Monimus Capital Management LP Acquires New Stake in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Monimus Capital Management LP bought a new position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 37,557 shares of the company’s stock, valued at approximately $3,173,000. Spectrum Brands makes up about 3.0% of Monimus Capital Management LP’s investment portfolio, making the stock its 13th largest position. Monimus Capital Management LP owned approximately 0.14% of Spectrum Brands at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in SPB. Brooklyn Investment Group acquired a new position in shares of Spectrum Brands during the 3rd quarter valued at about $31,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Spectrum Brands during the 4th quarter valued at approximately $50,000. Quantbot Technologies LP acquired a new stake in Spectrum Brands in the third quarter worth $62,000. Quarry LP increased its position in Spectrum Brands by 70.9% in the third quarter. Quarry LP now owns 974 shares of the company’s stock worth $93,000 after buying an additional 404 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Spectrum Brands by 46.5% in the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock worth $100,000 after purchasing an additional 375 shares in the last quarter.

Analysts Set New Price Targets

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

Spectrum Brands Trading Up 1.4 %

NYSE:SPB opened at $71.55 on Friday. The company has a market cap of $1.88 billion, a P/E ratio of 17.58, a P/E/G ratio of 1.70 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 $69.85 and a 1 year high of $96.74. The stock’s fifty day moving average price is $80.16 and its two-hundred day moving average price is $87.11.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping 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 period last year, the firm earned $0.78 earnings per share. As a group, analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands’s dividend payout ratio is presently 46.19%.

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.