Hamilton Beach Brands (NYSE:HBB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hamilton Beach Brands (NYSE:HBB) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Hamilton Beach Brands in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Hamilton Beach Brands currently has an average rating of “Hold”.

Hamilton Beach Brands Trading Up 5.0%

Shares of Hamilton Beach Brands stock opened at $33.00 on Friday. The stock has a market cap of $447.15 million, a PE ratio of 7.76 and a beta of 0.23. The firm has a fifty day moving average price of $22.02 and a 200 day moving average price of $20.09. Hamilton Beach Brands has a 1 year low of $12.72 and a 1 year high of $33.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.13 and a quick ratio of 2.04.

Hamilton Beach Brands (NYSE:HBB) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.49 EPS for the quarter, beating the consensus estimate of $0.16 by $2.33. The company had revenue of $142.63 million for the quarter, compared to analyst estimates of $142.63 million. Hamilton Beach Brands had a net margin of 9.41% and a return on equity of 30.70%.

Institutional Trading of Hamilton Beach Brands

A number of hedge funds have recently added to or reduced their stakes in HBB. Tower Research Capital LLC TRC grew its position in Hamilton Beach Brands by 305.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,775 shares of the company’s stock valued at $50,000 after buying an additional 2,091 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Hamilton Beach Brands during the 4th quarter valued at about $93,000. Advisory Services Network LLC acquired a new stake in shares of Hamilton Beach Brands during the 3rd quarter valued at about $96,000. Deutsche Bank AG increased its stake in shares of Hamilton Beach Brands by 14.1% in the 4th quarter. Deutsche Bank AG now owns 5,945 shares of the company’s stock valued at $98,000 after purchasing an additional 733 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Hamilton Beach Brands by 15.1% in the 2nd quarter. Osaic Holdings Inc. now owns 5,766 shares of the company’s stock worth $103,000 after purchasing an additional 757 shares during the period. 50.55% of the stock is owned by hedge funds and other institutional investors.

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.