Hamilton Beach Brands (NYSE:HBB) Reaches New 12-Month High - Time to Buy?

Key Points

• Hamilton Beach Brands reached a new 52-week high, trading around $37.28 after closing at $34.58. The stock’s average analyst rating is “Buy,” with recent upgrades from Weiss Ratings and Wall Street Zen.
• The company reported strong quarterly results, earning $2.49 per share versus the $0.16 consensus estimate, while revenue matched expectations at $142.63 million. Profitability included a 30.70% return on equity and a 9.41% net margin.
• Hamilton Beach declared a quarterly dividend of $0.125 per share, or $0.50 annualized, yielding approximately 1.3%. Institutional investors own 50.55% of the stock, while insiders hold 38.98%; the CFO recently sold 3,000 shares.

Hamilton Beach Brands Holding Company (NYSE:HBB - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $37.18 and last traded at $37.2750, with a volume of 57351 shares. The stock had previously closed at $34.58.

Analyst Ratings Changes

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

Hamilton Beach Brands Price Performance

The company's fifty day moving average is $29.25 and its 200 day moving average is $23.01. The firm has a market cap of $500.38 million, a price-to-earnings ratio of 8.76 and a beta of 0.29. The company has a quick ratio of 2.04, a current ratio of 3.13 and a debt-to-equity ratio of 0.23.

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

Hamilton Beach Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 1st. Hamilton Beach Brands's payout ratio is 11.76%.

Insider Transactions at Hamilton Beach Brands

In other news, CFO Sarah M. Cunningham sold 3,000 shares of the business'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 value of $97,500.00. Following the transaction, the chief financial officer owned 39,430 shares in the company, valued at approximately $1,281,475. The trade was a 7.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 38.98% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Squarepoint Ops LLC purchased a new stake in Hamilton Beach Brands during the 2nd quarter worth approximately $431,000. Bank of New York Mellon Corp acquired a new position in shares of Hamilton Beach Brands in the 2nd quarter valued at $2,130,000. Empowered Funds LLC increased its position in shares of Hamilton Beach Brands by 9.5% in the 1st quarter. Empowered Funds LLC now owns 67,692 shares of the company's stock valued at $1,283,000 after acquiring an additional 5,858 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Hamilton Beach Brands by 8.0% in the first quarter. PNC Financial Services Group Inc. now owns 66,500 shares of the company's stock worth $1,260,000 after purchasing an additional 4,898 shares during the last quarter. Finally, North Star Investment Management Corp. raised its position in Hamilton Beach Brands by 16.5% during the 1st quarter. North Star Investment Management Corp. now owns 190,600 shares of the company's stock worth $3,612,000 after buying an additional 26,949 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 NYSE: HBB designs, markets and distributes a broad range of small electric household appliances and commercial foodservice equipment. Its consumer products include blenders, coffee makers, slow cookers, air fryers, toasters, toaster ovens, electric kettles, food processors, hand and stand mixers, and related kitchen appliances.

The company sells products under brands including Hamilton Beach, Proctor Silex and Weston, as well as through its Hamilton Beach Commercial business.

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