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
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
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.
- Get a free copy of the StockNews.com research report on Spectrum Brands (SPB)
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
- Best Buy’s Comeback Is Still At Play, Earnings Call For Patience
- e.l.f. Beauty Has Giant Quarter, Shares Hit New High
- If You Can Only Pick One Stock For The Rest Of 2023, Pick Nvidia
Receive News & Ratings for Spectrum Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands and related companies with MarketBeat.com's FREE daily email newsletter.