Hamilton Beach Brands (NYSE:HBB) Trading Up 9.7% - Still a Buy?

Key Points

• Hamilton Beach Brands jumped 9.7% midday to about $18.02 on Monday, with ~35,897 shares traded—roughly 25% above its average session volume.
• Analyst sentiment is mixed: Weiss Ratings downgraded HBB to a hold while Wall Street Zen upgraded it to a buy, leaving an average rating of "Hold".
• The company shows solid fundamentals with a market cap of $241.95M, a P/E of 9.19, last quarter EPS of $1.38 on $212.93M revenue, and a $0.12 quarterly dividend (≈2.7% yield).

Hamilton Beach Brands Holding Company (NYSE:HBB - Get Free Report) shot up 9.7% during mid-day trading on Monday . The stock traded as high as $18.28 and last traded at $18.0160. 35,897 shares traded hands during trading, an increase of 25% from the average session volume of 28,731 shares. The stock had previously closed at $16.42.

Analysts Set New Price Targets

HBB has been the topic of a number of analyst reports. Weiss Ratings downgraded Hamilton Beach Brands from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday. Wall Street Zen raised Hamilton Beach Brands from a "hold" rating to a "buy" rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold".

Hamilton Beach Brands Stock Performance

The stock's 50-day moving average price is $18.56 and its 200-day moving average price is $16.41. The company has a market capitalization of $241.95 million, a price-to-earnings ratio of 9.19 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 - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $1.38 earnings per share for the quarter. The firm had revenue of $212.93 million during the quarter. Hamilton Beach Brands had a return on equity of 15.70% and a net margin of 4.36%.

Hamilton Beach Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd. Hamilton Beach Brands's dividend payout ratio is 24.49%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HBB. Tower Research Capital LLC TRC boosted its stake in shares of Hamilton Beach Brands by 305.7% during the 2nd 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. Los Angeles Capital Management LLC purchased a new position in shares of Hamilton Beach Brands during the fourth quarter valued at approximately $93,000. Advisory Services Network LLC purchased a new position in shares of Hamilton Beach Brands during the third quarter valued at approximately $96,000. Deutsche Bank AG boosted its position in Hamilton Beach Brands by 14.1% during the fourth quarter. Deutsche Bank AG now owns 5,945 shares of the company's stock worth $98,000 after acquiring an additional 733 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in Hamilton Beach Brands by 15.1% during the second quarter. Osaic Holdings Inc. now owns 5,766 shares of the company's stock worth $103,000 after acquiring an additional 757 shares during the last quarter. 50.55% of the stock is currently owned by institutional investors and hedge funds.

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.

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