Hamilton Beach Brands (NYSE:HBB) Trading 9.7% Higher – What’s Next?

Hamilton Beach Brands Holding Company (NYSE:HBB)’s share price shot up 9.7% during mid-day trading on Monday . The company traded as high as $18.28 and last traded at $18.0160. 35,897 shares changed 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 Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Hamilton Beach Brands from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Weiss Ratings lowered shares of Hamilton Beach Brands from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Hamilton Beach Brands currently has an average rating of “Hold”.

Hamilton Beach Brands Trading Up 0.4%

The business has a 50 day moving average of $18.46 and a 200 day moving average of $16.43. The firm has a market capitalization of $234.04 million, a price-to-earnings ratio of 8.89 and a beta of 0.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.47 and a quick ratio of 1.39.

Hamilton Beach Brands (NYSE:HBB) last issued its earnings results on Wednesday, February 25th. The company reported $1.38 earnings per share (EPS) for the quarter. The firm had revenue of $212.93 million for 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 disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.48 annualized dividend and a yield of 2.8%. Hamilton Beach Brands’s dividend payout ratio (DPR) is presently 24.49%.

Hedge Funds Weigh In On Hamilton Beach Brands

Several institutional investors and hedge funds have recently made changes to their positions in HBB. Tower Research Capital LLC TRC lifted its holdings in Hamilton Beach Brands by 305.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,775 shares of the company’s stock worth $50,000 after acquiring an additional 2,091 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Hamilton Beach Brands in the fourth quarter worth about $93,000. Osaic Holdings Inc. raised its position in shares of 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 purchasing an additional 757 shares during the period. Deutsche Bank AG raised its position in shares of 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 purchasing an additional 733 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Hamilton Beach Brands during the 3rd quarter valued at about $96,000. Institutional investors and hedge funds 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.