Spectrum Brands (NYSE:SPB) CEO David Maura Buys 2,500 Shares

Spectrum Brands Holdings Inc. (NYSE:SPB) CEO David Maura bought 2,500 shares of the stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $72.85 per share, with a total value of $182,125.00. Following the completion of the purchase, the chief executive officer directly owned 790,708 shares of the company’s stock, valued at approximately $57,603,077.80. This represents a 0.32% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Spectrum Brands Stock Up 3.9%

Shares of Spectrum Brands stock opened at $78.49 on Friday. The business has a 50-day moving average of $78.00 and a 200-day moving average of $69.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.29 and a quick ratio of 1.42. The company has a market capitalization of $1.82 billion, a PE ratio of 14.98, a P/E/G ratio of 2.37 and a beta of 0.67. Spectrum Brands Holdings Inc. has a 1-year low of $49.99 and a 1-year high of $86.96.

Spectrum Brands (NYSE:SPB) last announced its earnings results on Thursday, May 7th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.21. The company had revenue of $708.90 million during the quarter, compared to the consensus estimate of $676.45 million. Spectrum Brands had a return on equity of 8.23% and a net margin of 4.47%.The company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. As a group, equities analysts forecast that Spectrum Brands Holdings Inc. will post 5.32 EPS for the current fiscal year.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, May 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.4%. Spectrum Brands’s dividend payout ratio (DPR) is currently 35.88%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SPB. Northwestern Mutual Wealth Management Co. boosted its stake in Spectrum Brands by 7,237.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 587 shares of the company’s stock valued at $31,000 after acquiring an additional 579 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Spectrum Brands by 96.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 630 shares of the company’s stock valued at $37,000 after acquiring an additional 310 shares during the period. Farther Finance Advisors LLC boosted its stake in Spectrum Brands by 111.7% in the fourth quarter. Farther Finance Advisors LLC now owns 635 shares of the company’s stock valued at $38,000 after acquiring an additional 335 shares during the period. Headlands Technologies LLC acquired a new position in Spectrum Brands in the second quarter valued at approximately $41,000. Finally, State of Alaska Department of Revenue acquired a new position in Spectrum Brands in the third quarter valued at approximately $49,000.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Spectrum Brands from $62.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Oppenheimer raised their target price on Spectrum Brands from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Royal Bank Of Canada set a $85.00 price target on Spectrum Brands in a research note on Friday, February 6th. Canaccord Genuity Group lifted their price target on Spectrum Brands from $94.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded Spectrum Brands from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Spectrum Brands currently has an average rating of “Moderate Buy” and an average target price of $86.20.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.