Hamilton Beach Brands (NYSE:HBB) Stock Price Down 3.4% – What’s Next?

Hamilton Beach Brands Holding Company (NYSE:HBB)’s stock price fell 3.4% during trading on Wednesday. The stock traded as low as $32.83 and last traded at $33.4160. Approximately 104,476 shares were traded during trading, an increase of 21% from the average daily volume of 86,614 shares. The stock had previously closed at $34.58.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HBB shares. Weiss Ratings raised shares of Hamilton Beach Brands from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Wall Street Zen upgraded shares of 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. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Hamilton Beach Brands Trading Down 0.8%

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 business’s 50-day simple moving average is $33.47 and its 200-day simple moving average is $25.71. The company has a market capitalization of $445.05 million, a price-to-earnings ratio of 7.78 and a beta of 0.23.

Hamilton Beach Brands (NYSE:HBB) last posted its 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. Hamilton Beach Brands had a net margin of 9.41% and a return on equity of 30.70%. The company had revenue of $142.63 million for the quarter, compared to analyst estimates of $142.63 million.

Hamilton Beach Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.1250 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.50 dividend on an annualized basis and a yield of 1.5%. Hamilton Beach Brands’s payout ratio is currently 11.76%.

Insider Buying and Selling at Hamilton Beach Brands

In related news, CFO Sarah M. Cunningham sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $32.50, for a total value of $97,500.00. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 38.98% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. North Star Investment Management Corp. raised its stake 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 worth $3,612,000 after buying an additional 26,949 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Hamilton Beach Brands in the 2nd quarter valued at $2,130,000. Empowered Funds LLC increased its position 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 acquiring an additional 5,858 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Hamilton Beach Brands by 8.0% in 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, Squarepoint Ops LLC bought a new stake in Hamilton Beach Brands during the second quarter worth $431,000. Institutional investors and hedge funds own 50.55% of the company’s stock.

Hamilton Beach Brands Company Profile

Hamilton Beach Brands Holding Company, through its subsidiary Hamilton Beach Brands, Inc, develops, markets and distributes a broad range of small household and commercial appliances. Its products are designed for food preparation, cooking, beverage making, cleaning and other household tasks.

The company’s consumer product portfolio includes blenders, coffee makers, food processors, slow cookers, air fryers, toasters, grills, rice cookers, electric kettles, hand mixers and stand mixers.