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

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

Separately, Weiss Ratings restated 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, According to data from MarketBeat.com, Hamilton Beach Brands has a consensus rating of “Hold”.

Hamilton Beach Brands Trading Down 6.2%

HBB stock opened at $19.27 on Friday. The firm has a fifty day moving average price of $18.51 and a 200 day moving average price of $16.12. Hamilton Beach Brands has a fifty-two week low of $12.72 and a fifty-two week high of $21.20. The firm has a market cap of $258.98 million, a PE ratio of 9.83 and a beta of 0.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.39 and a current ratio of 2.47.

Hamilton Beach Brands (NYSE:HBB) last released its quarterly earnings data on Wednesday, February 25th. The company reported $1.38 EPS for the quarter. Hamilton Beach Brands had a net margin of 4.36% and a return on equity of 15.70%. The business had revenue of $212.93 million during the quarter.

Hamilton Beach Brands announced that its board has authorized a share repurchase program on Thursday, November 20th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 13.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HBB. Empowered Funds LLC lifted its holdings in Hamilton Beach Brands by 8.2% during the 1st quarter. Empowered Funds LLC now owns 47,328 shares of the company’s stock valued at $920,000 after buying an additional 3,588 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Hamilton Beach Brands during the first quarter worth approximately $245,000. Bailard Inc. raised its stake in shares of Hamilton Beach Brands by 25.6% during the second quarter. Bailard Inc. now owns 14,403 shares of the company’s stock valued at $258,000 after acquiring an additional 2,939 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Hamilton Beach Brands in the second quarter valued at approximately $503,000. Finally, American Century Companies Inc. grew its stake in Hamilton Beach Brands by 6.5% in the second quarter. American Century Companies Inc. now owns 217,349 shares of the company’s stock worth $3,888,000 after purchasing an additional 13,347 shares in the last quarter. Hedge funds and other institutional investors own 50.55% of the company’s stock.

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.