Thompson Siegel & Walmsley LLC Sells 46,330 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Thompson Siegel & Walmsley LLC decreased its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 15.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 251,699 shares of the company’s stock after selling 46,330 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.61% of Spectrum Brands worth $19,645,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. BOKF NA bought a new stake in shares of Spectrum Brands in the 1st quarter valued at about $30,000. Captrust Financial Advisors lifted its stake in shares of Spectrum Brands by 31.7% in the 1st quarter. Captrust Financial Advisors now owns 503 shares of the company’s stock valued at $45,000 after acquiring an additional 121 shares during the last quarter. CWM LLC lifted its stake in shares of Spectrum Brands by 34.6% in the 2nd quarter. CWM LLC now owns 689 shares of the company’s stock valued at $54,000 after acquiring an additional 177 shares during the last quarter. Retirement Group LLC lifted its stake in shares of Spectrum Brands by 149.5% in the 1st quarter. Retirement Group LLC now owns 998 shares of the company’s stock valued at $66,000 after acquiring an additional 598 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of Spectrum Brands by 1,012.7% in the 1st quarter. MetLife Investment Management LLC now owns 879 shares of the company’s stock valued at $78,000 after acquiring an additional 800 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada started coverage on Spectrum Brands in a research note on Wednesday, August 23rd. They issued an “outperform” rating and a $96.00 target price for the company. Canaccord Genuity Group boosted their price target on Spectrum Brands from $87.00 to $94.00 and gave the company a “buy” rating in a report on Monday, August 14th. Finally, StockNews.com started coverage on Spectrum Brands in a report on Thursday, October 5th. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.40.

Insider Buying and Selling

In related news, EVP Ehsan Zargar purchased 843 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $82.98 per share, for a total transaction of $69,952.14. Following the purchase, the executive vice president now directly owns 117,335 shares of the company’s stock, valued at approximately $9,736,458.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Ehsan Zargar purchased 843 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $82.98 per share, for a total transaction of $69,952.14. Following the purchase, the executive vice president now directly owns 117,335 shares of the company’s stock, valued at approximately $9,736,458.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David M. Maura acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average cost of $82.89 per share, for a total transaction of $414,450.00. Following the completion of the transaction, the chief executive officer now directly owns 693,816 shares in the company, valued at approximately $57,510,408.24. The disclosure for this purchase can be found here. Insiders have purchased 10,843 shares of company stock worth $880,502 in the last 90 days. Insiders own 2.60% of the company’s stock.

Spectrum Brands Stock Down 11.8 %

Shares of SPB stock traded down $9.08 during midday trading on Friday, reaching $67.82. 3,210,957 shares of the stock were exchanged, compared to its average volume of 529,239. Spectrum Brands Holdings, Inc. has a 1 year low of $45.00 and a 1 year high of $85.25. The company’s 50 day moving average is $77.07 and its two-hundred day moving average is $76.58. The company has a current ratio of 2.23, a quick ratio of 1.94 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2.42 billion, a PE ratio of 1.52, a price-to-earnings-growth ratio of 0.66 and a beta of 1.36.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Friday, November 17th. The company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.33. Spectrum Brands had a return on equity of 1.99% and a net margin of 61.47%. The firm had revenue of $740.70 million for the quarter, compared to the consensus estimate of $739.43 million. During the same quarter in the prior year, the business earned $0.48 EPS. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities research analysts predict that Spectrum Brands Holdings, Inc. will post 1.39 EPS for the current year.

Spectrum Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 30th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.68 annualized dividend and a dividend yield of 2.48%. Spectrum Brands’s payout ratio is currently 3.77%.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. 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, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington and LumaBella brands.