Cwm LLC Acquires 1,133 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Cwm LLC lifted its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 151.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,880 shares of the company’s stock after purchasing an additional 1,133 shares during the quarter. Cwm LLC’s holdings in Spectrum Brands were worth $179,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in Spectrum Brands by 4.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,007,572 shares of the company’s stock valued at $172,511,000 after purchasing an additional 79,322 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Spectrum Brands by 21.7% during the first quarter. Pzena Investment Management LLC now owns 1,315,483 shares of the company’s stock valued at $117,091,000 after acquiring an additional 234,784 shares in the last quarter. LSV Asset Management raised its holdings in Spectrum Brands by 68.9% in the 1st quarter. LSV Asset Management now owns 745,680 shares of the company’s stock worth $66,373,000 after acquiring an additional 304,217 shares during the last quarter. Armistice Capital LLC lifted its position in Spectrum Brands by 129.4% in the 2nd quarter. Armistice Capital LLC now owns 439,377 shares of the company’s stock valued at $37,756,000 after acquiring an additional 247,809 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Spectrum Brands by 50.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 231,933 shares of the company’s stock valued at $20,644,000 after purchasing an additional 77,835 shares during the last quarter.

Spectrum Brands Price Performance

Shares of NYSE:SPB opened at $89.14 on Thursday. The firm’s 50 day moving average price is $91.83 and its 200-day moving average price is $88.24. The stock has a market capitalization of $2.50 billion, a PE ratio of 1.80, a price-to-earnings-growth ratio of 0.25 and a beta of 1.22. Spectrum Brands Holdings, Inc. has a twelve month low of $65.27 and a twelve month high of $96.74. The company has a quick ratio of 1.61, a current ratio of 2.28 and a debt-to-equity ratio of 0.26.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.25). Spectrum Brands had a net margin of 3.86% and a return on equity of 6.84%. The firm had revenue of $779.40 million for the quarter, compared to analysts’ expectations of $750.97 million. During the same period in the prior year, the firm earned $0.75 EPS. Spectrum Brands’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts expect that Spectrum Brands Holdings, Inc. will post 4.78 EPS for the current year.

Spectrum Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, August 27th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.88%. The ex-dividend date was Tuesday, August 27th. Spectrum Brands’s dividend payout ratio is presently 3.40%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Canaccord Genuity Group lowered their price target on Spectrum Brands from $92.00 to $90.00 and set a “hold” rating on the stock in a report on Monday, July 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. UBS Group raised their price target on shares of Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Wells Fargo & Company boosted their price objective on shares of Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $101.88.

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.