Royce & Associates LP Cuts Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Royce & Associates LP decreased its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,438 shares of the company’s stock after selling 10,050 shares during the quarter. Royce & Associates LP owned approximately 0.37% of Spectrum Brands worth $8,486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in Spectrum Brands in the 3rd quarter worth about $31,000. Steward Partners Investment Advisory LLC bought a new position in shares of Spectrum Brands in the fourth quarter valued at approximately $50,000. Quantbot Technologies LP purchased a new stake in shares of Spectrum Brands during the third quarter valued at approximately $62,000. Quarry LP lifted its holdings in Spectrum Brands by 70.9% during the third quarter. Quarry LP now owns 974 shares of the company’s stock worth $93,000 after acquiring an additional 404 shares during the period. Finally, Blue Trust Inc. boosted its position in 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 during the last quarter.

Spectrum Brands Price Performance

SPB opened at $70.69 on Wednesday. The firm has a 50-day moving average price of $79.66 and a 200-day moving average price of $86.72. Spectrum Brands Holdings, Inc. has a twelve month low of $69.85 and a twelve month high of $96.74. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.70 and a beta of 1.20.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates 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 business posted $0.78 earnings per share. Equities analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.66%. Spectrum Brands’s dividend payout ratio (DPR) is 46.19%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SPB shares. Canaccord Genuity Group raised Spectrum Brands from a “hold” rating to a “buy” rating and raised their target price for the company from $94.00 to $102.00 in a research report on Friday, February 7th. UBS Group decreased their price objective 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. Wells Fargo & Company lowered their price objective on shares of 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. Finally, Royal Bank of Canada reduced their target price on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.43.

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.