Sarah Cunningham Sells 3,000 Shares of Hamilton Beach Brands (NYSE:HBB) Stock

Hamilton Beach Brands Holding Company (NYSE:HBB) CFO Sarah Cunningham sold 3,000 shares of the stock in a transaction on Thursday, August 27th. The stock was 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 in the company, valued at approximately $1,281,475. This trade represents a 7.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hamilton Beach Brands Stock Performance

Shares of NYSE HBB opened at $31.39 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.04 and a current ratio of 3.13. The firm has a market cap of $421.94 million, a price-to-earnings ratio of 7.39 and a beta of 0.23. The business’s 50-day simple moving average is $25.70 and its 200-day simple moving average is $21.42. Hamilton Beach Brands Holding Company has a 52 week low of $13.56 and a 52 week high of $34.26.

Hamilton Beach Brands (NYSE:HBB) last announced its earnings results on Wednesday, August 5th. The company reported $2.49 EPS for the quarter, topping the consensus estimate of $0.16 by $2.33. The firm 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.125 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.6%. Hamilton Beach Brands’s dividend payout ratio (DPR) is currently 11.76%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HBB. Weiss Ratings raised shares of Hamilton Beach Brands from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, August 19th. Wall Street Zen upgraded shares of Hamilton Beach Brands from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System grew its position in Hamilton Beach Brands by 498.4% during the 2nd quarter. California State Teachers Retirement System now owns 2,280 shares of the company’s stock worth $53,000 after acquiring an additional 1,899 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Hamilton Beach Brands in the second quarter worth $2,130,000. Empowered Funds LLC grew its holdings in shares of Hamilton Beach Brands by 9.5% during the first quarter. Empowered Funds LLC now owns 67,692 shares of the company’s stock worth $1,283,000 after purchasing an additional 5,858 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of 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 worth $1,260,000 after purchasing an additional 4,898 shares during the last quarter. Finally, North Star Investment Management Corp. increased its stake in shares of Hamilton Beach Brands by 16.5% in the first quarter. North Star Investment Management Corp. now owns 190,600 shares of the company’s stock valued at $3,612,000 after buying an additional 26,949 shares in the last quarter. 50.55% of the stock is currently owned by institutional investors and hedge funds.

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.