Teza Capital Management LLC Invests $1.06 Million in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Teza Capital Management LLC purchased a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,598 shares of the company's stock, valued at approximately $1,064,000.

Other large investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new stake in Spectrum Brands in the fourth quarter valued at $50,000. Blue Trust Inc. grew its position in Spectrum Brands by 46.5% in the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock valued at $100,000 after acquiring an additional 375 shares during the period. KBC Group NV grew its position in Spectrum Brands by 46.3% in the fourth quarter. KBC Group NV now owns 1,233 shares of the company's stock valued at $104,000 after acquiring an additional 390 shares during the period. Lazard Asset Management LLC grew its position in Spectrum Brands by 89.6% in the fourth quarter. Lazard Asset Management LLC now owns 1,464 shares of the company's stock valued at $123,000 after acquiring an additional 692 shares during the period. Finally, Summit Trail Advisors LLC bought a new stake in Spectrum Brands in the fourth quarter valued at $237,000.

Insider Activity at Spectrum Brands

In related news, CEO David M. Maura sold 5,180 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $63.77, for a total value of $330,328.60. Following the transaction, the chief executive officer now owns 718,427 shares in the company, valued at $45,814,089.79. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is owned by company insiders.

Spectrum Brands Price Performance

Shares of SPB stock traded down $0.47 during trading hours on Friday, hitting $58.05. 622,606 shares of the company's stock were exchanged, compared to its average volume of 413,721. The stock's 50-day moving average is $64.12 and its 200-day moving average is $77.28. 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 stock has a market cap of $1.45 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00. Spectrum Brands Holdings, Inc. has a 52 week low of $56.50 and a 52 week high of $96.62.

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 during the quarter, compared to the consensus estimate of $701.00 million. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. Spectrum Brands's revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Tuesday, May 27th. Spectrum Brands's dividend payout ratio is 89.95%.

Analyst Ratings Changes

A number of analysts have weighed in on SPB shares. Royal Bank of Canada lowered their price target on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Canaccord Genuity Group upgraded Spectrum Brands from a "hold" rating to a "buy" rating and upped their price target for the company from $94.00 to $102.00 in a research report on Friday, February 7th. UBS Group upped their price target on Spectrum Brands from $76.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Wells Fargo & Company decreased their target price on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Monness Crespi & Hardt decreased their target price on Spectrum Brands from $106.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.