Zacks Investment Research cut shares of Hamilton Beach Brands (NYSE:HBB) from a buy rating to a hold rating in a research report released on Tuesday.
According to Zacks, “Hamilton Beach Brands Holding Company is an operating holding company. Hamilton Beach Brands, Inc. is a designer, marketer and distributor of branded electric household and specialty housewares appliances, as well as commercial products for restaurants, bars and hotels. Kitchen Collection, LLC is a specialty retailer of kitchenware in outlet and traditional malls primarily in the United States. Hamilton Beach Brands Holding Company is based in GLEN ALLEN, United States. “
Separately, TheStreet upgraded Hamilton Beach Brands from a d+ rating to a c- rating in a research note on Thursday, November 29th.
Shares of Hamilton Beach Brands stock opened at $26.87 on Tuesday. Hamilton Beach Brands has a 52-week low of $18.03 and a 52-week high of $31.30. The stock has a market capitalization of $360.60 million, a P/E ratio of 16.28 and a beta of -0.07. The company has a current ratio of 1.19, a quick ratio of 0.51 and a debt-to-equity ratio of 0.55.
A number of institutional investors have recently made changes to their positions in HBB. Schwab Charles Investment Management Inc. bought a new stake in Hamilton Beach Brands in the 2nd quarter valued at about $399,000. BlackRock Inc. raised its stake in Hamilton Beach Brands by 44.2% in the 2nd quarter. BlackRock Inc. now owns 514,974 shares of the company’s stock valued at $14,960,000 after acquiring an additional 157,928 shares during the period. FMR LLC increased its position in shares of Hamilton Beach Brands by 4.9% during the second quarter. FMR LLC now owns 356,221 shares of the company’s stock valued at $10,348,000 after buying an additional 16,600 shares during the period. Northern Trust Corp increased its position in shares of Hamilton Beach Brands by 64.5% during the second quarter. Northern Trust Corp now owns 91,633 shares of the company’s stock valued at $2,662,000 after buying an additional 35,916 shares during the period. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Hamilton Beach Brands during the third quarter valued at about $243,000. Institutional investors and hedge funds own 38.06% of the company’s stock.
Hamilton Beach Brands Company Profile
Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the under the Hamilton Beach, Proctor Silex brand names.
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