Fuller & Thaler Asset Management Inc. Buys Shares of 7,380 Spectrum Brands Holdings Inc. $SPB

Fuller & Thaler Asset Management Inc. purchased a new position in shares of Spectrum Brands Holdings Inc. (NYSE:SPB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,380 shares of the company’s stock, valued at approximately $528,000.

Several other institutional investors and hedge funds have also made changes to their positions in SPB. Versant Capital Management Inc lifted its position in Spectrum Brands by 101.7% in the first quarter. Versant Capital Management Inc now owns 970 shares of the company’s stock worth $69,000 after purchasing an additional 489 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Spectrum Brands by 89.6% in the fourth quarter. Lazard Asset Management LLC now owns 1,464 shares of the company’s stock valued at $123,000 after buying an additional 692 shares during the period. New York State Teachers Retirement System bought a new position in Spectrum Brands during the first quarter valued at about $118,000. Wealth Enhancement Advisory Services LLC grew its holdings in Spectrum Brands by 13.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,259 shares of the company’s stock worth $275,000 after acquiring an additional 396 shares during the period. Finally, Pallas Capital Advisors LLC bought a new stake in Spectrum Brands in the first quarter worth about $253,000.

Spectrum Brands Price Performance

SPB opened at $55.1420 on Thursday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 20.58 and a beta of 0.86. The stock has a fifty day moving average of $55.31 and a 200-day moving average of $63.15. The company has a quick ratio of 1.50, a current ratio of 2.42 and a debt-to-equity ratio of 0.35. Spectrum Brands Holdings Inc. has a 12-month low of $50.73 and a 12-month high of $96.62.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.01). The business had revenue of $699.60 million for the quarter, compared to analysts’ expectations of $742.13 million. Spectrum Brands had a net margin of 2.56% and a return on equity of 5.27%. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS. Equities analysts forecast that Spectrum Brands Holdings Inc. will post 5.06 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, August 26th will be issued a $0.47 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.4%. Spectrum Brands’s dividend payout ratio is currently 70.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Monness Crespi & Hardt reduced their price objective on shares of Spectrum Brands from $106.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th. Wells Fargo & Company decreased their target price on Spectrum Brands from $65.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 9th. Canaccord Genuity Group cut their target price on Spectrum Brands from $77.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Wall Street Zen upgraded Spectrum Brands from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Royal Bank Of Canada set a $75.00 price target on Spectrum Brands and gave the stock an “outperform” rating in a research note on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.80.

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.