Hamilton Beach Brands (NYSE:HBB) CFO Sarah Cunningham Sells 3,000 Shares of Stock

Hamilton Beach Brands Holding Company (NYSE:HBB) CFO Sarah Cunningham sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $32.50, for a total transaction of $97,500.00. Following the completion of the transaction, the chief financial officer owned 39,430 shares of the company’s stock, valued at $1,281,475. This trade represents a 7.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hamilton Beach Brands Stock Down 3.0%

Shares of HBB stock traded down $0.98 during trading hours on Friday, hitting $31.39. 66,984 shares of the company were exchanged, compared to its average volume of 89,289. Hamilton Beach Brands Holding Company has a 52 week low of $13.56 and a 52 week high of $34.26. The company has a current ratio of 3.13, a quick ratio of 2.04 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average of $25.70 and a two-hundred day moving average of $21.42. The company has a market capitalization of $421.88 million, a PE ratio of 7.39 and a beta of 0.23.

Hamilton Beach Brands (NYSE:HBB) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.49 EPS for the quarter, beating the consensus estimate of $0.16 by $2.33. The business had revenue of $142.63 million for the quarter, compared to analysts’ expectations of $142.63 million. Hamilton Beach Brands had a net margin of 9.41% and a return on equity of 30.70%.

Hamilton Beach Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.50 annualized dividend and a dividend yield of 1.6%. Hamilton Beach Brands’s dividend payout ratio (DPR) is currently 11.76%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HBB shares. Wall Street Zen raised Hamilton Beach Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised Hamilton Beach Brands from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Hamilton Beach Brands currently has an average rating of “Buy”.

Institutional Trading of Hamilton Beach Brands

A number of institutional investors have recently made changes to their positions in HBB. Tower Research Capital LLC TRC boosted its holdings in Hamilton Beach Brands by 305.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,775 shares of the company’s stock worth $50,000 after purchasing an additional 2,091 shares during the last quarter. California State Teachers Retirement System lifted its position in Hamilton Beach Brands by 498.4% during the 2nd quarter. California State Teachers Retirement System now owns 2,280 shares of the company’s stock worth $53,000 after buying an additional 1,899 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Hamilton Beach Brands during the 4th quarter worth about $93,000. Advisory Services Network LLC acquired a new position in shares of Hamilton Beach Brands during the 3rd quarter worth about $96,000. Finally, Deutsche Bank AG boosted its stake in shares of Hamilton Beach Brands by 14.1% during the 4th quarter. Deutsche Bank AG now owns 5,945 shares of the company’s stock worth $98,000 after buying an additional 733 shares during the last quarter. 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.