Counterpoint Mutual Funds LLC Increases Stake in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Counterpoint Mutual Funds LLC increased its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 32.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,826 shares of the company’s stock after purchasing an additional 933 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Spectrum Brands were worth $323,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in shares of Spectrum Brands in the 3rd quarter valued at $31,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Spectrum Brands in the 4th quarter valued at $50,000. Quantbot Technologies LP purchased a new stake in shares of Spectrum Brands in the 3rd quarter valued at $62,000. Quarry LP boosted its stake in shares of Spectrum Brands by 70.9% in the 3rd quarter. Quarry LP now owns 974 shares of the company’s stock valued at $93,000 after purchasing an additional 404 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock valued at $100,000 after purchasing an additional 375 shares in the last quarter.

Spectrum Brands Stock Up 1.1 %

Shares of NYSE SPB opened at $72.46 on Tuesday. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. Spectrum Brands Holdings, Inc. has a 12 month low of $69.85 and a 12 month high of $96.74. The firm has a market capitalization of $1.91 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20. The firm has a fifty day simple moving average of $79.93 and a two-hundred day simple moving average of $86.89.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.02 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 period last year, the firm posted $0.78 earnings per share. Equities analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 2.59%. Spectrum Brands’s dividend payout ratio (DPR) is presently 46.19%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SPB shares. Wells Fargo & Company cut their price objective on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and increased their price target for the company from $94.00 to $102.00 in a research report on Friday, February 7th. Royal Bank of Canada dropped their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, UBS Group dropped their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.43.

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.