Hamilton Beach Brands (NYSE:HBB) Trading Down 0.5% – What’s Next?

Shares of Hamilton Beach Brands Holding Company (NYSE:HBB) were down 0.5% during trading on Monday . The company traded as low as $15.62 and last traded at $15.8340. Approximately 59,662 shares traded hands during mid-day trading, an increase of 131% from the average daily volume of 25,812 shares. The stock had previously closed at $15.91.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hamilton Beach Brands in a research report on Monday, December 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Hamilton Beach Brands has a consensus rating of “Hold”.

Hamilton Beach Brands Stock Down 0.5%

The stock has a market capitalization of $212.81 million, a price-to-earnings ratio of 6.80 and a beta of 0.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.15 and a quick ratio of 0.86. The firm’s fifty day moving average is $15.20 and its 200-day moving average is $15.64.

Hamilton Beach Brands (NYSE:HBB) last released its earnings results on Wednesday, November 5th. The company reported $0.12 earnings per share for the quarter. Hamilton Beach Brands had a net margin of 5.25% and a return on equity of 19.42%. The company had revenue of $132.78 million during the quarter.

Hamilton Beach Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, December 1st. Hamilton Beach Brands’s dividend payout ratio (DPR) is currently 20.60%.

Hamilton Beach Brands declared that its Board of Directors has initiated a stock buyback program on Thursday, November 20th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 13.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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 grew its position in shares of 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 valued at $50,000 after buying an additional 2,091 shares during the last quarter. Advisory Services Network LLC acquired a new position in Hamilton Beach Brands in the third quarter valued at approximately $96,000. Osaic Holdings Inc. grew its holdings 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 valued at $103,000 after purchasing an additional 757 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Hamilton Beach Brands during the 3rd quarter worth approximately $164,000. Finally, Nuveen LLC bought a new stake in shares of Hamilton Beach Brands in the 1st quarter worth approximately $245,000. 50.55% of the stock is owned by institutional investors and hedge funds.

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.