Hamilton Beach Brands (NYSE:HBB) Trading Down 2% – What’s Next?

Hamilton Beach Brands Holding Company (NYSE:HBB)’s stock price traded down 2% during mid-day trading on Monday . The stock traded as low as $22.00 and last traded at $22.61. Approximately 21,976 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 46,504 shares. The stock had previously closed at $23.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Hamilton Beach Brands from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hamilton Beach Brands Stock Performance

The firm has a market cap of $306.37 million, a price-to-earnings ratio of 10.82 and a beta of 0.21. The stock’s 50 day moving average is $20.43 and its 200 day moving average is $19.41. The company has a current ratio of 2.98, a quick ratio of 1.61 and a debt-to-equity ratio of 0.27.

Hamilton Beach Brands (NYSE:HBB) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The company had revenue of $121.96 million during the quarter, compared to analysts’ expectations of $121.96 million. Hamilton Beach Brands had a return on equity of 16.21% and a net margin of 4.73%.

Hamilton Beach Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Monday, June 1st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, June 1st. This is a positive change from Hamilton Beach Brands’s previous quarterly dividend of $0.12. Hamilton Beach Brands’s dividend payout ratio (DPR) is 23.92%.

Hedge Funds Weigh In On Hamilton Beach Brands

Institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC raised 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 purchasing an additional 5,858 shares in the last quarter. PNC Financial Services Group Inc. increased 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 period. Bank of New York Mellon Corp raised its position in shares of Hamilton Beach Brands by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 90,245 shares of the company’s stock valued at $1,710,000 after buying an additional 545 shares in the last quarter. North Star Investment Management Corp. boosted 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 during the period. Finally, Invesco Ltd. boosted its stake in shares of Hamilton Beach Brands by 17.5% in the fourth quarter. Invesco Ltd. now owns 12,328 shares of the company’s stock valued at $203,000 after buying an additional 1,836 shares during the period. 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.