37,557 Shares in Spectrum Brands Holdings, Inc. (NYSE:SPB) Bought by Monimus Capital Management LP

Monimus Capital Management LP bought a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 37,557 shares of the company's stock, valued at approximately $3,173,000. Spectrum Brands makes up approximately 3.0% of Monimus Capital Management LP's portfolio, making the stock its 13th largest position. Monimus Capital Management LP owned about 0.14% of Spectrum Brands at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Citigroup Inc. raised its position in Spectrum Brands by 15.9% in the third quarter. Citigroup Inc. now owns 41,048 shares of the company's stock worth $3,905,000 after acquiring an additional 5,641 shares during the period. Empowered Funds LLC purchased a new position in Spectrum Brands in the fourth quarter valued at approximately $387,000. Everence Capital Management Inc. purchased a new position in Spectrum Brands in the fourth quarter valued at approximately $553,000. SG Americas Securities LLC grew its holdings in Spectrum Brands by 478.4% during the fourth quarter. SG Americas Securities LLC now owns 13,500 shares of the company's stock valued at $1,141,000 after purchasing an additional 11,166 shares during the period. Finally, Ieq Capital LLC purchased a new stake in Spectrum Brands in the fourth quarter worth $562,000.

Spectrum Brands Price Performance

NYSE:SPB traded up $0.80 during trading hours on Monday, hitting $72.46. The stock had a trading volume of 223,893 shares, compared to its average volume of 377,483. The company has a 50 day simple moving average of $80.16 and a two-hundred day simple moving average of $87.03. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 1.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53. Spectrum Brands Holdings, Inc. has a one year low of $69.85 and a one year high of $96.74.

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Spectrum Brands (NYSE:SPB - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same quarter in the previous year, the business earned $0.78 earnings per share. Research analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands's dividend payout ratio (DPR) is 46.19%.

Wall Street Analysts Forecast Growth

SPB has been the subject of several recent research reports. UBS Group decreased their price objective on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reduced their target price on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Wells Fargo & Company dropped their price target on shares of Spectrum Brands from $92.00 to $88.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Finally, Canaccord Genuity Group raised shares of Spectrum Brands from a "hold" rating to a "buy" rating and boosted their target price for the company from $94.00 to $102.00 in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Spectrum Brands currently has an average rating of "Moderate Buy" and an average price target of $103.43.

About Spectrum Brands

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.