David Maura Purchases 2,500 Shares of Spectrum Brands (NYSE:SPB) Stock

Spectrum Brands Holdings Inc. (NYSE:SPB) CEO David Maura purchased 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average cost of $72.85 per share, with a total value of $182,125.00. Following the completion of the purchase, the chief executive officer owned 790,708 shares of the company’s stock, valued at $57,603,077.80. This represents a 0.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Spectrum Brands Price Performance

SPB stock opened at $78.49 on Friday. Spectrum Brands Holdings Inc. has a 1 year low of $49.99 and a 1 year high of $86.96. The firm has a 50-day moving average of $78.00 and a 200 day moving average of $69.22. The company has a market cap of $1.82 billion, a P/E ratio of 14.98, a PEG ratio of 2.46 and a beta of 0.67. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.29 and a quick ratio of 1.42.

Spectrum Brands (NYSE:SPB) last announced its earnings results on Thursday, May 7th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.21. Spectrum Brands had a net margin of 4.47% and a return on equity of 8.23%. The business had revenue of $708.90 million during the quarter, compared to the consensus estimate of $676.45 million. During the same quarter last year, the firm earned $0.68 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts forecast that Spectrum Brands Holdings Inc. will post 5.32 EPS for the current year.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.4%. Spectrum Brands’s dividend payout ratio (DPR) is currently 35.88%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SPB. Royal Bank Of Canada set a $85.00 target price on shares of Spectrum Brands in a research note on Friday, February 6th. Canaccord Genuity Group raised their target price on shares of Spectrum Brands from $94.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $81.00 target price on shares of Spectrum Brands in a research note on Friday, May 8th. Oppenheimer raised their target price on shares of Spectrum Brands from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, Wells Fargo & Company raised their target price on shares of Spectrum Brands from $62.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.20.

Institutional Investors Weigh In On Spectrum Brands

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Spectrum Brands by 7,237.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 587 shares of the company’s stock valued at $31,000 after acquiring an additional 579 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Spectrum Brands by 96.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 630 shares of the company’s stock valued at $37,000 after acquiring an additional 310 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Spectrum Brands by 111.7% during the fourth quarter. Farther Finance Advisors LLC now owns 635 shares of the company’s stock valued at $38,000 after acquiring an additional 335 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Spectrum Brands during the second quarter valued at approximately $41,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Spectrum Brands during the third quarter valued at approximately $49,000.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.