American National Bank bought a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) during the first quarter, according to its most recent filing with the SEC. The institutional investor bought 18,923 shares of the company’s stock, valued at approximately $2,631,000.
Other institutional investors have also recently bought and sold shares of the company. Parametrica Management Ltd purchased a new position in Spectrum Brands Holdings during the first quarter valued at approximately $433,000. Gulf International Bank UK Ltd boosted its position in Spectrum Brands Holdings by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 9,750 shares of the company’s stock valued at $1,355,000 after buying an additional 100 shares in the last quarter. Fulton Bank N.A. purchased a new position in Spectrum Brands Holdings during the first quarter valued at approximately $214,000. Highbridge Capital Management LLC boosted its position in Spectrum Brands Holdings by 99.6% in the fourth quarter. Highbridge Capital Management LLC now owns 151,098 shares of the company’s stock valued at $18,484,000 after buying an additional 75,409 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in Spectrum Brands Holdings by 91.0% in the fourth quarter. Teachers Advisors LLC now owns 53,290 shares of the company’s stock valued at $6,519,000 after buying an additional 25,392 shares in the last quarter. 47.83% of the stock is currently owned by hedge funds and other institutional investors.
Spectrum Brands Holdings, Inc. (NYSE:SPB) opened at 144.75 on Friday. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 24.75 and a beta of 0.65. The stock’s 50 day moving average is $140.65 and its 200-day moving average is $131.50. Spectrum Brands Holdings, Inc. has a 52-week low of $111.40 and a 52-week high of $146.09.
Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings data on Thursday, January 26th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.05. Spectrum Brands Holdings had a net margin of 6.58% and a return on equity of 18.03%. The firm earned $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm posted $1.01 earnings per share. Spectrum Brands Holdings’s quarterly revenue was down .7% on a year-over-year basis. Equities research analysts anticipate that Spectrum Brands Holdings, Inc. will post $5.91 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 13th. Investors of record on Tuesday, May 16th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, May 12th. Spectrum Brands Holdings’s dividend payout ratio is currently 30.22%.
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Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated a “buy” rating and set a $160.00 price target on shares of Spectrum Brands Holdings in a research note on Friday, April 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $167.00 price objective (up from $160.00) on shares of Spectrum Brands Holdings in a research note on Tuesday, April 18th. Zacks Investment Research upgraded shares of Spectrum Brands Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. BMO Capital Markets set a $155.00 price objective on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a research note on Friday, January 27th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, January 26th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $150.50.
Spectrum Brands Holdings Company Profile
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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