billion, a P/E ratio of 19.16, a PEG ratio of 1.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.62 and a current ratio of 2.30. Spectrum Brands Holdings, Inc. has a 1 year low of $75.94 and a 1 year high of $96.74.

Spectrum Brands (NYSE:SPB) last issued 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 return on equity of 6.16% and a net margin of 4.21%. During the same period in the prior year, the company earned $0.78 EPS. On average, sell-side analysts expect that Spectrum Brands Holdings, Inc. will post 5.17 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Tuesday, February 18th. Spectrum Brands’s dividend payout ratio is presently 46.08%.

Spectrum Brands 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.