Hamilton Beach Brands (NYSE:HBB) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Hamilton Beach Brands has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, signaling potential concerns about the stock's performance.
• Shares of Hamilton Beach Brands are trading down 14.9%, reflecting market reactions to the downgrade and possibly broader trends.
• The company's latest earnings report showed $127.77 million in revenue, with an earnings per share (EPS) of $0.33 for the last quarter.

Wall Street Zen lowered shares of Hamilton Beach Brands (NYSE:HBB - Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Hamilton Beach Brands Trading Down 1.2%

Shares of NYSE:HBB traded down $0.17 during trading on Friday, reaching $13.59. The stock had a trading volume of 12,833 shares, compared to its average volume of 41,639. 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 has a 52 week low of $12.95 and a 52 week high of $31.78. The stock has a market cap of $186.06 million, a price-to-earnings ratio of 5.79 and a beta of 0.24. The firm's fifty day moving average is $17.88 and its 200 day moving average is $17.96.

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

Hamilton Beach Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, May 30th. This is a boost from Hamilton Beach Brands's previous quarterly dividend of $0.12. Hamilton Beach Brands's payout ratio is currently 20.43%.

Hedge Funds Weigh In On Hamilton Beach Brands

Several institutional investors have recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in shares of Hamilton Beach Brands by 22.2% during the fourth quarter. American Century Companies Inc. now owns 196,723 shares of the company's stock worth $3,311,000 after purchasing an additional 35,742 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Hamilton Beach Brands by 16.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 44,487 shares of the company's stock worth $749,000 after buying an additional 6,425 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Hamilton Beach Brands by 13.6% in the 4th quarter. Renaissance Technologies LLC now owns 46,900 shares of the company's stock valued at $789,000 after purchasing an additional 5,628 shares during the last quarter. Barclays PLC lifted its stake in shares of Hamilton Beach Brands by 11.0% in the 4th quarter. Barclays PLC now owns 17,884 shares of the company's stock valued at $301,000 after purchasing an additional 1,772 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Hamilton Beach Brands by 8.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 394,819 shares of the company's stock worth $6,645,000 after acquiring an additional 29,460 shares in the last quarter. Hedge funds and other institutional investors own 50.55% of the company's stock.

About Hamilton Beach Brands

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.