Hamilton Beach Brands (NYSE:HBB) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Hamilton Beach Brands from “buy” to “strong-buy,” although Weiss Ratings maintained a “hold” rating and the overall analyst consensus remains “Hold.”
• HBB shares rose 15.1% and opened at $31.07, near their 52-week high of $33.16. The company reported quarterly EPS of $2.49, substantially above the $0.16 consensus estimate, while revenue matched expectations at $142.63 million.
• Institutional investors own approximately 50.55% of the company, with several major holders recently increasing their stakes in Hamilton Beach Brands.

Hamilton Beach Brands (NYSE:HBB - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Hamilton Beach Brands in a report on Wednesday. One research 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 15.1%

HBB opened at $31.07 on Friday. Hamilton Beach Brands has a fifty-two week low of $12.72 and a fifty-two week high of $33.16. The firm has a market capitalization of $420.96 million, a P/E ratio of 7.31 and a beta of 0.23. The company's 50-day moving average is $21.75 and its 200 day moving average is $19.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.13 and a quick ratio of 1.61.

Hamilton Beach Brands (NYSE:HBB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $2.33. Hamilton Beach Brands had a net margin of 9.41% and a return on equity of 30.70%. The business had revenue of $142.63 million during the quarter, compared to the consensus estimate of $142.63 million.

Institutional Investors Weigh In On Hamilton Beach Brands

Several large investors have recently modified their holdings of HBB. North Star Investment Management Corp. raised its stake in shares of Hamilton Beach Brands by 16.5% in the first quarter. North Star Investment Management Corp. now owns 190,600 shares of the company's stock valued at $3,612,000 after buying an additional 26,949 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Hamilton Beach Brands by 4.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 61,602 shares of the company's stock worth $1,013,000 after acquiring an additional 2,500 shares during the period. Bailard Inc. purchased a new stake in Hamilton Beach Brands in the 4th quarter worth about $284,000. Pacific Ridge Capital Partners LLC increased its holdings in Hamilton Beach Brands by 4.0% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 340,471 shares of the company's stock worth $5,601,000 after acquiring an additional 13,098 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Hamilton Beach Brands by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 90,245 shares of the company's stock valued at $1,710,000 after acquiring an additional 545 shares during the period. Hedge funds and other institutional investors own 50.55% of the company's stock.

Hamilton Beach Brands Company Profile

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.

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