Hamilton Beach Brands (NYSE:HBB) Stock Falls 3.4% – Time to Sell?

Hamilton Beach Brands Holding Company (NYSE:HBB)’s share price dropped 3.4% on Wednesday. The company traded as low as $32.83 and last traded at $33.4160. Approximately 104,476 shares changed hands during trading, an increase of 21% from the average daily volume of 86,614 shares. The stock had previously closed at $34.58.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. 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 upgraded Hamilton Beach Brands from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Hamilton Beach Brands currently has a consensus rating of “Buy”.

Hamilton Beach Brands Trading Down 3.4%

The firm’s 50-day simple moving average is $33.47 and its 200 day simple moving average is $25.61. The stock has a market cap of $449.11 million, a P/E ratio of 7.86 and a beta of 0.23. The company has a current ratio of 3.13, a quick ratio of 2.04 and a debt-to-equity ratio of 0.23.

Hamilton Beach Brands (NYSE:HBB) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $2.33. The company had revenue of $142.63 million for 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.1250 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 1st. Hamilton Beach Brands’s dividend payout ratio is 11.76%.

Insider Buying and Selling

In related news, CFO Sarah M. Cunningham sold 3,000 shares of the firm’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 value of $97,500.00. Following the sale, the chief financial officer directly owned 39,430 shares in the company, valued at $1,281,475. This trade represents a 7.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 38.98% of the stock is currently owned by corporate insiders.

Institutional Trading of Hamilton Beach Brands

Several hedge funds have recently added to or reduced their stakes in the business. North Star Investment Management Corp. boosted its position in Hamilton Beach Brands by 16.5% during the 1st quarter. North Star Investment Management Corp. now owns 190,600 shares of the company’s stock worth $3,612,000 after acquiring an additional 26,949 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Hamilton Beach Brands in the second quarter worth $2,130,000. Empowered Funds LLC grew its stake in shares of Hamilton Beach Brands by 9.5% in the first quarter. Empowered Funds LLC now owns 67,692 shares of the company’s stock worth $1,283,000 after purchasing an additional 5,858 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of 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 valued at $1,260,000 after purchasing an additional 4,898 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of Hamilton Beach Brands during the second quarter valued at $431,000. 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 small household and commercial appliances. Its consumer products are sold primarily under the Hamilton Beach and Proctor Silex brands and include blenders, coffee makers, toasters, slow cookers, air fryers, food processors, indoor grills, hand and stand mixers, kettles and other kitchen and home appliances.

The company also serves the food-service and hospitality industries through its Hamilton Beach Commercial business.