Zacks Investment Research downgraded shares of Hamilton Beach Brands (NYSE:HBB) from a buy rating to a hold rating in a research note released on Thursday.
According to Zacks, “Hamilton Beach Brands Holding Company is an operating holding company. Hamilton Beach Brands, Inc. is a designer, marketer and distributor of branded electric household and specialty housewares appliances, as well as commercial products for restaurants, bars and hotels. Kitchen Collection, LLC is a specialty retailer of kitchenware in outlet and traditional malls primarily in the United States. Hamilton Beach Brands Holding Company is based in GLEN ALLEN, United States. “
Shares of HBB stock traded up $1.47 on Thursday, reaching $25.49. The company had a trading volume of 32,340 shares, compared to its average volume of 40,320. Hamilton Beach Brands has a 12 month low of $18.03 and a 12 month high of $37.33. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.19 and a quick ratio of 0.45. The stock has a market cap of $277.90 million and a PE ratio of 15.38.
Hamilton Beach Brands (NYSE:HBB) last posted its earnings results on Wednesday, October 31st. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.16. Hamilton Beach Brands had a return on equity of 54.02% and a net margin of 2.67%. The business had revenue of $196.90 million during the quarter. As a group, research analysts anticipate that Hamilton Beach Brands will post 2 earnings per share for the current year.
In related news, insider Frank F. Taplin sold 3,850 shares of the stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $47,986.80, for a total transaction of $184,749,180.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan Sichel sold 2,000 shares of the stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $25.63, for a total value of $51,260.00. The disclosure for this sale can be found here. 32.68% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of HBB. Dimensional Fund Advisors LP grew its stake in shares of Hamilton Beach Brands by 92.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 853,211 shares of the company’s stock worth $18,105,000 after acquiring an additional 409,946 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Hamilton Beach Brands by 44.2% in the 2nd quarter. BlackRock Inc. now owns 514,974 shares of the company’s stock valued at $14,960,000 after buying an additional 157,928 shares during the last quarter. FMR LLC boosted its holdings in shares of Hamilton Beach Brands by 4.9% in the 2nd quarter. FMR LLC now owns 356,221 shares of the company’s stock valued at $10,348,000 after buying an additional 16,600 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Hamilton Beach Brands by 64.5% in the 2nd quarter. Northern Trust Corp now owns 91,633 shares of the company’s stock valued at $2,662,000 after buying an additional 35,916 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Hamilton Beach Brands by 693.2% in the 1st quarter. Allianz Asset Management GmbH now owns 88,213 shares of the company’s stock valued at $1,872,000 after buying an additional 77,092 shares during the last quarter. 39.22% of the stock is owned by institutional investors and hedge funds.
Hamilton Beach Brands Company Profile
Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the under the Hamilton Beach, Proctor Silex brand names.
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