LSV Asset Management Takes Position in Hamilton Beach Brands Holding Company $HBB

LSV Asset Management purchased a new position in Hamilton Beach Brands Holding Company (NYSE:HBB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,117 shares of the company’s stock, valued at approximately $503,000. LSV Asset Management owned approximately 0.21% of Hamilton Beach Brands at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Pacific Ridge Capital Partners LLC increased its holdings in Hamilton Beach Brands by 0.8% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 339,663 shares of the company’s stock worth $6,600,000 after acquiring an additional 2,603 shares during the period. North Star Investment Management Corp. grew its position in shares of Hamilton Beach Brands by 0.4% during the 2nd quarter. North Star Investment Management Corp. now owns 253,600 shares of the company’s stock valued at $4,537,000 after purchasing an additional 1,000 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Hamilton Beach Brands by 3.7% in the first quarter. American Century Companies Inc. now owns 204,002 shares of the company’s stock worth $3,964,000 after purchasing an additional 7,279 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Hamilton Beach Brands by 24.1% in the first quarter. PNC Financial Services Group Inc. now owns 60,704 shares of the company’s stock worth $1,179,000 after purchasing an additional 11,772 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Hamilton Beach Brands by 8.2% in 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 in the last quarter. 50.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HBB shares. Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Beach Brands in a research report on Thursday. Wall Street Zen lowered Hamilton Beach Brands from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Hamilton Beach Brands Trading Up 9.0%

Shares of HBB stock opened at $15.66 on Friday. The business has a 50-day moving average price of $14.45 and a two-hundred day moving average price of $15.86. Hamilton Beach Brands Holding Company has a 12-month low of $12.72 and a 12-month high of $21.20. The company has a quick ratio of 0.86, a current ratio of 2.15 and a debt-to-equity ratio of 0.30. The firm has a market cap of $210.48 million, a P/E ratio of 6.72 and a beta of 0.03.

Hamilton Beach Brands (NYSE:HBB) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 earnings per share for the quarter. The company had revenue of $132.78 million for the quarter. Hamilton Beach Brands had a return on equity of 19.42% and a net margin of 5.25%.

Hamilton Beach Brands announced that its Board of Directors has initiated a share buyback plan on Thursday, November 20th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the company to reacquire up to 13.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Hamilton Beach Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.48 annualized dividend and a dividend yield of 3.1%. Hamilton Beach Brands’s dividend payout ratio (DPR) is 20.60%.

Hamilton Beach Brands Profile

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.