Hamilton Beach Brands (NYSE:HBB) Raised to Buy at Wall Street Zen

Hamilton Beach Brands (NYSE:HBB) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Hamilton Beach Brands in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hamilton Beach Brands Trading Down 6.2%

Shares of Hamilton Beach Brands stock opened at $19.27 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 2.15. The stock has a market capitalization of $258.98 million, a P/E ratio of 9.83 and a beta of 0.18. Hamilton Beach Brands has a 52-week low of $12.72 and a 52-week high of $21.20. The stock’s 50-day simple moving average is $18.51 and its 200 day simple moving average is $16.10.

Hamilton Beach Brands (NYSE:HBB) last posted its earnings results on Wednesday, February 25th. The company reported $1.38 earnings per share for the quarter. Hamilton Beach Brands had a net margin of 4.36% and a return on equity of 16.16%. The firm had revenue of $212.93 million during the quarter.

Hamilton Beach Brands declared that its Board of Directors has approved a stock repurchase plan on Thursday, November 20th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the company to reacquire up to 13.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. LSV Asset Management bought a new position in shares of Hamilton Beach Brands in the second quarter worth $503,000. GSA Capital Partners LLP bought a new stake in Hamilton Beach Brands during the third quarter valued at $526,000. Wells Fargo & Company MN grew its position in Hamilton Beach Brands by 46.7% during the fourth quarter. Wells Fargo & Company MN now owns 8,096 shares of the company’s stock worth $133,000 after buying an additional 2,579 shares in the last quarter. State Street Corp increased its stake in Hamilton Beach Brands by 1.2% in the 4th quarter. State Street Corp now owns 130,005 shares of the company’s stock worth $2,139,000 after acquiring an additional 1,557 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of Hamilton Beach Brands by 5.9% in the fourth quarter. Empowered Funds LLC now owns 61,834 shares of the company’s stock worth $1,017,000 after purchasing an additional 3,470 shares during the last quarter. 50.55% of the stock is owned by institutional investors.

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.