Hamilton Beach Brands (NYSE:HBB) Shares Down 0% – Here’s Why

Hamilton Beach Brands Holding Company (NYSE:HBB)’s share price traded down 0% during trading on Monday . The company traded as low as $20.30 and last traded at $20.42. Approximately 13,429 shares were traded during trading, a decline of 28% from the average session volume of 18,769 shares. The stock had previously closed at $20.43.

Analyst Ratings Changes

HBB has been the topic of a number of recent research reports. Weiss Ratings downgraded Hamilton Beach Brands from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Wall Street Zen upgraded Hamilton Beach Brands from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Hamilton Beach Brands Stock Down 2.0%

The company’s 50-day simple moving average is $19.94 and its two-hundred day simple moving average is $18.67. The firm has a market capitalization of $274.25 million, a P/E ratio of 9.68 and a beta of 0.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.98 and a quick ratio of 1.61.

Hamilton Beach Brands (NYSE:HBB) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. The firm had revenue of $121.96 million during the quarter, compared to the consensus estimate of $121.96 million. Hamilton Beach Brands had a net margin of 4.73% and a return on equity of 16.21%.

Hamilton Beach Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 1st were issued a dividend of $0.125 per share. This is a boost from Hamilton Beach Brands’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, June 1st. Hamilton Beach Brands’s dividend payout ratio is presently 23.92%.

Institutional Trading of Hamilton Beach Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its position in shares of Hamilton Beach Brands by 4.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 467,479 shares of the company’s stock valued at $6,718,000 after buying an additional 20,586 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Hamilton Beach Brands by 4.0% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 340,471 shares of the company’s stock worth $5,601,000 after acquiring an additional 13,098 shares in the last quarter. North Star Investment Management Corp. increased its holdings in Hamilton Beach Brands by 16.5% in the 1st quarter. North Star Investment Management Corp. now owns 190,600 shares of the company’s stock worth $3,612,000 after acquiring an additional 26,949 shares in the last quarter. State Street Corp raised its stake in Hamilton Beach Brands by 1.2% during the 4th quarter. State Street Corp now owns 130,005 shares of the company’s stock worth $2,139,000 after acquiring an additional 1,557 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in Hamilton Beach Brands by 5.9% during the 3rd quarter. Bridgeway Capital Management LLC now owns 118,464 shares of the company’s stock worth $1,702,000 after acquiring an additional 6,564 shares during the period. Hedge funds and other institutional investors own 50.55% of the company’s stock.

Hamilton Beach Brands Company Profile

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.