Pullen Investment Management LLC Purchases 333 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Pullen Investment Management LLC raised its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 2.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 12,361 shares of the company’s stock after acquiring an additional 333 shares during the quarter. Pullen Investment Management LLC’s holdings in Spectrum Brands were worth $884,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Anchor Capital Advisors LLC lifted its holdings in shares of Spectrum Brands by 1.2% during the 4th quarter. Anchor Capital Advisors LLC now owns 15,596 shares of the company’s stock valued at $1,318,000 after purchasing an additional 184 shares during the last quarter. Fox Run Management L.L.C. increased its position in Spectrum Brands by 5.3% during the 4th quarter. Fox Run Management L.L.C. now owns 3,645 shares of the company’s stock valued at $308,000 after buying an additional 185 shares in the last quarter. Legato Capital Management LLC raised its stake in Spectrum Brands by 2.2% in the fourth quarter. Legato Capital Management LLC now owns 9,299 shares of the company’s stock valued at $786,000 after buying an additional 198 shares during the last quarter. Humankind Investments LLC raised its stake in Spectrum Brands by 7.5% in the fourth quarter. Humankind Investments LLC now owns 5,104 shares of the company’s stock valued at $431,000 after buying an additional 355 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Spectrum Brands by 13.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,259 shares of the company’s stock worth $275,000 after acquiring an additional 396 shares in the last quarter.

Insider Activity at Spectrum Brands

In other news, CEO David M. Maura sold 66,000 shares of Spectrum Brands stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $65.53, for a total value of $4,324,980.00. Following the sale, the chief executive officer now directly owns 723,607 shares of the company’s stock, valued at $47,417,966.71. The trade was a 8.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.60% of the stock is currently owned by corporate insiders.

Spectrum Brands Stock Down 4.8%

Spectrum Brands stock opened at $51.67 on Friday. The business’s 50-day moving average price is $60.53 and its 200 day moving average price is $73.97. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 1.70 and a beta of 0.94. Spectrum Brands Holdings, Inc. has a 52 week low of $51.50 and a 52 week high of $96.62.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.67). Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. The firm had revenue of $675.70 million during the quarter, compared to analyst estimates of $701.00 million. During the same quarter last year, the company posted $1.62 EPS. The company’s revenue was down 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Tuesday, May 27th. Spectrum Brands’s dividend payout ratio is presently 89.95%.

Analyst Ratings Changes

Several equities analysts recently commented on SPB shares. Wells Fargo & Company decreased their price objective on shares of Spectrum Brands from $75.00 to $65.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Monness Crespi & Hardt decreased their price target on shares of Spectrum Brands from $106.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, May 14th. Finally, UBS Group lifted their price objective on shares of Spectrum Brands from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Spectrum Brands currently has an average rating of “Moderate Buy” and an average price target of $89.17.

Spectrum Brands Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.