Semanteon Capital Management LP Invests $506,000 in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Semanteon Capital Management LP purchased 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 & Exchange Commission. The fund purchased 5,989 shares of the company's stock, valued at approximately $506,000.

Several other institutional investors have also recently made changes to their positions in SPB. Brooklyn Investment Group bought a new stake in Spectrum Brands in the 3rd quarter valued at about $31,000. Steward Partners Investment Advisory LLC acquired a new stake in Spectrum Brands in the fourth quarter valued at approximately $50,000. Quantbot Technologies LP bought a new stake in shares of Spectrum Brands during the third quarter valued at approximately $62,000. Quarry LP raised its position in shares of Spectrum Brands by 70.9% during the third quarter. Quarry LP now owns 974 shares of the company's stock worth $93,000 after purchasing an additional 404 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Spectrum Brands by 46.5% in the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock worth $100,000 after purchasing an additional 375 shares in the last quarter.

Spectrum Brands Stock Performance

Spectrum Brands stock traded up $1.56 during mid-day trading on Monday, reaching $71.23. 247,447 shares of the company's stock were exchanged, compared to its average volume of 377,743. The business's fifty day simple moving average is $78.82 and its 200 day simple moving average is $86.23. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. Spectrum Brands Holdings, Inc. has a one year low of $68.74 and a one year high of $96.74. The firm has a market capitalization of $1.87 billion, a PE ratio of 17.50, a P/E/G ratio of 1.70 and a beta of 1.20.

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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, topping 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 posted $0.78 EPS. On average, sell-side analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands's dividend payout ratio is currently 46.19%.

Analyst Upgrades and Downgrades

SPB has been the subject of a number of recent research reports. Wells Fargo & Company decreased 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. Canaccord Genuity Group upgraded Spectrum Brands from a "hold" rating to a "buy" rating and upped their price target for the stock from $94.00 to $102.00 in a report on Friday, February 7th. Royal Bank of Canada dropped their price objective on Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Finally, UBS Group cut their price objective on shares of Spectrum Brands from $114.00 to $109.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Spectrum Brands presently has an average rating of "Moderate Buy" and an average price target of $103.43.

Spectrum Brands Company 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.