Spectrum Brands Holdings, Inc. (NYSE:SPB – Get Rating) CEO David M. Maura bought 5,000 shares of Spectrum Brands stock in a transaction that occurred on Monday, May 22nd. The stock was purchased at an average cost of $72.13 per share, with a total value of $360,650.00. Following the completion of the transaction, the chief executive officer now owns 673,816 shares of the company’s stock, valued at $48,602,348.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Spectrum Brands Stock Performance
NYSE:SPB opened at $74.00 on Friday. Spectrum Brands Holdings, Inc. has a twelve month low of $38.93 and a twelve month high of $90.59. The stock’s 50 day moving average price is $66.73 and its two-hundred day moving average price is $62.37. The company has a quick ratio of 2.20, a current ratio of 2.70 and a debt-to-equity ratio of 2.67.
Spectrum Brands Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Tuesday, May 23rd will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Monday, May 22nd. Spectrum Brands’s payout ratio is presently -254.55%.
Institutional Trading of Spectrum Brands
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Canaccord Genuity Group initiated coverage on Spectrum Brands in a research note on Thursday, March 30th. They set a “buy” rating and a $82.00 price objective for the company. Wells Fargo & Company lowered their price objective on Spectrum Brands from $90.00 to $85.00 in a research report on Monday, May 15th. Deutsche Bank Aktiengesellschaft raised their target price on Spectrum Brands from $69.00 to $80.00 in a report on Monday, May 8th. StockNews.com assumed coverage on Spectrum Brands in a report on Thursday, May 18th. They set a “sell” rating on the stock. Finally, Wolfe Research assumed coverage on Spectrum Brands in a report on Thursday, March 30th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.86.
About Spectrum Brands
Spectrum Brands Holdings, Inc engages in the manufacture and supply of residential locksets, residential builders’ hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn, garden and home pest control products, and personal insect repellents.
- Get a free copy of the StockNews.com research report on Spectrum Brands (SPB)
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