Strs Ohio Makes New Investment in Hamilton Beach Brands Holding Company $HBB

Key Points

• Strs Ohio has invested approximately $369,000 in Hamilton Beach Brands by purchasing 19,000 shares, accounting for about 0.14% of the company's stock.
• Wall Street analyst Wall Street Zen downgraded Hamilton Beach Brands from a "buy" to a "hold" rating on August 2nd.
• The company recently declared a quarterly dividend of $0.12 per share, with a dividend yield of 3.3%.

Strs Ohio bought a new position in Hamilton Beach Brands Holding Company (NYSE:HBB - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 19,000 shares of the company's stock, valued at approximately $369,000. Strs Ohio owned about 0.14% of Hamilton Beach Brands at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HBB. Deutsche Bank AG acquired a new stake in shares of Hamilton Beach Brands during the 4th quarter worth approximately $88,000. Bank of America Corp DE grew its position in shares of Hamilton Beach Brands by 27.1% during the 4th quarter. Bank of America Corp DE now owns 10,450 shares of the company's stock worth $176,000 after buying an additional 2,229 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Hamilton Beach Brands during the 4th quarter worth approximately $177,000. Bailard Inc. acquired a new stake in shares of Hamilton Beach Brands during the 1st quarter worth approximately $223,000. Finally, Nuveen LLC acquired a new stake in shares of Hamilton Beach Brands during the 1st quarter worth approximately $245,000. 50.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Hamilton Beach Brands from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

Hamilton Beach Brands Stock Down 0.1%

Shares of NYSE HBB opened at $14.55 on Tuesday. The stock has a market cap of $196.07 million, a P/E ratio of 6.19 and a beta of 0.04. The firm has a 50 day moving average price of $15.16 and a 200 day moving average price of $17.13. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.95 and a current ratio of 2.47. Hamilton Beach Brands Holding Company has a 52-week low of $12.72 and a 52-week high of $31.78.

Hamilton Beach Brands (NYSE:HBB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.33 earnings per share (EPS) for the quarter. The firm had revenue of $127.77 million during the quarter. Hamilton Beach Brands had a net margin of 5.10% and a return on equity of 20.03%.

Hamilton Beach Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, September 2nd. Hamilton Beach Brands's dividend payout ratio is 20.43%.

Hamilton Beach Brands Profile

Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally. It offers air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens.

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