Teacher Retirement System of Texas Has $1.75 Million Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Teacher Retirement System of Texas lifted its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,756 shares of the company’s stock after buying an additional 3,118 shares during the quarter. Teacher Retirement System of Texas’ holdings in Spectrum Brands were worth $1,754,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SPB. Brooklyn Investment Group acquired a new stake in Spectrum Brands during the 3rd quarter worth $31,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Spectrum Brands during the fourth quarter worth $50,000. Quantbot Technologies LP acquired a new stake in shares of Spectrum Brands during the third quarter worth $62,000. Quarry LP increased its holdings in Spectrum Brands by 70.9% in the third quarter. Quarry LP now owns 974 shares of the company’s stock valued at $93,000 after purchasing an additional 404 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Spectrum Brands by 46.5% in the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company’s stock valued at $100,000 after buying an additional 375 shares during the period.

Spectrum Brands Stock Up 1.9 %

Shares of SPB stock opened at $71.52 on Friday. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.70 and a beta of 1.20. Spectrum Brands Holdings, Inc. has a 12-month low of $68.74 and a 12-month high of $96.74. The firm has a fifty day moving average of $77.70 and a 200-day moving average of $85.70. 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 (NYSE:SPB) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same period in the prior year, the business posted $0.78 EPS. As a group, equities research analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current fiscal year.

Spectrum Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.63%. The ex-dividend date was Tuesday, February 18th. Spectrum Brands’s payout ratio is 46.19%.

Analyst Upgrades and Downgrades

SPB has been the subject of several analyst reports. Royal Bank of Canada decreased their target price on Spectrum Brands from $114.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. UBS Group cut their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Canaccord Genuity Group raised shares of Spectrum Brands from a “hold” rating to a “buy” rating and boosted their price target for the company from $94.00 to $102.00 in a report on Friday, February 7th. Finally, Wells Fargo & Company dropped their price objective on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Spectrum Brands presently has a consensus rating of “Moderate Buy” and an average target price of $103.43.

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.