Hamilton Beach Brands (NYSE:HBB) Stock Price Up 9.7% – Time to Buy?

Hamilton Beach Brands Holding Company (NYSE:HBB)’s share price traded up 9.7% on Monday . The company traded as high as $18.28 and last traded at $18.0160. 35,897 shares traded hands during trading, an increase of 25% from the average session volume of 28,731 shares. The stock had previously closed at $16.42.

Wall Street Analysts Forecast Growth

HBB has been the subject of a number of recent analyst reports. Weiss Ratings downgraded Hamilton Beach Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Wall Street Zen raised Hamilton Beach Brands from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Hamilton Beach Brands Stock Performance

The company has a market cap of $241.95 million, a PE ratio of 9.19 and a beta of 0.20. The stock’s 50 day simple moving average is $18.56 and its two-hundred day simple moving average is $16.41. The company has a quick ratio of 1.39, a current ratio of 2.47 and a debt-to-equity ratio of 0.27.

Hamilton Beach Brands (NYSE:HBB) last released its quarterly earnings data on Wednesday, February 25th. The company reported $1.38 EPS for the quarter. The business had revenue of $212.93 million during the quarter. Hamilton Beach Brands had a return on equity of 15.70% and a net margin of 4.36%.

Hamilton Beach Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.12 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.48 annualized dividend and a yield of 2.7%. Hamilton Beach Brands’s dividend payout ratio is currently 24.49%.

Institutional Trading of Hamilton Beach Brands

A number of institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in 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 worth $50,000 after purchasing an additional 2,091 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Hamilton Beach Brands during the fourth quarter valued at approximately $93,000. Osaic Holdings Inc. grew its stake in Hamilton Beach Brands by 15.1% during the second quarter. Osaic Holdings Inc. now owns 5,766 shares of the company’s stock worth $103,000 after buying an additional 757 shares during the period. Deutsche Bank AG increased its position in shares of Hamilton Beach Brands by 14.1% in the fourth quarter. Deutsche Bank AG now owns 5,945 shares of the company’s stock worth $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 in the third quarter worth $96,000. 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.