Hamilton Beach Brands (NYSE:HBB) Upgraded to Buy at Wall Street Zen

Hamilton Beach Brands (NYSE:HBB) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hamilton Beach Brands in a research report on Monday, December 29th. One research 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 Down 6.2%

NYSE HBB opened at $19.27 on Friday. The company has a current ratio of 2.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $18.51 and a 200 day simple moving average of $16.10. Hamilton Beach Brands has a 12 month low of $12.72 and a 12 month high of $21.20. The firm has a market capitalization of $258.98 million, a P/E ratio of 9.83 and a beta of 0.18.

Hamilton Beach Brands (NYSE:HBB) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $1.38 earnings per share (EPS) for the quarter. The firm had revenue of $212.93 million for the quarter. Hamilton Beach Brands had a net margin of 4.36% and a return on equity of 16.16%.

Hamilton Beach Brands declared that its Board of Directors has authorized a share buyback program on Thursday, November 20th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 13.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Hamilton Beach Brands

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in Hamilton Beach Brands by 305.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,775 shares of the company’s stock valued at $50,000 after acquiring an additional 2,091 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Hamilton Beach Brands in the 4th quarter worth approximately $93,000. Osaic Holdings Inc. lifted its stake in Hamilton Beach Brands by 15.1% in the second quarter. Osaic Holdings Inc. now owns 5,766 shares of the company’s stock valued at $103,000 after purchasing an additional 757 shares during the last quarter. Deutsche Bank AG grew its holdings in Hamilton Beach Brands by 14.1% during the fourth quarter. Deutsche Bank AG now owns 5,945 shares of the company’s stock valued at $98,000 after purchasing an additional 733 shares during the period. Finally, Advisory Services Network LLC bought a new position in Hamilton Beach Brands during the third quarter valued at $96,000. Institutional investors own 50.55% of the company’s stock.

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.