Huttig Building Products, Inc. (NASDAQ:HBP) Downgraded by TheStreet
Huttig Building Products, Inc. (NASDAQ:HBP) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c” rating in a research report issued to clients and investors on Tuesday.
Huttig Building Products (NASDAQ HBP) traded down 6.09% during trading on Tuesday, reaching $6.17. The company had a trading volume of 241,217 shares. The firm’s 50 day moving average is $6.88 and its 200-day moving average is $7.21. The company has a market capitalization of $159.69 million, a P/E ratio of 14.69 and a beta of 1.75. Huttig Building Products has a 12 month low of $4.65 and a 12 month high of $9.24.
Huttig Building Products (NASDAQ:HBP) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter. Huttig Building Products had a return on equity of 10.33% and a net margin of 0.79%. The firm had revenue of $198.70 million during the quarter. On average, equities analysts expect that Huttig Building Products will post $0.24 earnings per share for the current year.
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Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in Huttig Building Products by 333.5% in the second quarter. Bank of New York Mellon Corp now owns 63,936 shares of the company’s stock worth $449,000 after buying an additional 49,187 shares during the period. Rhumbline Advisers purchased a new stake in Huttig Building Products during the second quarter worth about $165,000. Schwab Charles Investment Management Inc. purchased a new stake in Huttig Building Products during the second quarter worth about $282,000. Finally, Weber Alan W increased its stake in Huttig Building Products by 1.9% in the second quarter. Weber Alan W now owns 1,816,017 shares of the company’s stock worth $12,730,000 after buying an additional 33,700 shares during the period. 42.99% of the stock is owned by hedge funds and other institutional investors.
Huttig Building Products Company Profile
Huttig Building Products, Inc is a domestic distributor of millwork, building materials and wood products used principally in residential construction and in home improvement, remodeling and repair work. The Company purchases from manufacturers and distributes its products through approximately 26 wholesale distribution centers serving over 41 states.
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