Freestone Grove Partners LP Makes New $424,000 Investment in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Freestone Grove Partners LP acquired a new stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,022 shares of the company's stock, valued at approximately $424,000.

Several other large investors have also recently made changes to their positions in SPB. Steward Partners Investment Advisory LLC purchased a new stake in Spectrum Brands during the fourth quarter valued at $50,000. Blue Trust Inc. raised its position in shares of Spectrum Brands by 46.5% during the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock valued at $100,000 after buying an additional 375 shares in the last quarter. KBC Group NV lifted its holdings in shares of Spectrum Brands by 46.3% in the 4th 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 last quarter. Summit Trail Advisors LLC purchased a new position in Spectrum Brands in the fourth quarter worth about $237,000. Finally, City Center Advisors LLC bought a new stake in Spectrum Brands during the fourth quarter worth approximately $306,000.

Spectrum Brands Stock Performance

Shares of NYSE:SPB opened at $64.40 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40. The firm has a market cap of $1.69 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03. The firm's 50 day simple moving average is $67.37 and its 200-day simple moving average is $80.10. Spectrum Brands Holdings, Inc. has a one year low of $57.66 and a one year high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same quarter in the prior year, the company posted $0.78 EPS. As a group, equities analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands's dividend payout ratio (DPR) is presently 46.19%.

Analyst Upgrades and Downgrades

SPB has been the topic of several recent analyst reports. Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and raised their target price for the stock from $94.00 to $102.00 in a report on Friday, February 7th. Wells Fargo & Company decreased 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 note on Wednesday, April 16th. Royal Bank of Canada cut their target price on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Finally, UBS Group decreased their price target on Spectrum Brands from $106.00 to $76.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Spectrum Brands currently has an average rating of "Moderate Buy" and a consensus target price of $95.43.

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.

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