Teacher Retirement System of Texas Sells 1,137 Shares of Spectrum Brands Holdings Inc. $SPB

Teacher Retirement System of Texas trimmed its position in shares of Spectrum Brands Holdings Inc. (NYSE:SPB) by 23.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,816 shares of the company’s stock after selling 1,137 shares during the quarter. Teacher Retirement System of Texas’ holdings in Spectrum Brands were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SPB. GAMMA Investing LLC boosted its holdings in shares of Spectrum Brands by 120.3% in the 2nd quarter. GAMMA Investing LLC now owns 489 shares of the company’s stock worth $26,000 after acquiring an additional 267 shares in the last quarter. Blue Trust Inc. raised its position in Spectrum Brands by 44.8% in the 2nd quarter. Blue Trust Inc. now owns 1,060 shares of the company’s stock valued at $56,000 after purchasing an additional 328 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Spectrum Brands by 13.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,767 shares of the company’s stock worth $94,000 after purchasing an additional 215 shares in the last quarter. Quarry LP acquired a new position in Spectrum Brands in the first quarter worth $157,000. Finally, Amundi bought a new stake in shares of Spectrum Brands during the first quarter worth $176,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on SPB shares. Wall Street Zen cut Spectrum Brands from a “hold” rating to a “sell” rating in a report on Monday. Royal Bank Of Canada set a $75.00 price objective on shares of Spectrum Brands and gave the company an “outperform” rating in a research report on Monday, August 11th. Wells Fargo & Company reduced their target price on shares of Spectrum Brands from $60.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Canaccord Genuity Group decreased their price target on shares of Spectrum Brands from $77.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Spectrum Brands in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.80.

Spectrum Brands Trading Up 3.2%

SPB opened at $53.26 on Thursday. The firm has a 50 day simple moving average of $53.63 and a 200 day simple moving average of $55.99. Spectrum Brands Holdings Inc. has a fifty-two week low of $49.99 and a fifty-two week high of $96.62. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 19.87 and a beta of 0.82. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.42 and a quick ratio of 1.50.

Spectrum Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.5%. Spectrum Brands’s dividend payout ratio is 70.15%.

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.