Nuveen Asset Management LLC Has $13.63 Million Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Nuveen Asset Management LLC reduced its position in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 18.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 161,336 shares of the company's stock after selling 35,700 shares during the period. Nuveen Asset Management LLC owned about 0.59% of Spectrum Brands worth $13,631,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Anchor Capital Advisors LLC raised its stake in Spectrum Brands by 1.2% in the fourth quarter. Anchor Capital Advisors LLC now owns 15,596 shares of the company's stock valued at $1,318,000 after buying an additional 184 shares during the period. Fox Run Management L.L.C. raised its stake in Spectrum Brands by 5.3% in the 4th quarter. Fox Run Management L.L.C. now owns 3,645 shares of the company's stock valued at $308,000 after acquiring an additional 185 shares during the period. Legato Capital Management LLC lifted its holdings in Spectrum Brands by 2.2% during the 4th quarter. Legato Capital Management LLC now owns 9,299 shares of the company's stock valued at $786,000 after purchasing an additional 198 shares during the last quarter. Humankind Investments LLC boosted its position in Spectrum Brands by 7.5% during the fourth quarter. Humankind Investments LLC now owns 5,104 shares of the company's stock worth $431,000 after purchasing an additional 355 shares during the period. Finally, Blue Trust Inc. boosted its position in Spectrum Brands by 46.5% during 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 period.

Spectrum Brands Price Performance

NYSE:SPB traded down $0.52 during trading hours on Friday, reaching $57.87. 184,090 shares of the company were exchanged, compared to its average volume of 415,208. The business has a 50 day moving average of $63.12 and a 200 day moving average of $76.42. Spectrum Brands Holdings, Inc. has a 1-year low of $56.50 and a 1-year high of $96.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. The company has a market capitalization of $1.45 billion, a P/E ratio of 14.23, a P/E/G ratio of 1.70 and a beta of 1.00.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. The company had revenue of $675.70 million for the quarter, compared to the consensus estimate of $701.00 million. During the same quarter in the previous year, the company posted $1.62 earnings per share. The business's revenue was down 6.0% compared to the same quarter last year. Research analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, May 27th. This represents a $1.88 dividend on an annualized basis and a yield of 3.25%. Spectrum Brands's payout ratio is 89.95%.

Insider Buying and Selling at Spectrum Brands

In related news, CEO David M. Maura sold 66,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $65.53, for a total transaction of $4,324,980.00. Following the sale, the chief executive officer now owns 723,607 shares in the company, valued at approximately $47,417,966.71. This trade represents a 8.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Monness Crespi & Hardt dropped their price objective on shares of Spectrum Brands from $106.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Wells Fargo & Company cut their price objective on shares of Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. UBS Group upped their target price on Spectrum Brands from $76.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and lifted their price target for the stock from $94.00 to $102.00 in a report on Friday, February 7th. Finally, Royal Bank of Canada decreased their price objective on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $89.17.

Spectrum Brands 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.