Congress Wealth Management LLC DE Has $956,000 Position in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Congress Wealth Management LLC DE lessened its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 53.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,309 shares of the company's stock after selling 13,064 shares during the period. Congress Wealth Management LLC DE's holdings in Spectrum Brands were worth $956,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SPB. Brooklyn Investment Group bought a new stake in shares of Spectrum Brands during the 3rd quarter valued at approximately $31,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Spectrum Brands during the fourth quarter worth $50,000. Quantbot Technologies LP acquired a new position in shares of Spectrum Brands during the third quarter worth $62,000. Quarry LP lifted its stake in shares of Spectrum Brands by 70.9% in the 3rd quarter. Quarry LP now owns 974 shares of the company's stock valued at $93,000 after acquiring an additional 404 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings 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 acquiring an additional 375 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SPB shares. UBS Group lowered their target price on Spectrum Brands from $114.00 to $109.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Wells Fargo & Company lowered their price objective 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. Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and lifted their target price for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, Royal Bank of Canada decreased their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $103.43.

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Spectrum Brands Trading Down 0.8 %

SPB stock traded down $0.56 during trading on Tuesday, hitting $70.99. The company had a trading volume of 352,020 shares, compared to its average volume of 392,894. 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. The business has a 50-day moving average of $76.83 and a 200-day moving average of $85.23. The stock has a market cap of $1.87 billion, a PE ratio of 17.44, a PEG ratio of 1.70 and a beta of 1.20.

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 for the quarter, topping the consensus estimate of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Research analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands's dividend payout ratio is 46.19%.

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.