Hamilton Beach Brands (NYSE:HBB) Stock Price Down 0% – Here’s What Happened

Hamilton Beach Brands Holding Company (NYSE:HBB) dropped 0% during trading on Monday . The stock traded as low as $20.30 and last traded at $20.42. 13,429 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 18,769 shares. The stock had previously closed at $20.43.

Analyst Ratings Changes

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

Hamilton Beach Brands Price Performance

The stock’s 50-day moving average price is $19.93 and its 200 day moving average price is $18.64. The firm has a market cap of $276.69 million, a price-to-earnings ratio of 9.77 and a beta of 0.22. The company has a quick ratio of 1.61, a current ratio of 2.98 and a debt-to-equity ratio of 0.27.

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

Hamilton Beach Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 1st were given a $0.125 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from Hamilton Beach Brands’s previous quarterly dividend of $0.12. Hamilton Beach Brands’s dividend payout ratio is 23.92%.

Institutional Trading of Hamilton Beach Brands

A number of institutional investors and hedge funds have recently modified their holdings of HBB. 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 valued at $50,000 after purchasing an additional 2,091 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Hamilton Beach Brands during the fourth quarter worth $93,000. Osaic Holdings Inc. boosted 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 in the last quarter. Deutsche Bank AG increased its holdings in 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 buying an additional 733 shares during the period. Finally, Advisory Services Network LLC bought a new stake in Hamilton Beach Brands in the 3rd quarter valued at $96,000. 50.55% of the stock is currently owned by 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.