Huttig Building Products, Inc. (HBP) Position Boosted by Bank of New York Mellon Corp
Bank of New York Mellon Corp raised its holdings in shares of Huttig Building Products, Inc. (NASDAQ:HBP) by 333.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,936 shares of the company’s stock after buying an additional 49,187 shares during the quarter. Bank of New York Mellon Corp owned about 0.25% of Huttig Building Products worth $449,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Rhumbline Advisers purchased a new position in Huttig Building Products during the second quarter worth about $165,000. Schwab Charles Investment Management Inc. purchased a new position in Huttig Building Products during the second quarter worth about $282,000. Finally, Weber Alan W grew its position in Huttig Building Products by 1.9% during 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 in the last quarter. Institutional investors and hedge funds own 51.77% of the company’s stock.
Shares of Huttig Building Products, Inc. (HBP) opened at 6.72 on Wednesday. The firm’s 50-day moving average price is $7.06 and its 200 day moving average price is $6.81. Huttig Building Products, Inc. has a 52 week low of $4.65 and a 52 week high of $9.24. The company has a market cap of $173.86 million, a price-to-earnings ratio of 30.83 and a beta of 1.81.
Huttig Building Products (NASDAQ:HBP) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $199.60 million during the quarter. Huttig Building Products had a return on equity of 5.29% and a net margin of 0.34%. On average, equities research analysts forecast that Huttig Building Products, Inc. will post $0.24 EPS for the current year.
Separately, TheStreet lowered Huttig Building Products from a “b-” rating to a “c” rating in a research note on Tuesday, August 1st.
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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