Hamilton Beach Brands (NYSE:HBB – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.
Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Hamilton Beach Brands in a research report on Wednesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Hamilton Beach Brands presently has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on HBB
Hamilton Beach Brands Trading Down 1.1%
Hamilton Beach Brands (NYSE:HBB – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.49 earnings per share (EPS) for the quarter, topping 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 company had revenue of $142.63 million for the quarter, compared to the consensus estimate of $142.63 million.
Institutional Investors Weigh In On Hamilton Beach Brands
A number of institutional investors have recently modified their holdings of HBB. Empowered Funds LLC lifted its holdings in 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 acquiring an additional 3,588 shares during the last quarter. Jane Street Group LLC acquired a new position in Hamilton Beach Brands in the first quarter valued at approximately $245,000. First Trust Advisors LP grew its holdings in shares of Hamilton Beach Brands by 4.0% during the second quarter. First Trust Advisors LP now owns 18,898 shares of the company’s stock valued at $338,000 after purchasing an additional 729 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Hamilton Beach Brands by 4.4% during the second quarter. Lazard Asset Management LLC now owns 39,507 shares of the company’s stock valued at $706,000 after purchasing an additional 1,653 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Hamilton Beach Brands by 305.7% during the 2nd 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 period. Institutional investors own 50.55% of the company’s stock.
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.
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