Hamilton Beach Brands (NYSE:HBB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hamilton Beach Brands (NYSE:HBB) from a hold rating to a buy rating in a research report released on Saturday morning.

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Beach Brands in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Hamilton Beach Brands Price Performance

Shares of Hamilton Beach Brands stock opened at $17.57 on Friday. The stock has a market cap of $236.13 million, a P/E ratio of 8.96 and a beta of 0.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.39 and a current ratio of 2.47. The stock’s fifty day moving average is $18.55 and its 200 day moving average is $16.14. Hamilton Beach Brands has a one year low of $12.72 and a one year high of $21.20.

Hamilton Beach Brands (NYSE:HBB) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $1.38 EPS for the quarter. Hamilton Beach Brands had a return on equity of 15.70% and a net margin of 4.36%.The business had revenue of $212.93 million during the quarter.

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

Hamilton Beach Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.7%. Hamilton Beach Brands’s dividend payout ratio (DPR) is presently 24.49%.

Hedge Funds Weigh In On Hamilton Beach Brands

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings 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 worth $50,000 after acquiring an additional 2,091 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Hamilton Beach Brands in the fourth quarter worth $93,000. Osaic Holdings Inc. raised its stake in 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 in the last quarter. Deutsche Bank AG grew its stake in shares of Hamilton Beach Brands by 14.1% in the 4th quarter. Deutsche Bank AG now owns 5,945 shares of the company’s stock worth $98,000 after buying an additional 733 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Hamilton Beach Brands in the 3rd quarter valued at about $96,000. Hedge funds and other institutional investors own 50.55% of the company’s stock.

About Hamilton Beach Brands

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.