First Hawaiian Bank Raises Stake in Spectrum Brands Holdings, Inc. (NYSE:SPB)

First Hawaiian Bank increased its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 42.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,136 shares of the company’s stock after buying an additional 3,036 shares during the quarter. First Hawaiian Bank’s holdings in Spectrum Brands were worth $902,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Confluence Investment Management LLC acquired a new stake in shares of Spectrum Brands in the first quarter worth $12,814,000. Redwood Investment Management LLC grew its position in Spectrum Brands by 273.6% during the 4th quarter. Redwood Investment Management LLC now owns 76,092 shares of the company’s stock worth $6,070,000 after purchasing an additional 55,727 shares during the period. Seven Eight Capital LP purchased a new position in shares of Spectrum Brands during the 4th quarter valued at about $1,146,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Spectrum Brands during the 4th quarter valued at about $3,525,000. Finally, Alberta Investment Management Corp lifted its holdings in shares of Spectrum Brands by 7.9% in the 4th quarter. Alberta Investment Management Corp now owns 748,700 shares of the company’s stock valued at $59,724,000 after buying an additional 55,100 shares during the period.

Analyst Ratings Changes

SPB has been the topic of several analyst reports. Wells Fargo & Company raised their target price on Spectrum Brands from $85.00 to $95.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Monness Crespi & Hardt raised their price objective on shares of Spectrum Brands from $98.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Spectrum Brands from $85.00 to $91.00 and gave the company a “hold” rating in a research note on Friday, May 10th. Oppenheimer increased their price target on shares of Spectrum Brands from $88.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Finally, Canaccord Genuity Group lifted their price objective on shares of Spectrum Brands from $86.00 to $92.00 and gave the company a “hold” rating in a report on Friday, May 10th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Spectrum Brands presently has a consensus rating of “Hold” and an average price target of $99.86.

Spectrum Brands Trading Down 1.1 %

Shares of SPB stock opened at $90.06 on Friday. Spectrum Brands Holdings, Inc. has a 1-year low of $65.27 and a 1-year high of $96.74. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 1.82, a PEG ratio of 0.40 and a beta of 1.18. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.73 and a quick ratio of 3.05. The stock has a 50 day simple moving average of $87.61 and a 200-day simple moving average of $83.35.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, May 9th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $0.49 by $1.13. The company had revenue of $718.50 million during the quarter, compared to analyst estimates of $708.54 million. Spectrum Brands had a net margin of 68.11% and a return on equity of 6.43%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) EPS. On average, equities research analysts expect that Spectrum Brands Holdings, Inc. will post 4.68 EPS for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, May 28th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, May 24th. This represents a $1.68 annualized dividend and a yield of 1.87%. Spectrum Brands’s dividend payout ratio (DPR) is currently 3.40%.

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.