Pzena Investment Management LLC Buys 22,484 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Pzena Investment Management LLC lifted its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,333,345 shares of the company's stock after purchasing an additional 22,484 shares during the quarter. Pzena Investment Management LLC owned 4.88% of Spectrum Brands worth $112,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Spectrum Brands in the third quarter worth $31,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Spectrum Brands in the fourth quarter worth $50,000. Farther Finance Advisors LLC grew its holdings in shares of 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 acquiring an additional 261 shares during the period. Quantbot Technologies LP bought a new stake in shares of Spectrum Brands in the third quarter worth $62,000. Finally, Quarry LP grew its holdings in shares of Spectrum Brands by 70.9% in the third quarter. Quarry LP now owns 974 shares of the company's stock worth $93,000 after acquiring an additional 404 shares during the period.

Analyst Upgrades and Downgrades

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

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Spectrum Brands Trading Up 1.4 %

Shares of SPB traded up $1.00 during mid-day trading on Friday, reaching $71.55. 455,390 shares of the company's stock traded hands, compared to its average volume of 381,574. The stock has a market cap of $1.88 billion, a P/E ratio of 17.58, a P/E/G ratio of 1.70 and a beta of 1.20. The stock's 50-day moving average is $80.41 and its two-hundred day moving average is $87.26. Spectrum Brands Holdings, Inc. has a 12 month low of $70.09 and a 12 month high of $96.74. 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 (NYSE:SPB - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, beating analysts' consensus estimates 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 EPS. 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a $0.47 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.88 annualized dividend and a yield of 2.63%. Spectrum Brands's dividend payout ratio (DPR) is currently 46.19%.

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.