Hamilton Beach Brands (NYSE:HBB) Posts Quarterly Earnings Results

Hamilton Beach Brands (NYSE:HBB) announced its earnings results on Wednesday. The company reported $0.12 EPS for the quarter, Zacks reports. Hamilton Beach Brands had a net margin of 5.10% and a return on equity of 20.03%.

Hamilton Beach Brands Price Performance

Shares of NYSE:HBB opened at $14.46 on Thursday. The firm has a market cap of $194.92 million, a PE ratio of 6.15 and a beta of 0.03. The firm’s fifty day moving average is $14.59 and its 200-day moving average is $16.17. 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 $12.72 and a 52 week high of $23.30.

Hamilton Beach Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.12 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.3%. Hamilton Beach Brands’s dividend payout ratio (DPR) is currently 20.43%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of Hamilton Beach Brands from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Hamilton Beach Brands in a research note on Friday, October 31st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Hedge Funds Weigh In On Hamilton Beach Brands

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC raised its stake in Hamilton Beach Brands by 8.2% during the first quarter. Empowered Funds LLC now owns 47,328 shares of the company’s stock worth $920,000 after buying an additional 3,588 shares during the last quarter. Lazard Asset Management LLC raised its stake in Hamilton Beach Brands by 4.4% during the second quarter. Lazard Asset Management LLC now owns 39,507 shares of the company’s stock worth $706,000 after buying an additional 1,653 shares during the last quarter. First Trust Advisors LP raised its stake in Hamilton Beach Brands by 4.0% during the second quarter. First Trust Advisors LP now owns 18,898 shares of the company’s stock worth $338,000 after buying an additional 729 shares during the last quarter. Jane Street Group LLC raised its stake in Hamilton Beach Brands by 44.5% during the second quarter. Jane Street Group LLC now owns 18,229 shares of the company’s stock worth $326,000 after buying an additional 5,618 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake 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 buying an additional 757 shares during the last quarter. 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.