Teacher Retirement System of Texas Purchases 3,118 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Teacher Retirement System of Texas grew its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,756 shares of the company’s stock after acquiring an additional 3,118 shares during the quarter. Teacher Retirement System of Texas owned 0.08% of Spectrum Brands worth $1,754,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SPB. Citigroup Inc. lifted its position in Spectrum Brands by 15.9% in the third quarter. Citigroup Inc. now owns 41,048 shares of the company’s stock worth $3,905,000 after purchasing an additional 5,641 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Spectrum Brands by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company’s stock worth $38,089,000 after acquiring an additional 7,198 shares during the period. Empowered Funds LLC acquired a new stake in shares of Spectrum Brands during the 4th quarter valued at about $387,000. Everence Capital Management Inc. bought a new stake in Spectrum Brands in the fourth quarter valued at about $553,000. Finally, SG Americas Securities LLC raised its position in Spectrum Brands by 478.4% in the fourth quarter. SG Americas Securities LLC now owns 13,500 shares of the company’s stock worth $1,141,000 after purchasing an additional 11,166 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SPB shares. Royal Bank of Canada lowered their price objective 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. Wells Fargo & Company lowered their price target on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. UBS Group cut their price objective on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and upped their target price for the stock from $94.00 to $102.00 in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Spectrum Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.43.

Spectrum Brands Price Performance

Spectrum Brands stock opened at $71.52 on Friday. The business’s fifty day moving average is $77.70 and its two-hundred day moving average is $85.70. 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 $1.88 billion, a P/E ratio of 17.57, a P/E/G ratio of 1.70 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a 52 week low of $68.74 and a 52 week high of $96.74.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same quarter in the prior year, the business posted $0.78 EPS. Equities research analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 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 11th. Investors of record on Tuesday, February 18th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.63%. 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.