Hamilton Beach Brands (NYSE:HBB) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Hamilton Beach Brands (NYSE:HBB) from a hold rating to a buy rating in a research report released on Tuesday, Zacks.com reports. Zacks Investment Research currently has $21.00 price objective on the stock.

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. “

NYSE:HBB opened at $20.75 on Tuesday. The firm has a market cap of $266.17 million, a P/E ratio of 13.05 and a beta of 0.11. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.58 and a current ratio of 1.28. Hamilton Beach Brands has a fifty-two week low of $12.60 and a fifty-two week high of $29.35. The firm has a 50-day simple moving average of $17.02 and a two-hundred day simple moving average of $16.86.

In other news, VP Gregory E. Salyers acquired 2,500 shares of Hamilton Beach Brands stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of $14.54 per share, for a total transaction of $36,350.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 33.12% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Zuckerman Investment Group LLC grew its stake in shares of Hamilton Beach Brands by 2.9% in the second quarter. Zuckerman Investment Group LLC now owns 804,485 shares of the company’s stock worth $15,325,000 after acquiring an additional 23,009 shares during the period. FMR LLC grew its stake in shares of Hamilton Beach Brands by 29.3% in the first quarter. FMR LLC now owns 617,836 shares of the company’s stock worth $13,259,000 after acquiring an additional 139,947 shares during the period. BlackRock Inc. grew its stake in shares of Hamilton Beach Brands by 3.1% in the second quarter. BlackRock Inc. now owns 526,319 shares of the company’s stock worth $10,025,000 after acquiring an additional 15,879 shares during the period. Vanguard Group Inc. grew its stake in shares of Hamilton Beach Brands by 3.5% in the second quarter. Vanguard Group Inc. now owns 384,900 shares of the company’s stock worth $7,332,000 after acquiring an additional 13,098 shares during the period. Finally, Uniplan Investment Counsel Inc. grew its stake in shares of Hamilton Beach Brands by 28.9% in the second quarter. Uniplan Investment Counsel Inc. now owns 158,830 shares of the company’s stock worth $3,025,000 after acquiring an additional 35,651 shares during the period. Hedge funds and other institutional investors own 35.15% of the company’s stock.

About Hamilton Beach Brands

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 Hamilton Beach Commercial and Proctor Silex Commercial brands.

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