Hamilton Beach Brands (NYSE:HBB) CFO Sarah Cunningham Sells 3,000 Shares of Stock

Hamilton Beach Brands Holding Company (NYSE:HBB) CFO Sarah Cunningham sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $32.50, for a total transaction of $97,500.00. Following the sale, the chief financial officer directly owned 39,430 shares in the company, valued at $1,281,475. The trade was a 7.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hamilton Beach Brands Stock Performance

NYSE HBB opened at $31.39 on Friday. The company has a market capitalization of $421.88 million, a price-to-earnings ratio of 7.39 and a beta of 0.23. Hamilton Beach Brands Holding Company has a twelve month low of $13.56 and a twelve month high of $34.26. The stock has a fifty day simple moving average of $25.70 and a 200 day simple moving average of $21.42. The company has a quick ratio of 2.04, a current ratio of 3.13 and a debt-to-equity ratio of 0.23.

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

Hamilton Beach Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.50 annualized dividend and a yield of 1.6%. Hamilton Beach Brands’s payout ratio is 11.76%.

Analyst Ratings Changes

Several research firms have weighed in on HBB. Weiss Ratings raised shares of Hamilton Beach Brands from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, August 19th. Wall Street Zen raised shares of Hamilton Beach Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Hedge Funds Weigh In On Hamilton Beach Brands

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in shares of Hamilton Beach Brands by 305.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,775 shares of the company’s stock worth $50,000 after purchasing an additional 2,091 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Hamilton Beach Brands by 498.4% during the second quarter. California State Teachers Retirement System now owns 2,280 shares of the company’s stock valued at $53,000 after buying an additional 1,899 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Hamilton Beach Brands during the fourth quarter valued at approximately $93,000. Advisory Services Network LLC bought a new stake in Hamilton Beach Brands during the third quarter worth $96,000. Finally, Deutsche Bank AG grew its holdings in Hamilton Beach Brands by 14.1% during the fourth quarter. Deutsche Bank AG now owns 5,945 shares of the company’s stock worth $98,000 after buying an additional 733 shares in the last quarter. 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.