Hamilton Beach Brands (HBB) Upgraded to “Strong-Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Hamilton Beach Brands (NYSE:HBB) from a hold rating to a strong-buy rating in a research note released on Tuesday. They currently have $29.00 price target on the stock.

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. “

Hamilton Beach Brands stock traded down $0.02 during mid-day trading on Tuesday, reaching $24.02. The stock had a trading volume of 2,887 shares, compared to its average volume of 36,938. The stock has a market cap of $328.46 million and a price-to-earnings ratio of 14.58. Hamilton Beach Brands has a one year low of $18.03 and a one year high of $33.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.51.

Hamilton Beach Brands (NYSE:HBB) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.16. The company had revenue of $196.90 million for the quarter. Hamilton Beach Brands had a net margin of 2.67% and a return on equity of 51.86%. On average, equities analysts expect that Hamilton Beach Brands will post 2 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Thursday, November 29th. Hamilton Beach Brands’s payout ratio is 20.61%.

In other Hamilton Beach Brands news, insider Frank F. Taplin sold 3,850 shares of the company’s stock in a transaction dated Thursday, September 6th. The shares were 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 SEC, which is accessible through this link. Also, insider Susan Sichel sold 2,000 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $25.63, for a total transaction of $51,260.00. The disclosure for this sale can be found here. Insiders own 32.68% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of HBB. Rhumbline Advisers bought a new position in Hamilton Beach Brands during the 2nd quarter valued at about $208,000. GSA Capital Partners LLP bought a new position in Hamilton Beach Brands during the 2nd quarter valued at about $238,000. Cornerstone Wealth Management LLC bought a new position in Hamilton Beach Brands during the 3rd quarter valued at about $243,000. UBS Group AG lifted its stake in Hamilton Beach Brands by 58.8% during the 1st quarter. UBS Group AG now owns 15,897 shares of the company’s stock valued at $337,000 after acquiring an additional 5,885 shares during the period. Finally, Schwab Charles Investment Management Inc. bought a new position in Hamilton Beach Brands during the 2nd quarter valued at about $399,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

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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