Systematic Financial Management LP Boosts Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Systematic Financial Management LP increased its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 359,748 shares of the company's stock after acquiring an additional 13,743 shares during the quarter. Systematic Financial Management LP owned about 1.32% of Spectrum Brands worth $30,395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPB. Steward Partners Investment Advisory LLC bought a new position in shares of Spectrum Brands during the 4th quarter valued at about $50,000. Blue Trust Inc. lifted its position in Spectrum Brands by 46.5% during the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock valued at $100,000 after purchasing an additional 375 shares during the last quarter. KBC Group NV grew its stake 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 worth $104,000 after buying an additional 390 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Spectrum Brands by 89.6% in the 4th quarter. Lazard Asset Management LLC now owns 1,464 shares of the company's stock worth $123,000 after buying an additional 692 shares during the last quarter. Finally, Summit Trail Advisors LLC purchased a new stake in shares of Spectrum Brands during the 4th quarter valued at about $237,000.

Spectrum Brands Trading Down 1.9%

Spectrum Brands stock traded down $1.15 during mid-day trading on Thursday, hitting $58.98. The company's stock had a trading volume of 174,904 shares, compared to its average volume of 412,007. 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 company has a 50 day moving average of $64.65 and a 200-day moving average of $77.82. Spectrum Brands Holdings, Inc. has a one year low of $56.50 and a one year high of $96.62. The stock has a market cap of $1.47 billion, a PE ratio of 14.47, a P/E/G ratio of 1.70 and a beta of 1.00.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. The company had revenue of $675.70 million during the quarter, compared to the consensus estimate of $701.00 million. During the same quarter in the previous year, the company posted $1.62 earnings per share. The company's revenue for the quarter was down 6.0% on a year-over-year basis. On average, research analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Tuesday, May 27th. Spectrum Brands's dividend payout ratio (DPR) is presently 89.95%.

Analysts Set New Price Targets

SPB has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price objective on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Monness Crespi & Hardt decreased their price target on Spectrum Brands from $106.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $94.00 to $102.00 in a research note on Friday, February 7th. Royal Bank of Canada cut their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Finally, UBS Group lifted their price target on shares of Spectrum Brands from $76.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Spectrum Brands presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.17.

Insider Activity

In related news, CEO David M. Maura sold 5,180 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $45,814,089.79. This represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.60% of the company's stock.

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.