Larson Financial Group LLC Increases Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Larson Financial Group LLC boosted its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 72.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 359 shares of the company’s stock after acquiring an additional 151 shares during the period. Larson Financial Group LLC’s holdings in Spectrum Brands were worth $29,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its holdings in Spectrum Brands by 1,713.6% in the 4th quarter. International Assets Investment Management LLC now owns 399 shares of the company’s stock valued at $32,000 after purchasing an additional 377 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Spectrum Brands by 53.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the company’s stock valued at $36,000 after purchasing an additional 160 shares during the last quarter. Fifth Third Bancorp acquired a new position in Spectrum Brands in the 4th quarter valued at about $71,000. DekaBank Deutsche Girozentrale acquired a new position in Spectrum Brands in the 4th quarter valued at about $79,000. Finally, USA Financial Formulas acquired a new position in Spectrum Brands in the 3rd quarter valued at about $101,000.

Spectrum Brands Trading Up 2.8 %

Shares of NYSE:SPB opened at $82.59 on Friday. Spectrum Brands Holdings, Inc. has a 52 week low of $64.04 and a 52 week high of $89.64. The company’s 50 day moving average is $82.86 and its two-hundred day moving average is $79.04. The company has a current ratio of 3.36, a quick ratio of 2.75 and a debt-to-equity ratio of 0.60. The company has a market cap of $2.50 billion, a PE ratio of 1.79, a P/E/G ratio of 0.56 and a beta of 1.20.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.47. Spectrum Brands had a net margin of 63.89% and a return on equity of 4.66%. The company had revenue of $692.20 million for the quarter, compared to the consensus estimate of $674.20 million. During the same period in the prior year, the firm posted ($0.32) EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. Equities analysts predict that Spectrum Brands Holdings, Inc. will post 3.79 earnings per share for the current fiscal year.

Spectrum Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 20th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Friday, February 16th. Spectrum Brands’s dividend payout ratio is presently 3.65%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SPB shares. Canaccord Genuity Group reiterated a “hold” rating and issued a $86.00 target price (up from $83.00) on shares of Spectrum Brands in a report on Friday, February 9th. Canaccord Genuity Group lowered shares of Spectrum Brands from a “buy” rating to a “hold” rating and boosted their target price for the company from $83.00 to $86.00 in a report on Friday, February 9th. Royal Bank of Canada upped their price objective on shares of Spectrum Brands from $89.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. StockNews.com upgraded shares of Spectrum Brands from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Finally, Wells Fargo & Company upped their price objective on shares of Spectrum Brands from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Spectrum Brands presently has a consensus rating of “Hold” and a consensus price target of $89.17.

About Spectrum Brands

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.