Hamilton Beach Brands (NYSE:HBB) Shares Down 3.4% - Time to Sell?

Key Points

• Hamilton Beach Brands shares fell 3.4% to about $33.42, with trading volume 21% above the average. The stock’s market capitalization is approximately $449 million, and it trades at a P/E ratio of 7.86.
• Analysts remain positive, with recent upgrades and an overall “Buy” rating. The company’s latest quarterly results significantly exceeded expectations, reporting $2.49 in earnings per share versus the $0.16 consensus estimate.
• Hamilton Beach paid a quarterly dividend of $0.125 per share, representing an annualized yield of about 1.5%. Insiders own 38.98% of the company, while institutional investors and hedge funds own 50.55%.

Hamilton Beach Brands Holding Company (NYSE:HBB - Get Free Report)'s share price traded down 3.4% during trading on Wednesday. The stock traded as low as $32.83 and last traded at $33.4160. 104,476 shares were traded during trading, an increase of 21% from the average daily volume of 86,614 shares. The stock had previously closed at $34.58.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Hamilton Beach Brands from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Hamilton Beach Brands from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, Hamilton Beach Brands has an average rating of "Buy".

Hamilton Beach Brands Trading Down 3.4%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.04 and a current ratio of 3.13. The business has a fifty day simple moving average of $33.47 and a 200 day simple moving average of $25.61. The company has a market cap of $449.11 million, a P/E ratio of 7.86 and a beta of 0.23.

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

Hamilton Beach Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.1250 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 1st. Hamilton Beach Brands's payout ratio is currently 11.76%.

Insiders Place Their Bets

In other Hamilton Beach Brands news, CFO Sarah M. Cunningham sold 3,000 shares of the business's stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $32.50, for a total transaction of $97,500.00. Following the completion of the sale, the chief financial officer owned 39,430 shares in the company, valued at $1,281,475. The trade was a 7.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 38.98% of the stock is currently owned by insiders.

Institutional Trading of Hamilton Beach Brands

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new position in shares of Hamilton Beach Brands in the 2nd quarter valued at about $2,130,000. North Star Investment Management Corp. grew its position in shares of 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 valued at $3,612,000 after buying an additional 26,949 shares during the last quarter. Squarepoint Ops LLC bought a new position in Hamilton Beach Brands in the second quarter worth about $431,000. Empowered Funds LLC boosted its stake in Hamilton Beach Brands by 9.5% in the first 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. Finally, PNC Financial Services Group Inc. boosted its stake in 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 valued at $1,260,000 after acquiring an additional 4,898 shares during the period. 50.55% of the stock is owned by institutional investors and hedge funds.

About Hamilton Beach Brands

Hamilton Beach Brands Holding Company is a designer, marketer and distributor of small household and commercial appliances. Its consumer products are sold primarily under the Hamilton Beach and Proctor Silex brands and include blenders, coffee makers, toasters, slow cookers, air fryers, food processors, indoor grills, hand and stand mixers, kettles and other kitchen and home appliances.

The company also serves the food-service and hospitality industries through its Hamilton Beach Commercial business.

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