Hamilton Beach Brands (NYSE:HBB) Stock Price Up 1% – What’s Next?

by · The Cerbat Gem

Hamilton Beach Brands Holding Company (NYSE:HBBGet Free Report) rose 1% during mid-day trading on Monday . The stock traded as high as $20.90 and last traded at $20.7050. Approximately 40,149 shares traded hands during mid-day trading, an increase of 79% from the average daily volume of 22,448 shares. The stock had previously closed at $20.51.

Wall Street Analyst Weigh In

HBB has been the topic of several research analyst reports. Weiss Ratings lowered shares of Hamilton Beach Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Wall Street Zen upgraded shares of Hamilton Beach Brands from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Hamilton Beach Brands presently has a consensus rating of “Hold”.

Read Our Latest Stock Report on HBB

Hamilton Beach Brands Stock Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.39 and a current ratio of 2.47. The firm’s 50-day moving average price is $18.44 and its two-hundred day moving average price is $16.86. The firm has a market capitalization of $278.07 million, a price-to-earnings ratio of 10.56 and a beta of 0.19.

Hamilton Beach Brands (NYSE:HBBGet Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $1.38 earnings per share for the quarter. Hamilton Beach Brands had a net margin of 4.36% and a return on equity of 15.70%. The business had revenue of $212.93 million for the quarter.

Hamilton Beach Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, March 2nd. Hamilton Beach Brands’s payout ratio is 24.49%.

Institutional Trading of Hamilton Beach Brands

Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position in shares of Hamilton Beach Brands by 305.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,775 shares of the company’s stock valued at $50,000 after acquiring an additional 2,091 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Hamilton Beach Brands during the 4th quarter valued at about $93,000. Osaic Holdings Inc. boosted its position in shares of Hamilton Beach Brands by 15.1% during the 2nd quarter. Osaic Holdings Inc. now owns 5,766 shares of the company’s stock valued at $103,000 after acquiring an additional 757 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Hamilton Beach Brands by 14.1% during the 4th quarter. Deutsche Bank AG now owns 5,945 shares of the company’s stock valued at $98,000 after acquiring an additional 733 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Hamilton Beach Brands during the 3rd quarter valued at about $96,000. 50.55% of the stock is currently owned by institutional investors and hedge funds.

About Hamilton Beach Brands

(Get Free Report)

Hamilton Beach Brands Holding Company is a designer, marketer and distributor of branded small kitchen and household appliances. The company’s product portfolio spans a range of countertop and electric appliances, including blenders, mixers, toasters, coffeemakers, slow cookers, air fryers, and specialty beverage machines. Through the Hamilton Beach and Proctor-Silex brands, the company serves both everyday consumers and commercial foodservice operators.

Established in 1910, Hamilton Beach has introduced a number of innovations in small-appliance technology, from early electric drink mixers to modern immersion blenders and multi-function cookers.

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