Semanteon Capital Management LP Takes Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Semanteon Capital Management LP bought a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,989 shares of the company's stock, valued at approximately $506,000.

Several other hedge funds have also bought and sold shares of the stock. Brooklyn Investment Group purchased a new stake in shares of Spectrum Brands during the 3rd quarter valued at $31,000. Steward Partners Investment Advisory LLC purchased a new stake in Spectrum Brands during the fourth quarter valued at about $50,000. Quantbot Technologies LP bought a new stake in Spectrum Brands during the third quarter worth about $62,000. Quarry LP boosted its holdings in shares of Spectrum Brands by 70.9% in the 3rd quarter. Quarry LP now owns 974 shares of the company's stock worth $93,000 after purchasing an additional 404 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Spectrum Brands by 46.5% during the 4th quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock valued at $100,000 after purchasing an additional 375 shares during the last quarter.

Analysts Set New Price Targets

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

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Spectrum Brands Trading Up 0.5 %

NYSE SPB traded up $0.36 during trading on Wednesday, hitting $70.17. The company had a trading volume of 338,106 shares, compared to its average volume of 377,344. The company's fifty day moving average is $78.28 and its 200-day moving average is $85.91. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.70 and a beta of 1.20. The company has a current ratio of 2.40, a quick ratio of 1.53 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.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.02 earnings per share (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 period in the prior year, the business earned $0.78 earnings per share. On average, sell-side analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Tuesday, February 18th. Spectrum Brands's payout ratio 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.