David M. Maura Acquires 5,000 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) Stock

Spectrum Brands Holdings, Inc. (NYSE:SPB – Get Rating) CEO David M. Maura bought 5,000 shares of Spectrum Brands stock in a transaction dated Monday, May 22nd. The shares were purchased at an average cost of $72.13 per share, for a total transaction of $360,650.00. Following the completion of the transaction, the chief executive officer now owns 673,816 shares of the company’s stock, valued at approximately $48,602,348.08. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Spectrum Brands Stock Performance

SPB stock opened at $74.00 on Friday. The company has a current ratio of 2.70, a quick ratio of 2.20 and a debt-to-equity ratio of 2.67. Spectrum Brands Holdings, Inc. has a 1-year low of $38.93 and a 1-year high of $90.59. The firm has a fifty day moving average price of $66.73 and a two-hundred day moving average price of $62.37.

Spectrum Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Tuesday, May 23rd will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, May 22nd. This represents a $1.68 annualized dividend and a dividend yield of 2.27%. Spectrum Brands’s dividend payout ratio is currently -254.55%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SPB. TheStreet raised shares of Spectrum Brands from a “d+” rating to a “c-” rating in a research report on Thursday, January 26th. StockNews.com assumed coverage on shares of Spectrum Brands in a research note on Thursday, May 18th. They issued a “sell” rating for the company. Wolfe Research assumed coverage on shares of Spectrum Brands in a research note on Thursday, March 30th. They issued a “market perform” rating for the company. Canaccord Genuity Group assumed coverage on shares of Spectrum Brands in a research note on Thursday, March 30th. They issued a “buy” rating and a $82.00 price target for the company. Finally, UBS Group lifted their price target on shares of Spectrum Brands from $84.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, March 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.86.

Hedge Funds Weigh In On Spectrum Brands

Several institutional investors have recently modified their holdings of SPB. Signaturefd LLC grew its position in shares of Spectrum Brands by 529.7% during the fourth quarter. Signaturefd LLC now owns 466 shares of the company’s stock worth $28,000 after acquiring an additional 392 shares during the last quarter. BOKF NA bought a new position in shares of Spectrum Brands during the first quarter worth about $30,000. Lazard Asset Management LLC bought a new position in shares of Spectrum Brands during the third quarter worth about $40,000. Captrust Financial Advisors grew its position in shares of Spectrum Brands by 31.7% during the first quarter. Captrust Financial Advisors now owns 503 shares of the company’s stock worth $45,000 after acquiring an additional 121 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Spectrum Brands during the third quarter worth about $47,000. Institutional investors own 95.33% of the company’s stock.

About Spectrum Brands

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Spectrum Brands Holdings, Inc engages in the manufacture and supply of residential locksets, residential builders’ hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn, garden and home pest control products, and personal insect repellents.