TheStreet upgraded shares of Hamilton Beach Brands (NYSE:HBB) from a c rating to a b- rating in a research note issued to investors on Tuesday, TheStreetRatingsTable reports.
HBB has been the topic of several other research reports. ValuEngine lowered Hamilton Beach Brands from a sell rating to a strong sell rating in a report on Saturday, September 5th. Zacks Investment Research upgraded shares of Hamilton Beach Brands from a hold rating to a strong-buy rating and set a $21.00 price target on the stock in a report on Tuesday, August 11th.
NYSE:HBB opened at $19.45 on Tuesday. Hamilton Beach Brands has a 12-month low of $6.68 and a 12-month high of $22.99. The stock has a 50-day moving average price of $20.25 and a 200 day moving average price of $13.53. The stock has a market capitalization of $265.88 million, a P/E ratio of 9.31 and a beta of 1.50.
Hamilton Beach Brands (NYSE:HBB) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. Hamilton Beach Brands had a return on equity of 55.16% and a net margin of 4.47%. The company had revenue of $138.30 million during the quarter. Research analysts predict that Hamilton Beach Brands will post 2.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.095 per share. The ex-dividend date was Monday, August 31st. This is a positive change from Hamilton Beach Brands’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a yield of 1.95%. Hamilton Beach Brands’s dividend payout ratio (DPR) is currently 20.77%.
Institutional investors have recently modified their holdings of the business. FMR LLC raised its position in shares of Hamilton Beach Brands by 29.3% during the 1st quarter. FMR LLC now owns 617,836 shares of the company’s stock worth $13,259,000 after purchasing an additional 139,947 shares during the last quarter. State Street Corp grew its stake in shares of Hamilton Beach Brands by 0.6% in the 1st quarter. State Street Corp now owns 147,405 shares of the company’s stock valued at $1,402,000 after buying an additional 947 shares during the period. Invenomic Capital Management LP boosted its position in shares of Hamilton Beach Brands by 31.8% during the 1st quarter. Invenomic Capital Management LP now owns 35,080 shares of the company’s stock worth $333,000 after purchasing an additional 8,458 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Hamilton Beach Brands by 36.5% during the 1st quarter. Nuveen Asset Management LLC now owns 54,171 shares of the company’s stock worth $515,000 after purchasing an additional 14,486 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Hamilton Beach Brands by 14.5% during the 1st quarter. Wells Fargo & Company MN now owns 15,958 shares of the company’s stock worth $152,000 after purchasing an additional 2,023 shares during the period. Institutional investors and hedge funds own 34.63% of the company’s stock.
About Hamilton Beach Brands
Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the Hamilton Beach Commercial and Proctor Silex Commercial brands.
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