Arizona State Retirement System Buys 158 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Arizona State Retirement System increased its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPBFree Report) by 1.4% during the third quarter, Holdings Channel reports. The fund owned 11,675 shares of the company’s stock after purchasing an additional 158 shares during the period. Arizona State Retirement System’s holdings in Spectrum Brands were worth $915,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. 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 purchasing an additional 121 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Spectrum Brands by 53.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company’s stock worth $36,000 after buying an additional 160 shares during the period. Principal Financial Group Inc. raised its stake in Spectrum Brands by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 3,156 shares of the company’s stock worth $247,000 after buying an additional 166 shares during the period. CWM LLC raised its stake in Spectrum Brands by 34.6% during the 2nd quarter. CWM LLC now owns 689 shares of the company’s stock worth $54,000 after buying an additional 177 shares during the period. Finally, Deutsche Bank AG raised its stake in Spectrum Brands by 0.7% during the 1st quarter. Deutsche Bank AG now owns 35,250 shares of the company’s stock worth $2,334,000 after buying an additional 237 shares during the period.

Insider Activity

In related news, CEO David M. Maura acquired 20,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was bought at an average price of $66.41 per share, for a total transaction of $1,328,200.00. Following the acquisition, the chief executive officer now directly owns 744,391 shares of the company’s stock, valued at $49,435,006.31. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Spectrum Brands news, EVP Ehsan Zargar purchased 1,053 shares of Spectrum Brands stock in a transaction that occurred on Monday, November 27th. The stock was acquired at an average price of $66.50 per share, for a total transaction of $70,024.50. Following the completion of the acquisition, the executive vice president now owns 145,415 shares of the company’s stock, valued at approximately $9,670,097.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David M. Maura purchased 20,000 shares of Spectrum Brands stock in a transaction that occurred on Monday, November 27th. The shares were acquired at an average price of $66.41 per share, with a total value of $1,328,200.00. Following the acquisition, the chief executive officer now directly owns 744,391 shares of the company’s stock, valued at approximately $49,435,006.31. The disclosure for this purchase can be found here. 2.60% of the stock is owned by corporate insiders.

Spectrum Brands Stock Performance

SPB opened at $79.47 on Wednesday. The business’s 50-day moving average price is $77.54 and its two-hundred day moving average price is $77.32. Spectrum Brands Holdings, Inc. has a 1 year low of $56.69 and a 1 year high of $85.25. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 1.78, a P/E/G ratio of 0.71 and a beta of 1.19. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.83 and a quick ratio of 3.22.

Spectrum Brands (NYSE:SPBGet Free Report) last announced its quarterly earnings data on Friday, November 17th. The company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.33. The company had revenue of $740.70 million during the quarter, compared to analysts’ expectations of $739.43 million. Spectrum Brands had a return on equity of 3.22% and a net margin of 61.72%. Spectrum Brands’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. Equities analysts expect that Spectrum Brands Holdings, Inc. will post 3.72 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Thursday, November 30th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Wednesday, November 29th. Spectrum Brands’s payout ratio is 3.76%.

Analyst Ratings Changes

SPB has been the topic of several research analyst reports. StockNews.com raised Spectrum Brands from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Royal Bank of Canada dropped their price objective on Spectrum Brands from $96.00 to $89.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 22nd. Wells Fargo & Company downgraded Spectrum Brands from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $90.00 to $73.00 in a research note on Monday, November 20th. Finally, Canaccord Genuity Group dropped their price target on Spectrum Brands from $94.00 to $83.00 and set a “buy” rating on the stock in a research note on Monday, November 20th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.40.

Read Our Latest Research Report on SPB

Spectrum Brands Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Spectrum Brands (NYSE:SPB)

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