BB&T Securities LLC boosted its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,292 shares of the company’s stock after buying an additional 364 shares during the period. BB&T Securities LLC’s holdings in Spectrum Brands Holdings were worth $1,411,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Spectrum Brands Holdings during the second quarter valued at approximately $100,000. Daiwa Securities Group Inc. increased its stake in shares of Spectrum Brands Holdings by 33.3% in the second quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock valued at $100,000 after buying an additional 200 shares in the last quarter. Invictus RG purchased a new stake in shares of Spectrum Brands Holdings during the first quarter valued at approximately $156,000. SG Americas Securities LLC increased its stake in shares of Spectrum Brands Holdings by 50.6% in the second quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after buying an additional 533 shares in the last quarter. Finally, TD Asset Management Inc. purchased a new stake in shares of Spectrum Brands Holdings during the first quarter valued at approximately $211,000. Institutional investors own 48.37% of the company’s stock.

Spectrum Brands Holdings, Inc. (NYSE SPB) opened at 108.88 on Friday. Spectrum Brands Holdings, Inc. has a 52-week low of $105.30 and a 52-week high of $146.09. The company has a market cap of $6.32 billion, a PE ratio of 22.29 and a beta of 0.66. The firm’s 50 day moving average is $115.77 and its 200 day moving average is $130.06.

Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.71 EPS for the quarter, missing the consensus estimate of $1.92 by $0.21. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 EPS. Analysts forecast that Spectrum Brands Holdings, Inc. will post $5.61 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 15th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.68 annualized dividend and a dividend yield of 1.54%. Spectrum Brands Holdings’s dividend payout ratio (DPR) is presently 34.29%.

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Several analysts have recently commented on the company. Wells Fargo & Company restated a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, July 27th. BidaskClub downgraded Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. BMO Capital Markets set a $155.00 price target on Spectrum Brands Holdings and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $150.00 price target (down previously from $165.00) on shares of Spectrum Brands Holdings in a research note on Thursday, July 6th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $131.00 price target (down previously from $149.00) on shares of Spectrum Brands Holdings in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Spectrum Brands Holdings presently has an average rating of “Buy” and an average target price of $143.88.

Spectrum Brands Holdings Company Profile

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

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

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