Spectrum Brands Holdings Inc. (NYSE:SPB) Shares Bought by Cwm LLC

CWM LLC lifted its position in shares of Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) by 217.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,043 shares of the company's stock after purchasing an additional 5,512 shares during the quarter. CWM LLC's holdings in Spectrum Brands were worth $575,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Callodine Capital Management LP boosted its holdings in Spectrum Brands by 29.8% in the 4th quarter. Callodine Capital Management LP now owns 527,500 shares of the company's stock worth $44,568,000 after acquiring an additional 121,000 shares during the period. FIL Ltd boosted its holdings in Spectrum Brands by 8.7% in the 4th quarter. FIL Ltd now owns 461,568 shares of the company's stock worth $38,998,000 after acquiring an additional 36,798 shares during the period. Systematic Financial Management LP boosted its holdings in Spectrum Brands by 4.0% in the 4th quarter. Systematic Financial Management LP now owns 359,748 shares of the company's stock worth $30,395,000 after acquiring an additional 13,743 shares during the period. Man Group plc boosted its holdings in Spectrum Brands by 160.5% in the 4th quarter. Man Group plc now owns 320,178 shares of the company's stock worth $27,052,000 after acquiring an additional 197,263 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Spectrum Brands by 76.4% in the 4th quarter. AQR Capital Management LLC now owns 261,507 shares of the company's stock worth $22,095,000 after acquiring an additional 113,238 shares during the period.

Insiders Place Their Bets

In other Spectrum Brands news, CEO David M. Maura sold 5,180 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $63.77, for a total value of $330,328.60. Following the sale, the chief executive officer directly owned 718,427 shares of the company's stock, valued at $45,814,089.79. This trade represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.90% of the stock is owned by corporate insiders.

Spectrum Brands Stock Performance

Shares of SPB stock traded up $0.75 on Friday, hitting $60.27. 446,365 shares of the stock traded hands, compared to its average volume of 678,856. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.34 and a quick ratio of 1.40. The company has a market capitalization of $1.48 billion, a PE ratio of 28.84 and a beta of 0.90. Spectrum Brands Holdings Inc. has a 1-year low of $50.73 and a 1-year high of $96.62. The company's fifty day moving average is $56.02 and its 200 day moving average is $66.68.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.67). The firm had revenue of $675.70 million for the quarter, compared to analyst estimates of $701.00 million. Spectrum Brands had a net margin of 2.02% and a return on equity of 5.20%. The business's revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.62 earnings per share. On average, equities research analysts predict that Spectrum Brands Holdings Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.12%. The ex-dividend date was Tuesday, May 27th. Spectrum Brands's dividend payout ratio is presently 89.95%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SPB. UBS Group increased their target price on Spectrum Brands from $76.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Wells Fargo & Company reduced their target price on Spectrum Brands from $65.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 9th. Monness Crespi & Hardt reduced their target price on Spectrum Brands from $106.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Finally, Canaccord Genuity Group set a $77.00 target price on Spectrum Brands and gave the company a "buy" rating in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.17.

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.