Caprock Group LLC Invests $654,000 in Spectrum Brands Holdings Inc. $SPB

Caprock Group LLC bought a new stake in Spectrum Brands Holdings Inc. (NYSE:SPB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,325 shares of the company’s stock, valued at approximately $654,000.

A number of other large investors have also recently bought and sold shares of the business. Nisa Investment Advisors LLC increased 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 valued at $94,000 after purchasing an additional 215 shares during the period. MQS Management LLC grew its holdings in shares of Spectrum Brands by 13.6% during the second quarter. MQS Management LLC now owns 5,365 shares of the company’s stock worth $284,000 after buying an additional 642 shares during the last quarter. Lido Advisors LLC increased its position in Spectrum Brands by 11.7% in the 2nd quarter. Lido Advisors LLC now owns 7,095 shares of the company’s stock valued at $376,000 after acquiring an additional 741 shares during the period. Headlands Technologies LLC acquired a new position in Spectrum Brands in the 2nd quarter valued at about $41,000. Finally, Versant Capital Management Inc raised its stake in Spectrum Brands by 19.2% during the 3rd quarter. Versant Capital Management Inc now owns 5,369 shares of the company’s stock valued at $282,000 after acquiring an additional 863 shares during the last quarter.

Spectrum Brands Price Performance

Shares of NYSE:SPB opened at $76.19 on Tuesday. Spectrum Brands Holdings Inc. has a 12 month low of $49.99 and a 12 month high of $80.28. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 2.56 and a beta of 0.68. The business’s 50 day simple moving average is $64.32 and its 200-day simple moving average is $58.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.21 and a quick ratio of 1.38.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Thursday, February 5th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.63. The company had revenue of $677.00 million for the quarter, compared to the consensus estimate of $667.59 million. Spectrum Brands had a return on equity of 7.65% and a net margin of 3.76%.Spectrum Brands’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.02 earnings per share. As a group, equities analysts forecast that Spectrum Brands Holdings Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, February 17th. Spectrum Brands’s dividend payout ratio is 43.42%.

Analysts Set New Price Targets

SPB has been the topic of several analyst reports. Royal Bank Of Canada set a $85.00 target price on Spectrum Brands in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Spectrum Brands in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Spectrum Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Oppenheimer raised 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, Wells Fargo & Company boosted their price target on shares of Spectrum Brands from $62.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Spectrum Brands has a consensus rating of “Moderate Buy” and an average price target of $83.00.

Spectrum Brands Company Profile

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.