Hamilton Beach Brands (NYSE:HBB) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Hamilton Beach Brands (NYSE:HBB) from a buy rating to a strong-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 Wednesday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hamilton Beach Brands Trading Up 15.1%

NYSE HBB opened at $31.07 on Friday. The stock has a market cap of $420.83 million, a P/E ratio of 7.31 and a beta of 0.23. The company’s fifty day simple moving average is $21.75 and its 200-day simple moving average is $19.98. The company has a current ratio of 3.13, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. Hamilton Beach Brands has a 52 week low of $12.72 and a 52 week high of $33.16.

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, beating analysts’ consensus estimates 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 business had revenue of $142.63 million during the quarter, compared to analyst estimates of $142.63 million.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HBB. Bank of New York Mellon Corp bought a new stake in shares of Hamilton Beach Brands in the 2nd quarter worth about $2,130,000. Empowered Funds LLC lifted 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 purchasing an additional 5,858 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in 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 in the last quarter. North Star Investment Management Corp. grew its stake in 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 worth $3,612,000 after purchasing an additional 26,949 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in 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 last quarter. 50.55% of the stock is 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.