Oak Thistle LLC Invests $1 Million in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Oak Thistle LLC acquired a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,548 shares of the company's stock, valued at approximately $1,001,000.

Other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its stake in Spectrum Brands by 53.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company's stock valued at $36,000 after acquiring an additional 160 shares during the last quarter. Captrust Financial Advisors increased its stake in Spectrum Brands by 31.7% in the first quarter. Captrust Financial Advisors now owns 503 shares of the company's stock valued at $45,000 after acquiring an additional 121 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Spectrum Brands during the fourth quarter valued at about $71,000. MetLife Investment Management LLC boosted its position in Spectrum Brands by 1,012.7% during the first quarter. MetLife Investment Management LLC now owns 879 shares of the company's stock valued at $78,000 after buying an additional 800 shares during the period. Finally, USA Financial Formulas purchased a new stake in Spectrum Brands during the third quarter valued at about $101,000.

Spectrum Brands Trading Down 1.2 %

Shares of Spectrum Brands stock traded down $1.07 during trading on Tuesday, reaching $85.11. 485,525 shares of the stock were exchanged, compared to its average volume of 398,527. The company has a quick ratio of 2.75, a current ratio of 3.36 and a debt-to-equity ratio of 0.60. The stock's fifty day moving average is $82.93 and its 200 day moving average is $78.57. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 1.84, a price-to-earnings-growth ratio of 0.62 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a 1 year low of $63.64 and a 1 year high of $89.64.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.31 by $0.47. Spectrum Brands had a net margin of 63.89% and a return on equity of 4.66%. The business had revenue of $692.20 million during the quarter, compared to analyst estimates of $674.20 million. During the same period last year, the business posted ($0.32) earnings per share. Spectrum Brands's quarterly revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts expect that Spectrum Brands Holdings, Inc. will post 3.79 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.68 annualized dividend and a yield of 1.97%. Spectrum Brands's dividend payout ratio (DPR) is presently 3.65%.

Analyst Ratings Changes

Several research firms have issued reports on SPB. Canaccord Genuity Group lowered shares of Spectrum Brands from a "buy" rating to a "hold" rating and upped their price target for the company from $83.00 to $86.00 in a research report on Friday, February 9th. Royal Bank of Canada upped their price target on shares of Spectrum Brands from $89.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, February 9th. StockNews.com upgraded shares of Spectrum Brands from a "sell" rating to a "hold" rating in a research report on Saturday, December 30th. Wells Fargo & Company increased their target price on shares of Spectrum Brands from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Friday, February 9th. Finally, Canaccord Genuity Group reiterated a "hold" rating and set a $86.00 target price (up from $83.00) on shares of Spectrum Brands in a report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $89.17.

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.