CW Advisors LLC Has $1.20 Million Stock Position in Spectrum Brands Holdings Inc. $SPB

Key Points

• CW Advisors LLC increased its stake in Spectrum Brands Holdings Inc. by 48.3% during the first quarter, owning 16,767 shares valued at $1.2 million.
• Spectrum Brands reported $1.24 EPS for the most recent quarter, missing analyst estimates of $1.25, with a revenue decline of 10.2% year-over-year.
• The company announced a $0.47 quarterly dividend, representing an annualized dividend yield of 3.3%, with a payout ratio of 70.15%.

CW Advisors LLC raised its stake in Spectrum Brands Holdings Inc. (NYSE:SPB - Free Report) by 48.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,767 shares of the company's stock after buying an additional 5,458 shares during the period. CW Advisors LLC owned approximately 0.06% of Spectrum Brands worth $1,200,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in SPB. Man Group plc raised its stake in Spectrum Brands by 160.5% during the 4th quarter. Man Group plc now owns 320,178 shares of the company's stock valued at $27,052,000 after purchasing an additional 197,263 shares during the period. Two Sigma Advisers LP boosted its holdings in Spectrum Brands by 403.9% in the fourth quarter. Two Sigma Advisers LP now owns 233,800 shares of the company's stock worth $19,754,000 after purchasing an additional 187,400 shares in the last quarter. Alberta Investment Management Corp lifted its position in Spectrum Brands by 33.1% during the 1st quarter. Alberta Investment Management Corp now owns 750,029 shares of the company's stock worth $53,665,000 after acquiring an additional 186,729 shares during the last quarter. Nuveen LLC acquired a new position in Spectrum Brands during the 1st quarter worth $11,579,000. Finally, First Trust Advisors LP lifted its position in Spectrum Brands by 261.9% during the 4th quarter. First Trust Advisors LP now owns 163,143 shares of the company's stock worth $13,784,000 after acquiring an additional 118,060 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SPB shares. Wells Fargo & Company cut their price objective on shares of Spectrum Brands from $65.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 9th. Wall Street Zen raised shares of Spectrum Brands from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Royal Bank Of Canada set a $75.00 price objective on shares of Spectrum Brands and gave the stock an "outperform" rating in a report on Monday, August 11th. Monness Crespi & Hardt decreased their price target on shares of Spectrum Brands from $106.00 to $86.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Finally, Canaccord Genuity Group decreased their price target on shares of Spectrum Brands from $77.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.80.

Spectrum Brands Stock Up 1.9%

SPB stock traded up $1.08 during midday trading on Friday, hitting $57.03. The company's stock had a trading volume of 537,265 shares, compared to its average volume of 569,684. The company's fifty day moving average price is $55.84 and its 200 day moving average price is $61.82. Spectrum Brands Holdings Inc. has a twelve month low of $50.73 and a twelve month high of $96.62. The stock has a market capitalization of $1.38 billion, a P/E ratio of 21.28 and a beta of 0.83. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.42 and a quick ratio of 1.50.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.24 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.01). Spectrum Brands had a net margin of 2.56% and a return on equity of 5.27%. The firm had revenue of $699.60 million during the quarter, compared to the consensus estimate of $742.13 million. During the same period last year, the business earned $1.13 EPS. The business's revenue was down 10.2% on a year-over-year basis. As a group, equities research analysts predict that Spectrum Brands Holdings Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, August 26th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, August 26th. Spectrum Brands's dividend payout ratio (DPR) is 70.15%.

About Spectrum Brands

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.