Key Points
- Hamilton Beach Brands CFO Sarah Cunningham sold 3,000 shares at an average price of $32.50, worth $97,500, reducing her stake by 7.07% to 39,430 shares.
- The company reported strong quarterly results, including earnings of $2.49 per share versus the $0.16 consensus estimate, while revenue matched analyst expectations at $142.63 million.
- Hamilton Beach declared a quarterly dividend of $0.125 per share, equivalent to a $0.50 annualized payout and a 1.6% yield; analysts maintain a consensus “Buy” rating.
Hamilton Beach Brands Holding Company (NYSE:HBB - Get Free Report) CFO Sarah Cunningham sold 3,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $32.50, for a total transaction of $97,500.00. Following the transaction, the chief financial officer owned 39,430 shares of the company's stock, valued at approximately $1,281,475. The trade was a 7.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Hamilton Beach Brands Stock Performance
Shares of HBB stock opened at $31.39 on Friday. 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 firm has a market cap of $421.88 million, a price-to-earnings ratio of 7.39 and a beta of 0.23. Hamilton Beach Brands Holding Company has a 52 week low of $13.56 and a 52 week high of $34.26. The firm's 50-day simple moving average is $25.70 and its two-hundred day simple moving average is $21.42.
Hamilton Beach Brands (NYSE:HBB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $0.16 by $2.33. Hamilton Beach Brands had a return on equity of 30.70% and a net margin of 9.41%.The business had revenue of $142.63 million during the quarter, compared to analyst estimates of $142.63 million.
Hamilton Beach Brands Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.50 annualized dividend and a dividend yield of 1.6%. Hamilton Beach Brands's dividend payout ratio (DPR) is 11.76%.
Wall Street Analysts Forecast Growth
Several research firms have commented on HBB. Weiss Ratings raised shares of Hamilton Beach Brands from a "hold (c)" rating to a "buy (b-)" rating in a research note on Wednesday, August 19th. Wall Street Zen raised shares of Hamilton Beach Brands from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Hamilton Beach Brands presently has a consensus rating of "Buy".
Check Out Our Latest Analysis on Hamilton Beach Brands
Hedge Funds Weigh In On Hamilton Beach Brands
A number of large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its holdings in shares of Hamilton Beach Brands by 305.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,775 shares of the company's stock worth $50,000 after purchasing an additional 2,091 shares during the last quarter. California State Teachers Retirement System raised its holdings in Hamilton Beach Brands by 498.4% during the 2nd quarter. California State Teachers Retirement System now owns 2,280 shares of the company's stock valued at $53,000 after buying an additional 1,899 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Hamilton Beach Brands during the 4th quarter valued at $93,000. Advisory Services Network LLC purchased a new stake in Hamilton Beach Brands during the 3rd quarter valued at $96,000. Finally, Deutsche Bank AG boosted its position in Hamilton Beach Brands by 14.1% during the 4th quarter. Deutsche Bank AG now owns 5,945 shares of the company's stock valued at $98,000 after buying an additional 733 shares during the period. 50.55% of the stock is owned by hedge funds and other institutional investors.
About Hamilton Beach Brands
(
Get Free Report)
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.
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