Hamilton Beach Brands (NYSE:HBB) Sets New 52-Week High – What’s Next?

Hamilton Beach Brands Holding Company (NYSE:HBB) shares reached a new 52-week high on Thursday . The company traded as high as $37.18 and last traded at $37.2750, with a volume of 57351 shares changing hands. The stock had previously closed at $34.58.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HBB shares. Wall Street Zen upgraded Hamilton Beach Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised Hamilton Beach Brands from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Hamilton Beach Brands Stock Performance

The firm’s 50 day simple moving average is $29.25 and its 200-day simple moving average is $23.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.04 and a current ratio of 3.13. The company has a market cap of $500.38 million, a price-to-earnings ratio of 8.76 and a beta of 0.29.

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

Hamilton Beach Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 1st. Hamilton Beach Brands’s dividend payout ratio is 11.76%.

Insider Activity

In related news, CFO Sarah M. Cunningham sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $32.50, for a total value of $97,500.00. Following the sale, the chief financial officer directly owned 39,430 shares in the company, valued at approximately $1,281,475. The trade was a 7.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 38.98% of the company’s stock.

Hedge Funds Weigh In On Hamilton Beach Brands

Several large investors have recently made changes to their positions in the stock. North Star Investment Management Corp. lifted its stake in Hamilton Beach Brands by 16.5% during the first quarter. North Star Investment Management Corp. now owns 190,600 shares of the company’s stock worth $3,612,000 after purchasing an additional 26,949 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Hamilton Beach Brands during the 2nd quarter valued at about $2,130,000. Empowered Funds LLC grew its position in Hamilton Beach Brands by 9.5% in the 1st quarter. Empowered Funds LLC now owns 67,692 shares of the company’s stock valued at $1,283,000 after acquiring an additional 5,858 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Hamilton Beach Brands by 8.0% during the first quarter. PNC Financial Services Group Inc. now owns 66,500 shares of the company’s stock worth $1,260,000 after purchasing an additional 4,898 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Hamilton Beach Brands during the second quarter worth about $431,000. 50.55% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Beach Brands Company Profile

Hamilton Beach Brands Holding Company (NYSE:HBB) designs, markets and distributes a broad range of small electric household appliances and commercial foodservice equipment. Its consumer products include blenders, coffee makers, slow cookers, air fryers, toasters, toaster ovens, electric kettles, food processors, hand and stand mixers, and related kitchen appliances.

The company sells products under brands including Hamilton Beach, Proctor Silex and Weston, as well as through its Hamilton Beach Commercial business.