Huttig Building Products (HBP) Reaches New 12-Month Low at $2.88

Huttig Building Products Inc (NASDAQ:HBP) reached a new 52-week low during trading on Thursday . The company traded as low as $2.88 and last traded at $3.02, with a volume of 2386 shares trading hands. The stock had previously closed at $3.18.

A number of equities research analysts have commented on the company. ValuEngine upgraded Huttig Building Products from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. TheStreet lowered Huttig Building Products from a “c” rating to a “d+” rating in a research report on Friday, October 19th.

The company has a debt-to-equity ratio of 2.43, a current ratio of 3.09 and a quick ratio of 1.30.

Huttig Building Products (NASDAQ:HBP) last released its quarterly earnings results on Monday, October 29th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). Huttig Building Products had a negative net margin of 1.08% and a negative return on equity of 11.93%. The company had revenue of $222.00 million during the quarter.

Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of Huttig Building Products during the 3rd quarter valued at about $657,000. Millennium Management LLC bought a new stake in shares of Huttig Building Products during the 2nd quarter valued at about $1,726,000. Paloma Partners Management Co bought a new stake in shares of Huttig Building Products during the 2nd quarter valued at about $551,000. Bank of America Corp DE boosted its position in shares of Huttig Building Products by 104.0% during the 2nd quarter. Bank of America Corp DE now owns 40,425 shares of the company’s stock valued at $192,000 after purchasing an additional 20,610 shares in the last quarter. Finally, Tocqueville Asset Management L.P. boosted its position in shares of Huttig Building Products by 25.8% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 414,459 shares of the company’s stock valued at $1,969,000 after purchasing an additional 85,000 shares in the last quarter. Institutional investors own 52.51% of the company’s stock.

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Huttig Building Products Company Profile (NASDAQ:HBP)

Huttig Building Products, Inc, together with its subsidiaries, distributes millwork, building materials, and wood products for new residential construction, home improvement, remodeling, and repair work in the United States. It offers various millwork products, including exterior and interior doors, pre-hung and factory finished door units, windows, patio doors, mouldings, frames, stair parts, and columns under the Therma-Tru, Masonite, Woodgrain, HB&G, Simpson Door, Final Frame, BrasPine, Arauco, Windsor Windows, and Rogue Valley Door brands.

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