LS Investment Advisors LLC continued to hold its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,663 shares of the company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Spectrum Brands Holdings were worth $208,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SPB. Ardevora Asset Management LLP raised its position in Spectrum Brands Holdings by 16.9% in the second quarter. Ardevora Asset Management LLP now owns 253,800 shares of the company’s stock valued at $31,735,000 after buying an additional 36,700 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Spectrum Brands Holdings by 518.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 4,283 shares of the company’s stock valued at $536,000 after buying an additional 3,591 shares during the period. Bank of Montreal Can increased its stake in Spectrum Brands Holdings by 152.2% in the second quarter. Bank of Montreal Can now owns 29,438 shares of the company’s stock valued at $3,681,000 after buying an additional 17,764 shares during the period. American National Bank increased its stake in Spectrum Brands Holdings by 44.0% in the second quarter. American National Bank now owns 27,245 shares of the company’s stock valued at $3,407,000 after buying an additional 8,322 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Spectrum Brands Holdings during the second quarter valued at $100,000. Institutional investors and hedge funds own 48.15% of the company’s stock.

Spectrum Brands Holdings, Inc. (NYSE:SPB) traded down 0.906% during midday trading on Monday, reaching $110.975. 81,126 shares of the company’s stock traded hands. Spectrum Brands Holdings, Inc. has a 52-week low of $108.30 and a 52-week high of $146.09. The stock has a market cap of $6.44 billion, a P/E ratio of 22.722 and a beta of 0.66. The company’s 50-day moving average price is $124.71 and its 200-day moving average price is $132.49. Spectrum Brands Holdings also saw some unusual options trading activity on Friday. Stock investors purchased 13,921 call options on the company. This is an increase of 912% compared to the typical volume of 1,376 call options.

Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings results on Thursday, July 27th. The company reported $1.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by $0.21. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the business earned $1.73 earnings per share. The company’s revenue was down 4.2% on a year-over-year basis. On average, equities analysts predict that Spectrum Brands Holdings, Inc. will post $5.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.68 dividend on an annualized basis and a yield of 1.50%. Spectrum Brands Holdings’s dividend payout ratio (DPR) is currently 34.29%.

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Several research firms have weighed in on SPB. Deutsche Bank AG reaffirmed a “buy” rating and issued a $131.00 price target (down from $149.00) on shares of Spectrum Brands Holdings in a research note on Monday, July 31st. Jefferies Group LLC set a $143.00 price target on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a research note on Saturday, July 29th. Royal Bank Of Canada set a $155.00 price target on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 29th. Finally, BMO Capital Markets decreased their price target on shares of Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Spectrum Brands Holdings currently has a consensus rating of “Buy” and an average target price of $143.88.

Spectrum Brands Holdings Company Profile

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

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

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