Huttig Building Products (HBP) Lowered to “Hold” at ValuEngine

Huttig Building Products (NASDAQ:HBP) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

Shares of Huttig Building Products stock opened at $5.31 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.54 and a quick ratio of 1.05. Huttig Building Products has a fifty-two week low of $4.82 and a fifty-two week high of $9.24.

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Huttig Building Products (NASDAQ:HBP) last issued its quarterly earnings results on Monday, March 5th. The company reported ($0.36) earnings per share for the quarter. The company had revenue of $179.20 million during the quarter. Huttig Building Products had a negative net margin of 0.94% and a negative return on equity of 8.63%.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Huttig Building Products by 1.1% in the fourth quarter. BlackRock Inc. now owns 1,071,588 shares of the company’s stock valued at $7,126,000 after purchasing an additional 11,767 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Huttig Building Products by 186,262.5% in the third quarter. Wells Fargo & Company MN now owns 14,909 shares of the company’s stock valued at $105,000 after purchasing an additional 14,901 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Huttig Building Products in the second quarter valued at approximately $157,000. Deutsche Bank AG increased its holdings in shares of Huttig Building Products by 81.6% in the fourth quarter. Deutsche Bank AG now owns 54,829 shares of the company’s stock valued at $363,000 after purchasing an additional 24,645 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY increased its holdings in shares of Huttig Building Products by 1.4% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 2,112,700 shares of the company’s stock valued at $14,049,000 after purchasing an additional 30,000 shares in the last quarter. 55.26% of the stock is owned by institutional investors and hedge funds.

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Huttig Building Products Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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