Spectrum Brands Holdings Inc (SPB) Shares Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Spectrum Brands Holdings Inc (NYSE:SPB) by 100.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the company’s stock after purchasing an additional 500 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Spectrum Brands were worth $42,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. FMR LLC boosted its holdings in shares of Spectrum Brands by 149.0% in the 2nd quarter. FMR LLC now owns 6,340,757 shares of the company’s stock valued at $517,533,000 after buying an additional 3,793,831 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Spectrum Brands by 370.2% in the 2nd quarter. Bank of America Corp DE now owns 96,499 shares of the company’s stock valued at $7,877,000 after buying an additional 75,976 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Spectrum Brands by 18.6% in the 2nd quarter. California Public Employees Retirement System now owns 61,848 shares of the company’s stock valued at $5,048,000 after buying an additional 9,694 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Spectrum Brands by 100.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 4,555 shares of the company’s stock valued at $340,000 after buying an additional 2,285 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Spectrum Brands by 3.2% in the 3rd quarter. Bank of Montreal Can now owns 103,571 shares of the company’s stock valued at $7,738,000 after buying an additional 3,256 shares in the last quarter. Institutional investors own 95.68% of the company’s stock.

Several research analysts have recently issued reports on SPB shares. CIBC restated a “buy” rating and issued a $14.50 target price on shares of Spectrum Brands in a report on Thursday, January 10th. Raymond James cut shares of Spectrum Brands from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 20th. Deutsche Bank cut shares of Spectrum Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Royal Bank of Canada decreased their price target on shares of Spectrum Brands to $75.00 and set an “outperform” rating for the company in a research note on Monday, November 26th. Finally, ValuEngine cut shares of Spectrum Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Spectrum Brands presently has a consensus rating of “Hold” and a consensus price target of $62.50.

Shares of NYSE:SPB opened at $51.43 on Thursday. The firm has a market cap of $2.52 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 1.00 and a beta of 1.86. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 1.84. Spectrum Brands Holdings Inc has a 1-year low of $40.54 and a 1-year high of $106.78.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, February 7th. The company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.60). The business had revenue of $874.60 million for the quarter, compared to analyst estimates of $910.97 million. Spectrum Brands had a return on equity of 3.24% and a net margin of 3.32%. The firm’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. As a group, research analysts expect that Spectrum Brands Holdings Inc will post 3.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, February 19th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Friday, February 15th. Spectrum Brands’s dividend payout ratio is currently 47.46%.

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Spectrum Brands Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.

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Institutional Ownership by Quarter for Spectrum Brands (NYSE:SPB)

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