Gamco Investors INC. ET AL Grows Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Gamco Investors INC. ET AL lifted its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,423 shares of the company's stock after acquiring an additional 15,703 shares during the period. Gamco Investors INC. ET AL owned 0.82% of Spectrum Brands worth $18,877,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPB. State Street Corp grew its stake in shares of Spectrum Brands by 1.3% in the 3rd quarter. State Street Corp now owns 590,222 shares of the company's stock valued at $56,154,000 after purchasing an additional 7,783 shares during the last quarter. Barclays PLC increased its stake in Spectrum Brands by 71.4% in the 3rd quarter. Barclays PLC now owns 35,407 shares of the company's stock valued at $3,369,000 after buying an additional 14,746 shares during the period. M&T Bank Corp acquired a new stake in shares of Spectrum Brands in the 3rd quarter worth $221,000. Franklin Resources Inc. boosted its holdings in shares of Spectrum Brands by 2.6% in the third quarter. Franklin Resources Inc. now owns 14,792 shares of the company's stock valued at $1,356,000 after acquiring an additional 381 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of Spectrum Brands during the fourth quarter worth about $553,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group reduced their price objective on shares of Spectrum Brands from $106.00 to $76.00 and set a "buy" rating for the company in a research report on Thursday. Canaccord Genuity Group raised Spectrum Brands from a "hold" rating to a "buy" rating and increased their target price for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Wells Fargo & Company decreased their price target on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Royal Bank of Canada cut their price objective on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Spectrum Brands has an average rating of "Moderate Buy" and an average price target of $95.43.

Spectrum Brands Price Performance

Shares of NYSE:SPB traded down $1.81 during trading on Monday, hitting $58.00. 79,014 shares of the stock were exchanged, compared to its average volume of 404,696. Spectrum Brands Holdings, Inc. has a 12-month low of $55.79 and a 12-month high of $96.74. The company has a market cap of $1.53 billion, a PE ratio of 14.25, a P/E/G ratio of 1.70 and a beta of 1.03. The company has a fifty day moving average price of $70.64 and a two-hundred day moving average price of $82.03. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share for the quarter, beating 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 period last year, the business earned $0.78 EPS. On average, analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands's dividend payout ratio (DPR) is presently 46.19%.

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.