Brooklyn Investment Group Purchases Shares of 325 Spectrum Brands Holdings, Inc. (NYSE:SPB)

Brooklyn Investment Group purchased a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 325 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors have also made changes to their positions in SPB. DekaBank Deutsche Girozentrale increased its position in Spectrum Brands by 24.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 1,225 shares of the company’s stock worth $104,000 after acquiring an additional 240 shares during the period. Farther Finance Advisors LLC increased its stake in Spectrum Brands by 92.2% during the third quarter. Farther Finance Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after acquiring an additional 261 shares during the period. Waldron Private Wealth LLC acquired a new position in Spectrum Brands in the 3rd quarter valued at approximately $27,000. State of New Jersey Common Pension Fund D lifted its position in shares of Spectrum Brands by 1.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,477 shares of the company’s stock worth $2,043,000 after acquiring an additional 345 shares during the period. Finally, nVerses Capital LLC grew its holdings in shares of Spectrum Brands by 28.6% during the 3rd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $171,000 after purchasing an additional 400 shares in the last quarter.

Spectrum Brands Stock Up 0.2 %

NYSE SPB opened at $91.95 on Friday. The stock’s 50 day simple moving average is $91.36 and its 200 day simple moving average is $89.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. Spectrum Brands Holdings, Inc. has a one year low of $67.34 and a one year high of $96.74. The firm has a market cap of $2.58 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23.

Spectrum Brands (NYSE:SPB) last announced its earnings results on Friday, November 15th. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.16). The business had revenue of $773.70 million during the quarter, compared to analyst estimates of $747.80 million. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 earnings per share. As a group, sell-side analysts forecast that Spectrum Brands Holdings, Inc. will post 5.25 earnings per share for the current fiscal year.

Spectrum Brands Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.04%. This is a positive change from Spectrum Brands’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, November 26th. Spectrum Brands’s dividend payout ratio is presently 46.08%.

Wall Street Analysts Forecast Growth

SPB has been the subject of several research reports. UBS Group raised their target price on Spectrum Brands from $111.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Wells Fargo & Company upped their target price on shares of Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, Canaccord Genuity Group increased their target price on Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a report on Monday, November 18th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.38.

Spectrum Brands Company 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.