Gamco Investors INC. ET AL Has $20.92 Million Holdings in Spectrum Brands Holdings Inc. $SPB

Gamco Investors INC. ET AL lifted its holdings in shares of Spectrum Brands Holdings Inc. (NYSE:SPB – Free Report) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 354,082 shares of the company’s stock after purchasing an additional 28,569 shares during the period. Gamco Investors INC. ET AL’s holdings in Spectrum Brands were worth $20,919,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Spectrum Brands by 374,119.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,196,666 shares of the company’s stock worth $129,779,000 after purchasing an additional 2,196,079 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Spectrum Brands by 9.6% during the fourth quarter. First Eagle Investment Management LLC now owns 206,772 shares of the company’s stock worth $12,216,000 after purchasing an additional 18,100 shares during the period. Manning & Napier Advisors LLC lifted its holdings in shares of Spectrum Brands by 9.1% during the fourth quarter. Manning & Napier Advisors LLC now owns 300,000 shares of the company’s stock worth $17,724,000 after purchasing an additional 25,000 shares during the period. Crestwood Advisors Group LLC acquired a new position in shares of Spectrum Brands during the fourth quarter worth $264,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Spectrum Brands during the fourth quarter worth $239,000.

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Spectrum Brands Price Performance

Shares of NYSE SPB opened at $77.26 on Tuesday. Spectrum Brands Holdings Inc. has a twelve month low of $49.99 and a twelve month high of $86.96. The firm has a fifty day simple moving average of $78.08 and a 200 day simple moving average of $68.74. The company has a market capitalization of $1.79 billion, a PE ratio of 14.74, a P/E/G ratio of 2.42 and a beta of 0.67. The company has a quick ratio of 1.42, a current ratio of 2.29 and a debt-to-equity ratio of 0.30.

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

Spectrum Brands Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on SPB shares. Wells Fargo & Company lifted their price target on shares of Spectrum Brands from $62.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Weiss Ratings upgraded shares of Spectrum Brands from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $81.00 target price on shares of Spectrum Brands in a research note on Friday, May 8th. Oppenheimer lifted their target price on shares of Spectrum Brands from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Finally, Royal Bank Of Canada set a $85.00 target price on shares of Spectrum Brands in a research note on Friday, February 6th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $86.20.

Check Out Our Latest Stock Analysis on Spectrum Brands

Spectrum Brands Profile

(Free Report)

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.

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