David M. Maura Purchases 2,000 Shares of Spectrum Brands Holdings Inc. (SPB) Stock
Spectrum Brands Holdings Inc. (NYSE:SPB) insider David M. Maura purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was purchased at an average price of $127.47 per share, for a total transaction of $254,940.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Spectrum Brands Holdings Inc. (NYSE:SPB) opened at 130.80 on Tuesday. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 26.57 and a beta of 0.77. The stock’s 50 day moving average price is $130.77 and its 200-day moving average price is $117.98. Spectrum Brands Holdings Inc. has a 52-week low of $87.65 and a 52-week high of $135.18.
Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.04. The company earned $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. Spectrum Brands Holdings had a return on equity of 17.79% and a net margin of 5.44%. Spectrum Brands Holdings’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $1.42 earnings per share. On average, analysts forecast that Spectrum Brands Holdings Inc. will post $0.53 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Tuesday, August 16th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, August 12th. Spectrum Brands Holdings’s payout ratio is 32.69%.
Several hedge funds have recently modified their holdings of the stock. GAM Holding AG acquired a new stake in shares of Spectrum Brands Holdings during the second quarter worth approximately $101,000. A.R.T. Advisors LLC purchased a new position in shares of Spectrum Brands Holdings during the first quarter valued at $212,000. Legal & General Group Plc raised its position in shares of Spectrum Brands Holdings by 29.5% in the first quarter. Legal & General Group Plc now owns 1,956 shares of the company’s stock valued at $214,000 after buying an additional 446 shares during the period. Fulton Bank N.A. purchased a new position in shares of Spectrum Brands Holdings during the second quarter valued at $233,000. Finally, Royal Bank of Canada raised its position in shares of Spectrum Brands Holdings by 272.1% in the first quarter. Royal Bank of Canada now owns 2,173 shares of the company’s stock valued at $238,000 after buying an additional 1,589 shares during the period. 45.43% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on the company. Piper Jaffray Cos. assumed coverage on Spectrum Brands Holdings in a report on Thursday, September 1st. They issued an “overweight” rating and a $147.00 price target on the stock. Jefferies Group reissued a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, August 25th. Monness Crespi & Hardt increased their target price on Spectrum Brands Holdings from $125.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Deutsche Bank AG reissued a “buy” rating and issued a $140.00 target price (up previously from $125.00) on shares of Spectrum Brands Holdings in a research note on Sunday, July 24th. Finally, Zacks Investment Research lowered Spectrum Brands Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 8th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Spectrum Brands Holdings currently has an average rating of “Buy” and an average target price of $136.50.
Spectrum Brands Holdings Company Profile
Spectrum Brands Holdings, Inc (SBH) is a diversified consumer products company. The Company operates through five segments: Global Batteries & Appliances, Global Pet Supplies, Home and Garden, Hardware & Home Improvement, and Global Auto Care. The Company’s Global Batteries & Appliances segment includes consumer batteries, small appliances and personal care products.
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