National Bank of Canada FI Has $4.23 Million Stock Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

National Bank of Canada FI boosted its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 10,046.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,441 shares of the company's stock after purchasing an additional 44,003 shares during the period. National Bank of Canada FI owned about 0.16% of Spectrum Brands worth $4,228,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Waldron Private Wealth LLC bought a new position in Spectrum Brands during the third quarter valued at approximately $27,000. Brooklyn Investment Group bought a new position in shares of Spectrum Brands during the 3rd quarter valued at $31,000. International Assets Investment Management LLC lifted its stake in shares of Spectrum Brands by 9,420.0% in the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company's stock valued at $45,000 after purchasing an additional 471 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Spectrum Brands by 92.2% in the third quarter. Farther Finance Advisors LLC now owns 544 shares of the company's stock worth $52,000 after purchasing an additional 261 shares in the last quarter. Finally, Quarry LP raised its holdings in Spectrum Brands by 375.0% during the second quarter. Quarry LP now owns 570 shares of the company's stock valued at $49,000 after buying an additional 450 shares in the last quarter.

Spectrum Brands Stock Performance

Shares of NYSE SPB traded down $0.68 during mid-day trading on Friday, hitting $90.48. The company had a trading volume of 295,958 shares, compared to its average volume of 384,900. The business's 50-day simple moving average is $91.49 and its 200-day simple moving average is $89.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. Spectrum Brands Holdings, Inc. has a 12 month low of $75.50 and a 12 month high of $96.74. The firm has a market cap of $2.54 billion, a P/E ratio of 22.37, a PEG ratio of 1.59 and a beta of 1.19.

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings results on Friday, November 15th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.16). The business had revenue of $773.70 million during the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $1.36 EPS. As a group, analysts predict that Spectrum Brands Holdings, Inc. will post 5.25 earnings per share for the current fiscal year.

Spectrum Brands Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be paid a $0.47 dividend. This is a positive change from Spectrum Brands's previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, November 26th. This represents a $1.88 annualized dividend and a yield of 2.08%. Spectrum Brands's payout ratio is currently 46.08%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their price objective on Spectrum Brands from $91.00 to $94.00 and gave the company a "hold" rating in a research note on Monday, November 18th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $102.38.

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.