Hamilton Beach Brands (NYSE:HBB) Stock Price Down 0% – Here’s What Happened

Hamilton Beach Brands Holding Company (NYSE:HBB)’s share price dropped 0% on Monday . The stock traded as low as $20.30 and last traded at $20.42. 13,429 shares changed hands during trading, a decline of 28% from the average session volume of 18,769 shares. The stock had previously closed at $20.43.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HBB shares. Wall Street Zen raised shares of Hamilton Beach Brands from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Weiss Ratings cut shares of Hamilton Beach Brands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Hamilton Beach Brands Trading Down 0.0%

The company has a 50 day moving average of $19.93 and a 200 day moving average of $18.64. The firm has a market cap of $276.69 million, a price-to-earnings ratio of 9.77 and a beta of 0.22. 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 released its quarterly earnings data on Wednesday, May 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.10. The firm had revenue of $121.96 million during the quarter, compared to analyst estimates 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 announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 1st were given a dividend of $0.125 per share. This is an increase from Hamilton Beach Brands’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, June 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.4%. Hamilton Beach Brands’s dividend payout ratio is 23.92%.

Hedge Funds Weigh In On Hamilton Beach Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HBB. Tower Research Capital LLC TRC grew its stake in Hamilton Beach Brands by 305.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,775 shares of the company’s stock worth $50,000 after buying an additional 2,091 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Hamilton Beach Brands during the fourth quarter worth approximately $93,000. Advisory Services Network LLC bought a new position in shares of Hamilton Beach Brands in the third quarter valued at approximately $96,000. Deutsche Bank AG raised its stake in shares of Hamilton Beach Brands by 14.1% in the fourth quarter. Deutsche Bank AG now owns 5,945 shares of the company’s stock valued at $98,000 after acquiring an additional 733 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Hamilton Beach Brands by 15.1% in the 2nd quarter. Osaic Holdings Inc. now owns 5,766 shares of the company’s stock worth $103,000 after acquiring an additional 757 shares in the last quarter. 50.55% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Beach Brands Company Profile

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.