Hamilton Beach Brands (NYSE:HBB) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Hamilton Beach Brands (NYSE:HBB) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Hamilton Beach Brands Price Performance

NYSE:HBB opened at $13.74 on Friday. The firm has a market cap of $188.10 million, a price-to-earnings ratio of 5.85 and a beta of 0.24. The company has a current ratio of 2.47, a quick ratio of 0.95 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average is $17.88 and its two-hundred day moving average is $17.96. Hamilton Beach Brands has a 12-month low of $12.95 and a 12-month high of $31.78.

Hamilton Beach Brands (NYSE:HBB) last released its earnings results on Wednesday, July 30th. The company reported $0.33 earnings per share (EPS) for the quarter. The company had revenue of $127.77 million for the quarter. Hamilton Beach Brands had a net margin of 5.10% and a return on equity of 20.03%.

Hamilton Beach Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, May 30th. This is an increase from Hamilton Beach Brands’s previous quarterly dividend of $0.12. Hamilton Beach Brands’s payout ratio is currently 20.43%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HBB. Tower Research Capital LLC TRC lifted its holdings in shares of Hamilton Beach Brands by 202.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,486 shares of the company’s stock worth $25,000 after acquiring an additional 995 shares during the period. Deutsche Bank AG purchased a new position in shares of Hamilton Beach Brands during the 4th quarter worth about $88,000. Bank of America Corp DE lifted its holdings in shares of Hamilton Beach Brands by 27.1% during the 4th quarter. Bank of America Corp DE now owns 10,450 shares of the company’s stock worth $176,000 after acquiring an additional 2,229 shares during the period. Two Sigma Investments LP purchased a new position in shares of Hamilton Beach Brands during the 4th quarter worth about $177,000. Finally, State of Wyoming purchased a new position in shares of Hamilton Beach Brands during the 4th quarter worth about $220,000. 50.55% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Beach Brands Company Profile

Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally. It offers air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens.