Hamilton Beach Brands (NYSE:HBB) Stock Price Up 0.4% – Should You Buy?

Hamilton Beach Brands Holding Company (NYSE:HBB) shares traded up 0.4% on Tuesday . The stock traded as high as $19.29 and last traded at $19.0920. 24,713 shares changed hands during trading, an increase of 11% from the average session volume of 22,268 shares. The stock had previously closed at $19.02.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hamilton Beach Brands in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Hamilton Beach Brands Stock Up 0.4%

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 2.15. The stock has a market cap of $256.60 million, a PE ratio of 8.19 and a beta of 0.16. The company’s 50-day moving average price is $16.94 and its 200 day moving average price is $15.59.

Hamilton Beach Brands (NYSE:HBB) last announced its earnings results on Wednesday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter. Hamilton Beach Brands had a net margin of 5.25% and a return on equity of 19.42%. The company had revenue of $132.78 million during the quarter.

Hamilton Beach Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, December 1st. Hamilton Beach Brands’s dividend payout ratio is 20.60%.

Hamilton Beach Brands declared that its board has approved a stock repurchase program on Thursday, November 20th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 13.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Hamilton Beach Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HBB. LSV Asset Management purchased a new stake in shares of Hamilton Beach Brands in the second quarter worth $503,000. Ritholtz Wealth Management lifted its stake in shares of Hamilton Beach Brands by 49.2% during the 2nd quarter. Ritholtz Wealth Management now owns 26,670 shares of the company’s stock valued at $477,000 after buying an additional 8,800 shares in the last quarter. Advisory Services Network LLC bought a new position in Hamilton Beach Brands in the 3rd quarter worth $96,000. Citadel Advisors LLC purchased a new stake in Hamilton Beach Brands in the 3rd quarter worth $606,000. Finally, Ameriprise Financial Inc. raised its holdings in Hamilton Beach Brands by 4.6% during the third quarter. Ameriprise Financial Inc. now owns 467,479 shares of the company’s stock valued at $6,718,000 after acquiring an additional 20,586 shares during the period. 50.55% of the stock is owned by hedge funds and other institutional investors.

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.