Flinton Capital Management LLC Invests $207,000 in Spectrum Brands Holdings Inc (SPB)

Flinton Capital Management LLC acquired a new position in shares of Spectrum Brands Holdings Inc (NYSE:SPB) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,896 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPB. First Trust Advisors LP purchased a new stake in shares of Spectrum Brands in the 3rd quarter worth $1,454,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Spectrum Brands by 36.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 37,218 shares of the company’s stock worth $2,781,000 after buying an additional 9,919 shares during the period. US Bancorp DE lifted its holdings in shares of Spectrum Brands by 5.8% in the 3rd quarter. US Bancorp DE now owns 15,337 shares of the company’s stock worth $1,146,000 after buying an additional 842 shares during the period. Gabelli Funds LLC purchased a new stake in shares of Spectrum Brands in the 3rd quarter worth $398,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Spectrum Brands in the 3rd quarter worth $3,627,000. Hedge funds and other institutional investors own 97.98% of the company’s stock.

Shares of NYSE SPB opened at $56.41 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.12 and a quick ratio of 0.91. The firm has a market cap of $3.02 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.64 and a beta of 1.90. Spectrum Brands Holdings Inc has a 1-year low of $40.54 and a 1-year high of $103.88.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Thursday, February 7th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.60). The company had revenue of $874.60 million for the quarter, compared to analysts’ expectations of $910.97 million. Spectrum Brands had a return on equity of 3.24% and a net margin of 3.32%. The company’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. As a group, equities analysts forecast that Spectrum Brands Holdings Inc will post 2.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 19th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Friday, February 15th. Spectrum Brands’s dividend payout ratio (DPR) is currently 47.46%.

Several equities research analysts have weighed in on SPB shares. Zacks Investment Research cut Spectrum Brands from a “hold” rating to a “strong sell” rating in a report on Monday, January 21st. Bank of America upgraded Spectrum Brands from a “neutral” rating to a “buy” rating and upped their target price for the stock from $50.00 to $65.00 in a report on Friday, January 18th. CIBC reiterated a “buy” rating and issued a $14.50 target price on shares of Spectrum Brands in a report on Thursday, January 10th. Royal Bank of Canada lowered their target price on Spectrum Brands to $75.00 and set an “outperform” rating for the company in a report on Monday, November 26th. Finally, ValuEngine cut Spectrum Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $62.50.

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Spectrum Brands Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.

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Institutional Ownership by Quarter for Spectrum Brands (NYSE:SPB)

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