Hamilton Beach Brands (NYSE:HBB) Hits New 1-Year High – What’s Next?

Shares of Hamilton Beach Brands Holding Company (NYSE:HBB) reached a new 52-week high on Wednesday. The stock traded as high as $39.14 and last traded at $38.7310, with a volume of 64722 shares. The stock had previously closed at $37.60.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings raised Hamilton Beach Brands from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, August 19th. Wall Street Zen upgraded Hamilton Beach Brands from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Hamilton Beach Brands Price Performance

The company has a market capitalization of $499.95 million, a P/E ratio of 8.75 and a beta of 0.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.13 and a quick ratio of 2.04. The firm’s 50-day moving average is $31.05 and its 200-day moving average is $23.90.

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, topping the consensus estimate of $0.16 by $2.33. The business had revenue of $142.63 million for the quarter, compared to the consensus estimate of $142.63 million. Hamilton Beach Brands had a net margin of 9.41% and a return on equity of 30.70%.

Hamilton Beach Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.1250 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.50 dividend on an annualized basis and a yield of 1.3%. Hamilton Beach Brands’s dividend payout ratio (DPR) is presently 11.76%.

Insiders Place Their Bets

In other Hamilton Beach Brands news, CFO Sarah M. Cunningham sold 3,000 shares of Hamilton Beach Brands stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $32.50, for a total transaction of $97,500.00. Following the transaction, the chief financial officer owned 39,430 shares of the company’s stock, valued at $1,281,475. The trade was a 7.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 38.98% of the stock is owned by corporate insiders.

Institutional Trading of Hamilton Beach Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC purchased a new position in shares of Hamilton Beach Brands during the 2nd quarter valued at $431,000. Bank of New York Mellon Corp bought a new position in Hamilton Beach Brands in the 2nd quarter worth $2,130,000. Empowered Funds LLC increased its stake in Hamilton Beach Brands by 9.5% in the 1st quarter. Empowered Funds LLC now owns 67,692 shares of the company’s stock worth $1,283,000 after buying an additional 5,858 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings 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 valued at $1,260,000 after acquiring an additional 4,898 shares during the period. Finally, North Star Investment Management Corp. raised its holdings 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 valued at $3,612,000 after acquiring an additional 26,949 shares during the period. 50.55% of the stock is owned by hedge funds and other institutional investors.

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.