Spectrum Brands Holdings, Inc. (NYSE:SPB) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,227,002 shares of the company’s stock after selling 48,352 shares during the period. American Century Companies Inc.’s holdings in Spectrum Brands were worth $103,669,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPB. Brooklyn Investment Group bought a new stake in Spectrum Brands during the third quarter worth approximately $31,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Spectrum Brands during the 4th quarter worth $50,000. Quantbot Technologies LP acquired a new position in shares of Spectrum Brands in the 3rd quarter worth $62,000. Quarry LP raised its position in shares of Spectrum Brands by 70.9% during the third quarter. Quarry LP now owns 974 shares of the company’s stock worth $93,000 after purchasing an additional 404 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of 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.

Analyst Ratings Changes

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

Spectrum Brands Stock Performance

SPB stock opened at $71.23 on Tuesday. The firm has a 50 day simple moving average of $78.57 and a 200 day simple moving average of $86.07. Spectrum Brands Holdings, Inc. has a 52 week low of $68.74 and a 52 week high of $96.74. The stock has a market cap of $1.87 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 2.40.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the company posted $0.78 earnings per share. Research analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date 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.