Spectrum Brands Holdings, Inc. (NYSE:SPB) Holdings Decreased by American Century Companies Inc.

American Century Companies Inc. cut its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,227,002 shares of the company’s stock after selling 48,352 shares during the quarter. American Century Companies Inc. owned 4.49% of Spectrum Brands worth $103,669,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SPB. Pzena Investment Management LLC raised its holdings in shares of Spectrum Brands by 1.7% during the fourth quarter. Pzena Investment Management LLC now owns 1,333,345 shares of the company’s stock worth $112,654,000 after purchasing an additional 22,484 shares during the period. State Street Corp grew its position in shares of Spectrum Brands by 1.3% during the 3rd quarter. State Street Corp now owns 590,222 shares of the company’s stock valued at $56,154,000 after buying an additional 7,783 shares during the last quarter. Wellington Management Group LLP raised its stake in Spectrum Brands by 7.6% during the third quarter. Wellington Management Group LLP now owns 513,025 shares of the company’s stock worth $48,809,000 after acquiring an additional 36,063 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Spectrum Brands by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company’s stock worth $38,089,000 after acquiring an additional 7,198 shares during the last quarter. Finally, Systematic Financial Management LP boosted its stake in Spectrum Brands by 7.5% in the third quarter. Systematic Financial Management LP now owns 346,005 shares of the company’s stock valued at $32,919,000 after acquiring an additional 24,083 shares during the period.

Spectrum Brands Price Performance

Shares of NYSE SPB opened at $71.23 on Tuesday. The firm’s 50-day simple moving average is $78.57 and its 200 day simple moving average is $86.07. The stock has a market cap of $1.87 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.70 and a beta of 1.20. 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 fifty-two week low of $68.74 and a fifty-two week high of $96.74.

Spectrum Brands (NYSE:SPB) last released its quarterly 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 net margin of 4.01% and a return on equity of 6.44%. During the same quarter in the prior year, the business posted $0.78 EPS. Equities analysts expect that Spectrum Brands Holdings, Inc. will post 5.06 EPS for the current year.

Spectrum Brands Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SPB. Wells Fargo & Company dropped their price target on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada cut their target price 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. UBS Group reduced their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and increased their price objective for the stock from $94.00 to $102.00 in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Spectrum Brands has a consensus rating of “Moderate Buy” and a consensus target price of $103.43.

About Spectrum Brands

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.