BB&T Securities LLC grew its stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 10.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,471 shares of the company’s stock after buying an additional 1,179 shares during the quarter. BB&T Securities LLC’s holdings in Spectrum Brands were worth $1,320,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. boosted its stake in shares of Spectrum Brands by 33.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock valued at $100,000 after buying an additional 200 shares during the period. Pacad Investment Ltd. purchased a new position in shares of Spectrum Brands in the 2nd quarter valued at about $113,000. Toronto Dominion Bank boosted its stake in shares of Spectrum Brands by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock valued at $119,000 after buying an additional 794 shares during the period. FNY Partners Fund LP purchased a new position in shares of Spectrum Brands in the 2nd quarter valued at about $187,000. Finally, SG Americas Securities LLC boosted its stake in shares of Spectrum Brands by 50.6% in the 2nd quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after buying an additional 533 shares during the period. Institutional investors and hedge funds own 48.26% of the company’s stock.

Several equities analysts have recently issued reports on the company. Oppenheimer reiterated a “buy” rating and issued a $167.00 price objective on shares of Spectrum Brands in a research note on Monday, November 20th. BMO Capital Markets set a $132.00 target price on Spectrum Brands and gave the stock a “buy” rating in a research note on Friday, November 17th. Zacks Investment Research upgraded Spectrum Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. KeyCorp set a $130.00 target price on Spectrum Brands and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, Bank of America boosted their target price on Spectrum Brands from $113.00 to $116.00 and gave the stock a “neutral” rating in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Spectrum Brands currently has an average rating of “Buy” and an average target price of $137.25.

Spectrum Brands Holdings, Inc. (NYSE:SPB) traded up $1.11 during mid-day trading on Friday, reaching $115.70. The company had a trading volume of 547,400 shares, compared to its average volume of 437,692. The stock has a market capitalization of $6,603.37, a PE ratio of 20.99, a price-to-earnings-growth ratio of 1.83 and a beta of 0.76. Spectrum Brands Holdings, Inc. has a 12-month low of $98.11 and a 12-month high of $146.09. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.75 and a current ratio of 1.44.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Thursday, November 16th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.12). The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. Spectrum Brands’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 EPS. research analysts predict that Spectrum Brands Holdings, Inc. will post 6.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 28th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Monday, November 27th. Spectrum Brands’s payout ratio is 33.33%.

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Spectrum Brands Profile

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

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Institutional Ownership by Quarter for Spectrum Brands (NYSE:SPB)

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